Reinsurance News
Descartes and Nextpower launch parametric insurance solution for extreme wind conditions
12th June 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, and Nextpower™, a provider of solar and power technology solutions for utility-scale power plants, have partnered to launch an integrated parametric insurance solution for extreme wind conditions. By leveraging site-level wind data from Nextpower meteorological stations, this ... Read the full article
Willis Re expands leadership team with two senior appointments in London and Bermuda
12th June 2026
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has appointed Jonathan Ogilvie as Global Head of Non-Marine Specialties and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately. Willis Re said Ogilvie, based in London, and Dart, based in Bermuda, will lead their ... Read the full article
New Zealand’s NHC secures record NZ$12.3bn reinsurance programme
12th June 2026
For 2026, the Natural Hazards Commission Toka Tū Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection, which is a 20%, or $2.1 billion increase from last year's NZ$10.3 billion programme. The cover will provide substantial financial protection for New Zealand homeowners in the event of a major natural ... Read the full article
Aon names Steve Dando as Chief Broking Officer for its Global Broking Center
12th June 2026
Global professional services firm Aon has appointed Steve Dando as Chief Broking Officer for its Global Broking Center (GBC), effective 1 July. As Chief Broking Officer, Dando is responsible for shaping the broking strategy for the London-based GBC, Aon's wholesale and specialty broking business. He will reportedly strengthen market relationships while leading ... Read the full article
Beach Point launches insurance solutions initiative led by Louis DiFranco
12th June 2026
Beach Point Capital Management LP, a global alternative investment firm, has launched a strategic insurance solutions initiative focused on expanding its engagement with insurance companies and delivering tailored investment solutions across its platform. The initiative reflects Beach Point's continued commitment to serving institutional investors through specialised expertise and dedicated client solutions. The ... Read the full article
BILTIR appoints Todd Coslow as Director of Policy & Regulation
12th June 2026
Bermuda International Long Term Insurers and Reinsurers (BILTIR), an association representing Bermuda-based long-term insurers and reinsurers, has announced the appointment of Todd Coslow as Director of Policy & Regulation. In his new role, Coslow will lead BILTIR’s engagement on regulatory and legislative matters affecting Bermuda’s long-term re/insurance sector. He will work closely ... Read the full article
Duck Creek introduces multi-country layer enhancements as part of global expansion
12th June 2026
Duck Creek Technologies, a provider of software for the property and casualty insurance industry, has announced the expansion of its global platform strategy and support for insurers operating across international markets. Building on its commitment to help carriers scale globally, Duck Creek introduced enhancements to its Multi-Country Layer architecture and announced ... Read the full article
Blake Gleeson joins Gallagher Australia as Chief Client Officer
12th June 2026
Blake Gleeson has been appointed to the newly created role of Chief Client Officer for Gallagher Australia, based in Perth, effective June 1, 2026. Gleeson will leverage his three decades of industry experience to help strengthen client experience and deliver greater consistency across sectors as the business continues to grow nationally. Gleeson ... Read the full article
US commercial insurance rates up 2.5% in Q1’26 amid softening trends: WTW
11th June 2026
According to global insurance and reinsurance broker WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS), commercial insurance rates across the US increased 2.5% in the first quarter of 2026, the third consecutive quarter of moderating rate rises. Year-on-year, US commercial insurance rates fell from the aggregate price increase of 5.3% seen ... Read the full article
Lauren Pratscher joins Aon as Middle Market Chief Broking Officer
11th June 2026
Aon, a global re/insurance broker and risk advisor, has announced the appointment of Lauren Pratscher as Chief Broking Officer for the company’s Middle Market P&C broking operation. Pratscher brings over two decades of industry experience to her new position, having most recently served as Head of Casualty Placement at Newfront - ... Read the full article
DXC to leverage Anthropic’s Claude for mission-critical enterprise systems
11th June 2026
DXC Technology, a global technology firm with a specialism in insurance and reinsurance, has entered into a multi-year global partnership with Anthropic, an artificial intelligence (AI) safety company and creator of Claude. Through this joint initiative, DXC has become one of the few Global Premier partners in the Claude Partner Network, ... Read the full article
AXIS appoints new senior underwriter in US healthcare reinsurance
11th June 2026
AXIS, a global specialty insurer and reinsurer, has appointed Brian Scott as Senior Underwriter within its US Healthcare Reinsurance team. Scott joins AXIS with close to twenty years of experience across the healthcare sector, having previously held roles at RGA Reinsurance, Voya Financial, Point6 Healthcare and Lockton Companies. He has an extensive ... Read the full article
Lockton’s revenue rises 12% as reinsurance business continues strong trajectory
11th June 2026
Lockton, an independent insurance broker, has reported a 12% year-over-year increase in global revenue to approximately $4.5 billion for fiscal year 2026, with continued strong growth at Lockton Re, the firm’s global reinsurance business. The firm noted that the revenue increase included 11% organic growth, marking Lockton's sixth consecutive year of ... Read the full article
Lancashire Insurance US expands product portfolio, announces new appointments
11th June 2026
Lancashire Insurance US has announced three new appointments alongside the expansion of its product portfolio with three new classes of business: financial, inland marine, and environmental liability. These new products double the operation’s underwriting offering and complement the existing classes of energy casualty, property, and general casualty. Jason Rubman, who brings 25 ... Read the full article
Fortitude Re completes second $500m FABN issuance
11th June 2026
FGH Parent, L.P. (together with its subsidiaries, Fortitude Re), a global reinsurance company, has announced that Fortitude Life Insurance & Annuity Company (FLIAC) has completed its second funding agreement-backed notes (FABN) offering to institutional investors. Fortitude Re entered the funding agreement-backed notes market in October 2025 with an inaugural $500 ... Read the full article
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