Yana Keller

United States

Editor at Beinsure

Featured in: Favicon

beinsure.com

Articles

Insurtech KatRisk acquired Gamma to strengthen location intelligence and risk capabilities

3 days ago | beinsure.com | Yana Keller

KatRisk, a provider of catastrophe risk modeling software for the insurance and financial sectors, has acquired Gamma, a company based in Dublin specializing in location intelligence and property-level risk data. This acquisition expands KatRisk’s technical capabilities in risk assessment and supports its broader development of data-driven tools for insurance and financial services.
Hannover Re reported net income of €480 mn for Q1 2025, down 13.9% YoY

3 days ago | beinsure.com | Yana Keller

Hannover Re reported a group net income of €480 mn for Q1 2025, down 13.9% year-on-year, driven by large losses in its property and casualty reinsurance segment. Total large losses reached €765 mn, exceeding the company’s budgeted figure of €435 mn. The largest individual event was the California wildfires, costing €631 mn.
Munich Re reported Q1 2025 net result of €1.1 bn

3 days ago | beinsure.com | Yana Keller

Munich Re reported a net result of €1.1 bn for the first quarter of 2025, maintaining its full-year profit guidance of €6 bn despite incurring around €1.1 bn in losses from January’s Los Angeles wildfires. Reinsurer had previously projected a loss of €1.2 bn linked to the event. The P&C reinsurance business absorbed €800 mn of the wildfire-related loss.
Monument Re transferred a €1.4 bn reinsurance portfolio to RGA Americas Re

3 days ago | beinsure.com | Yana Keller

Monument Re has transferred a €1.4 bn legacy reinsurance portfolio to RGA Americas Reinsurance, following regulatory and board approvals. The portfolio consists of annuity and other life insurance liabilities acquired through Monument Re’s 2020 transaction with Greycastle Holdings. According to a company statement, the transfer will release capital resources that Monument Re intends to redeploy toward its core strategy of consolidating European life insurance portfolios.
Optio Group acquired Custodian Management, a UK-based MGA

3 days ago | beinsure.com | Yana Keller

Optio Group, an independent specialty managing general agent (MGA) platform, has acquired Custodian Management, a UK-based MGA. Since its inception in 2013 by managing director Zahid Naqvi, Custodian Management has focused on underwriting profitability and specialises in offering professional indemnity (PI) and management liability. This acquisition is expected to enhance Optio’s PI capabilities and is part of its strategy to create a diversified platform.
New York Convention overrides Louisiana arbitration ban in insurance disputes

3 days ago | beinsure.com | Yana Keller

The U.S. Second Circuit Court of Appeals reversed its earlier decision, ruling that arbitration clauses established under the New York Convention take priority over Louisiana state law, which prohibits mandatory arbitration in insurance contracts. The dispute arose from two separate cases involving commercial properties insured by surplus lines carriers at Lloyd’s. Both properties sustained damage during Hurricane Ida in 2021.
Lloyd’s appointed Patrick Tiernan as CEO, effective June 1

3 days ago | beinsure.com | Yana Keller

The Council of Lloyd’s has appointed Patrick Tiernan as the next chief executive officer, effective June 1, pending regulatory approval. John Neal will complete his term as CEO on May 31. Tiernan joined Lloyd’s in May 2021 as its first chief of markets. In this role, he oversaw underwriting, claims, exposure management, market oversight, international regulation, distribution, new entrant strategy, the Lloyd’s Global Network, Lloyd’s Lab, Lloyd’s Academy, and Lloyd’s global agents.
Aspen Insurance adds 2.6 mn shares to IPO, targeting $77.6 mn

3 days ago | beinsure.com | Yana Keller

Aspen Insurance Holdings plans to add 2.6 mn ordinary shares to its initial public offering at a price of $30 per share, totaling $77.6 mn. This update covers only the additional shares, including 337,500 shares subject to the underwriters’ purchase option. It does not include the 12.7 mn shares listed in the original IPO filing, according to Aspen’s submission to the U.S. Securities and Exchange Commission.
Aon named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions

1 week ago | beinsure.com | Yana Keller

Aon, a global professional services firm, named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions, effective immediately. In his new role DiLorenzo will be responsible for leading casualty broking teams to deliver insights and solutions to clients, combining transactional expertise with data and analytics excellence.
Amanda Lyons appointed as CEO of Aon Reinsurance Solutions in Bermuda

1 week ago | beinsure.com | Yana Keller

Aon, a global professional services firm, announced that Amanda Lyons had been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda, effective July 1 and subject to regulatory and immigration approvals. Based in Bermuda, Lyons will drive the growth of Aon’s reinsurance platform on the island.