Your weekly re/insurance round-up, ending 13th June, 2025

It's Friday 13 June, 2025

This week, Swiss Re executives revealed in an interview that legacy business is a long-term endeavour built on trusted relationships, and while meaningful progress has been made to strengthen the market’s resilience and reputation, further efforts are still needed.

Elsewhere, Brown & Brown announced an agreement to acquire Accession, the parent company of Risk Strategies and One80 Intermediaries.

In other developments, IHC unveiled RIQ as the official name of its AI-native reinsurance platform, while French reinsurer SCOR launched the NatReCo Initiative.

At the same time, Samsung Fire & Marine deepened its investment in Canopius with a new $570 million capital injection, while Mereo Advisors Group said it will now operate under the new name Cedar Trace.

Hamish Dowlen also noted that European cedants are showing renewed interest in aggregate catastrophe reinsurance coverage, as higher retentions and growing sensitivity to the potential impact of more frequent events continue to pressure underwriting earnings.

As for the key people moves, RenaissanceRe announced a series of senior promotions across its U.S. operations and global underwriting teams.

Compre appointed Rachel Bardon as Chief Underwriting Officer, while Beazley named Stefan Wunderlich Head of Parametric Insurance.

Arundo Re also placed Raphaël Marin as Non-Life Underwriter & Actuary for Latin America, and Vantage appointed James Gunson as Chief Claims Officer for its insurance division.

We’ll continue to update you with more coverage of the major developments from this week, while also keeping up with the regular news coming out of the re/insurance industry.

We hope all our readers stay safe and well this weekend!