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1 week ago | 
reinsurancene.ws | Beth Musselwhite
Chris Jones, the new CEO of the International Underwriting Association (IUA), announces a dual focus on strengthening underwriting and claims expertise and reassessing emerging and systemic risks. Announced in March 2025, Chris Jones officially assumed the role of CEO of the IUA on May 1st, succeeding Dave Matcham, who has retired.
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
Trident Reciprocal Exchange, a technology-driven, Florida-focused, and member-owned insurance company, has announced the appointment of Ryan Hodges as Chief Executive Officer. Trident Reciprocal Exchange is a newly established de novo reciprocal exchange focused on writing homeowners’ insurance in Florida. Hodges brings more than 25 years of experience in the Property & Casualty insurance market.
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
Applied Systems has released the first-quarter 2025 results of the Applied Rating Index, showing both year-over-year and quarter-over-quarter increases in average premium rate changes for Personal Auto and Personal Property lines. In Q1’25, Personal Auto premium rate change increased 13.2% compared to Q1’24. Quarter-over-quarter, premium rate change increased 2.2%.
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the addition of Ohio, the suite is now approved for use in 16 states.
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management, and asset liability management.
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
Erithmitic, a technology-driven alternative asset manager, recently launched its affiliated reinsurance entity, Navigate Re, which is set to provide the firm with up to $2.5 billion in long-term investment capacity over the next ten years. Initially announced in April 2025, Navigate Re is a Guernsey-domiciled Category 6 Special Purpose Entity that officially launched in the first quarter of 2025 after receiving regulatory approval from the Guernsey Financial Services Commission (GFSC).
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1 week ago | 
reinsurancene.ws | Beth Musselwhite
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience across London, Hong Kong, and Singapore. He joins Willis from Howden Insurance Brokers Limited, where he served as Chief Broking Officer.
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2 weeks ago | 
reinsurancene.ws | Beth Musselwhite
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwriter & Manager, CUO P&C Reinsurance at Swiss Re. In a recent report, Nelson noted that after years of suboptimal results, the Personal Auto segment rebounded in 2024, driven by a decrease in claims severity and rate increases aimed at offsetting hikes...
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2 weeks ago | 
reinsurancene.ws | Beth Musselwhite
Nicolas Papadopoulo, Chief Executive Officer (CEO) of re/insurer Arch Capital Group, believes the reinsurance market is more disciplined, noting that while rate decreases have been seen, they are from the peak of the market—and the sector remains attractive. Speaking during Arch Capital Group’s Q1 2025 earnings call, Papadopoulo said he hasn’t seen any actors behaving in a totally irrational way. He acknowledged that while new entrants are emerging, they remain small.
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2 weeks ago | 
reinsurancene.ws | Beth Musselwhite
The recent cyberattack on M&S is not a UK-centric incident, with the DragonForce ransomware group rapidly emerging as one of the most dangerous threats in the cybersecurity domain globally, according to Rick Welsh, CEO of Killara Cyber. Killara Cyber is the cyber insurance program of Canopy Specialty Insurance. It offers a solution for its SME customers with CORE, its proprietary early warning system that predictively warns against malicious intrusions or potential cyberattacks.
