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Top ReinsuranceNe.ws News

Ascot Group Limited Appoints Distinguished Business Leaders to Board of Directors
Bermuda · Bermuda

Ascot Group Limited Appoints Distinguished Business Leaders to Board of Directors

74% Center coverage: 27 sources
Rosalind Brewer and Martin Flanagan join Robert Sewell to further strengthen company leadershipSee the Story
Markel Insurance announces new leadership appointments within its US Wholesale and Specialty division
Richmond, United States · Richmond

Markel Insurance announces new leadership appointments within its US Wholesale and Specialty division

55% Center coverage: 27 sources
RICHMOND, Va., June 16, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today new leadership appointments within its US Wholesale and Specialty division as part of a strategic regional realignment designed to better…See the Story
CNA Launches Cardinal E&S℠, A CNA Brand to Deepen Commitment to Excess & Surplus Market
Chicago, IL · Chicago

CNA Launches Cardinal E&S℠, A CNA Brand to Deepen Commitment to Excess & Surplus Market

100% Center coverage: 12 sources
CHICAGO, June 18, 2025 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) today announced the launch of Cardinal E&S, A CNA Brand, furthering its dedication to serving the excess and surplus (E&S) market. This strategic expansion reinforces CNA's continued commitment to…See the Story

LOCKTON SURPASSES $4 BILLION IN FY2025 REVENUE, DRIVEN BY INDUSTRY-LEADING ORGANIC GROWTH AND RELENTLESS FOCUS ON CLIENTS

86% Center coverage: 7 sources
/PRNewswire/ -- Lockton, Inc., the world's largest independent and privately held insurance brokerage, recorded global revenue of $4.0 billion for the fiscal...Kansas City, Missouri · Kansas CitySee the Story

Apollo-backed Athora eyes £5bn deal for Pension Insurance Corporation

100% Center coverage: 1 sources
A takeover of the pension risk transfer specialist, which has insured liabilities at RSA and BAT, would represent a landmark deal in the industry, Sky News learns.London, England · LondonSee the Story

MS Transverse gets credit ratings upgrade from AM Best

AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Transverse)—from A (Excellent) to A+ (Superior). Additionally, their Long-Term Issuer Credit Ratings have been raised from “a+” (Excellent) to “aa” (Superior). The outlook for these ratings remains stable. …Mississippi · MississippiRead Article

Aon's NFP hires Darrin De Stephanis to drive commercial surety growth

NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pellen, co-leader of NFP’s Construction and Infrastructure (C&I) Group. NFP’s construction surety risk practice is part of its C&I Group, which operates across the U.S. and Canada. The group is focused on…Vancouver, British Columbia · VancouverRead Article

SageSure appoints Prasad Gunturi as VP Catastrophe Risk R&D

SageSure, a provider of catastrophe-exposed property insurance, has announced the appointment of Prasad Gunturi as Vice President (VP), Catastrophe Risk R&D. Founded in 2009, SageSure is a managing general underwriter focused on catastrophe-exposed markets in the U.S., offering home, flood, and commercial coverage on behalf of highly rated carrier partners. The company operates in 16 coastal states, has surpassed $2.3 billion in premium, and has…United States · United StatesRead Article

US lightning-related insurance claims down 16.5% in 2024: Triple-I

U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, marking a 16.5% decrease from the $1.24 billion paid in 2023, according to the Insurance Information Institute (Triple-I). The total number of lightning-caused claims fell to 55,537 in 2024, down 21.5% from 70,787 in 2023, marking the lowest level recorded since before 2017. More than half of all claims came from the top 10 states, with Florida, Texas, and…Florida, United States · FloridaRead Article

ICW Group enters E&S market with new business unit, ICW Specialty

California-domiciled privately held insurance company, ICW Group Insurance Companies, has launched a new Excess and Surplus (E&S) business unit, ICW Specialty. The unit is being launched through VerTerra Insurance, ICW Group’s Excess and Surplus lines insurer. Operating out of Atlanta, ICW Group will build ICW Specialty’s products and “go-to-market and distribution strategies” from the ground up, with Excess Casualty expected to be the first pro…Atlanta, Georgia · AtlantaRead Article

Marco Capital acquires R&Q Gamma, marking third transaction with parent

European P&C insurance run-off group Marco Capital has acquired R&Q Gamma Company Limited, subject to regulatory approval. Marco Capital explained that R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established in 1983 and put into run-off in 1999. It was purchased by R&Q Insurance Holdings Ltd in 2016 to act as a consolidation vehicle for run-off opportunities in the UK. “Over the following 4 years, R&Q Gamma transacted…United Kingdom · United KingdomRead Article

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