Reinsurance News

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GTCR partners with Synova to accelerate JMG's expansion across UK insurance market

19 hours ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headquartered in Leeds, UK, and founded in 2020 through a partnership between CEO Nick Houghton and Chairman Tim Johnson, JMG provides comprehensive risk management solutions to small and medium-sized enterprises and high-net-worth individuals.
Kin reports 35% revenue growth in Q1’25, California emerges as key market

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth driver during the quarter. Sean Harper, Kin Founder and CEO, said: “We’re starting 2025 with strong results – 35% year-over-year revenue growth and substantial gains in profitability. This performance reinforces our disruptive force in the insurance market.
West's 103.9% CoR for 24-25 FY impacted by elevated IG Pool claims

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

West of England P&I Club, an insurance provider to the global maritime and offshore industries, has delivered strong results for the 2024-25 financial year amid market challenges. The firm’s combined ratio of 103.9% for the year was impacted by elevated International Group (IG) Pool claims, but despite this, West’s own claims experience remained within forecast and the Club’s three-year average combined ratio is 98.4%, the best it has been for eight years.
Henrik Hoppendorff joins Gallagher Re as Senior Facultative Broker, EMEA

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years of experience in the insurance industry, specialising in property with Continental Europe and London markets, has provided him with a breadth of experience across various industry sectors.
Benjamin James joins IAP London team as Partner

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective end of June.
Starwind Specialty announces launch of four new insurance programs

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Starwind Specialty Insurance Services, a CRC Group company, has expanded its underwriting expertise with the launch of four new insurance programs: Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis.
Aon, GrECo, Marsh & Smartt Re to support PEJ for Poland's first nuclear project

1 day ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland’s state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other operations. The brokers selected by PEJ will handle the company’s insurance services and arranging insurance contracts related to the nuclear power plant construction at the Lubiatowo-Kopalino site in the Choczewo municipality.
Dan Powers joins Alliant's Value-Based Healthcare Solutions & Risk Management Solutions practice - Reinsurance News

2 days ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

Alliant Insurance Services has announced the appointment of reinsurance expert Dan Powers as Senior Vice President within the Value-Based Healthcare and
Conduit Re seeing opportunity to deploy more capacity into casualty risks

2 days ago | reinsurancene.ws | Kassandra Jimenez-Sanchez

As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reinsurer’s analyst call following the release of its Q1’25 financial results. “We are entering a more competitive phase of the cycle and have started to see pricing come off highs, particularly in property and specialty.
Skyward Specialty names LaFlamme as President, Captives & Specialty

2 days ago | reinsurancene.ws | Saumya Jain

Property and Casulty insurer Skyward Specialty Insurance Group Inc. has appointed Corey LaFlamme as President, Captives & Specialty Programs, as Kirby Hill becomes Chairman of the segment,The appointment of LaFlamme aligns with the company’s strategic plans to grow in one of the fastest-expanding areas of the market. LaFlamme has over two decades of industry experience, most recently serving as the Head of Programs at The Hartford.