Reinsurance News
Mohammed Al Rowais to lead Lockton’s new reinsurance business in Saudi Arabia
30th April 2026
Lockton, an independent insurance broker, has secured its reinsurance licence in the Kingdom of Saudi Arabia, a move that marks the next phase of the company’s geographical expansion. Chris Brown, CEO, Lockton International, stated: “This licence strengthens our offering and ensures we are meeting clients where they need us, in Saudi ... Read the full article
Willis Re hires Richard Jones from Gallagher Re to lead Asia operations
30th April 2026
Richard Jones is set to join Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, from Gallagher Re in October 2026, subject to all regulatory approvals, to lead the reinsurance broker's Asia operations from Singapore. Jones is a seasoned and respected practitioners in the region, ... Read the full article
ACORD report highlights profitability gap driven by digital execution among global insurers
30th April 2026
ACORD, the international body responsible for insurance data standards, has released its 2026 Insurance Digital Maturity Study assessing how digital capability is being translated into business performance across the sector. The analysis covers 210 of the world’s largest insurers across property and casualty, life, and reinsurance lines, and identifies that only ... Read the full article
Data and AI give MGAs a competitive edge, says Xceedance’s Lillywhite
30th April 2026
In a recent interview with Reinsurance News, Gavin Lillywhite, Senior Vice President of Business Development at Xceedance, discussed how data analytics and generative AI (GenAI) can elevate the Managing General Agent (MGA) business model. “There has been much fanfare and hype in the market about the potential of agentic AI to ... Read the full article
Fuse introduces Mark, AI submission scoring system for commercial insurance using live market intelligence
30th April 2026
Fuse, an AI intelligence platform focused on the commercial insurance sector, has introduced Mark, a new solution designed to assess insurance submissions against live market data. The launch follows the company’s recent release of Watch, its live peril dashboard for commercial insurance, which maps active risk events across ... Read the full article
Lancashire reports Q1’26 GPW of $668.4m, insurance revenue up 2.1%
30th April 2026
Lancashire Holdings Limited, a Bermuda-based insurer and reinsurer, has announced its financial results for the first quarter of 2026, reporting a year-on-year decrease of 6.1% to $668.4 million in gross premiums written (GPW). Excluding the impact of reinstatement premiums related to the California wildfires, the underlying reduction in gross premiums written ... Read the full article
Apollo expands reinsurance capabilities with new international casualty class
30th April 2026
Apollo, part of Skyward Group and an insurance platform focused on innovation, has announced the launch of an international casualty reinsurance class, extending its existing portfolio and broadening its reach across global markets. The company presents the addition as a strategic move designed to support clients with complex risk requirements while ... Read the full article
Talanx reports preliminary €774m Q1’26 net income, outpaces expectations
30th April 2026
The Talanx Group, the parent company and majority shareholder of Hannover Re, has reported preliminary consolidated net income of €774 million for Q1 2026, comfortably exceeding analysts’ expectations and signalling a strong start to the year. The German insurer said its preliminary result surpassed the market consensus of around €673 million ... Read the full article
Allstate extends Nationwide occurrence cat reinsurance and adjusts aggregate protection
30th April 2026
US primary insurer Allstate extended the top of its Nationwide Per Occurrence catastrophe reinsurance tower by $2 billion to provide coverage for events up to $11.5 billion of loss at its April renewal, and also made some changes to its aggregate protection. For Allstate's main 2026-2027 Nationwide Per Occurrence tower, the ... Read the full article
AXIS Capital’s net income climbs 33% to $247m in Q1’26
30th April 2026
AXIS Capital has opened 2026 with strong results, reporting gross premiums written of $3.1 billion for Q1, up $303 million, or 11% year on year, alongside an improved combined ratio of 89.8%. Meanwhile, net income available to AXIS Capital's common shareholders reached $247 million for Q1 2026, up $60 million, or ... Read the full article
UK Government moves to enable protected cell companies for captive insurance
30th April 2026
HM Treasury, the UK government’s department responsible for economic and financial policy, has outlined plans to advance legislation that would allow protected cell companies (PCCs) to be used within the UK’s captive insurance framework. The proposals form part of a wider consultation considering how PCC structures could be expanded beyond their ... Read the full article
Everest delivers 91.2% CoR and improved net income of $653m in Q1’26
30th April 2026
Bermuda-based global reinsurance company, Everest Group, Ltd., generated net income of $653 million in the first quarter of 2026, an increase of more than 210% year-on-year, as the Group combined ratio strengthened by 11.6 pts to 91.2% on the back of lower pre-tax net catastrophe losses. Group-wide, Everest had a strong ... Read the full article
Novacore introduces Zion Underwriting to strengthen transactional risk capabilities
30th April 2026
Novacore, an independent provider of next-generation specialty insurance solutions, has launched Zion Underwriting, a transactional risk insurance initiative aimed at supporting complex mergers and acquisitions and structured corporate transactions. Novacore states that Zion Underwriting will deliver a range of products including representations and warranties insurance (RWI), tax liability insurance and contingent ... Read the full article
Raymond Ong appointed Tokio Marine Life Insurance Singapore CEO
30th April 2026
Tokio Marine Life Insurance Singapore (TMLS) has announced the appointment of Raymond Ong as Chief Executive Officer (CEO). “With his deep industry expertise and regional perspective, Mr Ong is well positioned to lead TMLS into its next phase of growth,” a TMLS spokesperson stated. Adding: “His appointment reinforces our focus on strengthening ... Read the full article
New reinsurance demand is trending higher than we thought at Jan 1, says RenRe CUO
29th April 2026
David Marra, Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that new demand for reinsurance protection ahead of the mid-year renewals is trending higher than the firm expected at January 1, with RenRe seeing "really good opportunities" to deploy capital. During RenRe's recently held Q1 2026 ... Read the full article
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