Reinsurance News
Selective posts revenue growth and double-digit investment income gains in Q1’26
23rd April 2026
Selective Insurance Group, Inc. has reported higher revenues and investment income for Q1 2026, alongside continued growth in book value per share, despite elevated catastrophe losses impacting underwriting profitability. For the opening quarter of the year, Selective's total revenues increased 6% year-on-year to $1.36 billion, supported by a 5% rise in ... Read the full article
Openly expands reinsurance partnership with Allianz Re alongside new growth investment
23rd April 2026
Openly, a technology-enabled homeowners insurance provider, has announced an expansion of its long-term reinsurance partnership with Allianz Re, strengthening the structure that supports its homeowners insurance portfolio. The company also completed a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners, and Gradient, with strategic participation from ... Read the full article
Kristyn Smallcombe named CUO of Ascot U.S.
23rd April 2026
Ascot, a global specialty insurance and reinsurance group, has announced the appointment of Kristyn Smallcombe as Chief Underwriting Officer (CUO), Ascot U.S. In her new role, Smallcombe will be responsible for shaping and executing Ascot’s U.S. underwriting strategy, focusing on profitability, growth, and diversification across the insurance platform. She will report to ... Read the full article
Spinnaker Insurance reaches AM Best FSC IX amid continued capital markets activity
23rd April 2026
Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings that provides property and casualty solutions to the program insurance market, has reported that it has reached an AM Best Financial Size Category (FSC) of IX, representing policyholder surplus above $250 million. Spinnaker Insurance Company states that this development strengthens its ... Read the full article
Clockwork Re appoints Mark Elliott as Director
23rd April 2026
Guernsey-based category 4 commercial general reinsurer, Clockwork Re, has appointed Mark Elliott, who has more than 25 years of experience across reinsurance, insurance, and insurance-linked securities (ILS), as Director. Currently, Elliott serves as the Chief Executive Officer (CEO) of Marco Capital Re and PoloWorks Insurance Managers. In the past, Elliott has served ... Read the full article
Arctic maritimes routes see growing interest, though commercial potential remains limited: Coface
22nd April 2026
With the conflict in the Middle East and the blockade of the Strait of Hormuz disrupting global trade, a new study from Coface has highlighted that Arctic routes are attracting growing interest as potential alternatives. However, the firm has suggested that the commercial potential of Arctic routes will "remain limited" ... Read the full article
Gallagher Re appoints Christopher Lynch as VP, US Casualty Fac Broker
22nd April 2026
Global reinsurance broker Gallagher Re has announced the appointment of Christopher Lynch as Vice President – US Casualty Facultative Broker. Lynch brings more than two decades of insurance and reinsurance industry experience, with deep expertise and a proven track record of delivering results across complex risk environments. In a recent LinkedIn post, ... Read the full article
Aon reports increasing climate risk from flood and drought in 2026 CCI findings
22nd April 2026
Aon plc, a global professional services firm, states that evolving flood and drought patterns are reshaping risk profiles across global insurance and reinsurance markets, according to its 2026 Climate and Catastrophe Insight (CCI) report released ahead of Earth Day. Drawing on its catastrophe data and forward-looking climate modelling, Aon reports that ... Read the full article
Allianz & Jio Financial Services to establish joint venture offering general and health insurance
22nd April 2026
Allianz Group, through its wholly-owned subsidiary Allianz Europe B.V., has entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 primary insurance joint venture offering general and health insurance. This agreement formalises a partnership first announced in July 2025, by establishing a domestic reinsurance joint ... Read the full article
Loadsure expands cargo insurance offering with War & SRCC coverage
22nd April 2026
Loadsure, a provider of data-driven freight insurance solutions, has added a War & SRCC (Strikes, Riots, and Civil Commotion) cargo cover option to its per-shipment product range. Introduced in early April, the cover is available to brokers, shippers, and freight forwarders seeking protection against risks linked to instability and disruption. The product ... Read the full article
PwC reports growing divide in AI-driven financial performance
22nd April 2026
PwC, a global network of firms providing audit, consulting and advisory services, reports that a relatively small group of organisations is capturing a disproportionate share of financial returns from artificial intelligence. In its study, Want ROI from AI? Go for growth, PwC analyses responses from 1,217 senior executives, largely from publicly ... Read the full article
W. R. Berkley reports GWP of $3.8bn for Q1’26 as net income expands
22nd April 2026
Insurance holding company W. R. Berkley Corporation has reported a rise in gross written premiums (GWP) for Q1’26 to $3.8 billion, compared with $3.7 billion in Q1’25. Net written premiums, meanwhile, remained broadly stable year over year, reaching $3.17 billion for Q1’26, compared to $3.13 billion in Q1’25. For the first quarter ... Read the full article
Ransomware is shifting towards infrastructure-led exploitation, At-Bay reports
22nd April 2026
At-Bay, a US-based InsurSec provider offering cyber insurance and risk management services, reports in its 2026 InsurSec Report that ransomware activity is increasingly shaped by the exploitation of core infrastructure. According to At-Bay’s analysis of more than 6,500 claims and over 100,000 policy years, 73% of ransomware incidents in 2025 began ... Read the full article
Florida market DPW rises 1.3% at year end 2025: Gallagher Re
22nd April 2026
The overall Florida insurance market reported a 1.3% year-on-year increase in direct premiums written (DPW) to $33.3 billion at year-end 2025, according to Gallagher Re’s Florida Market Watch Report. The report showed that Florida Specialists (excluding ANTSP) saw DPW increase by 13.5% to $22.2 billion compared to year-end 2024, with growth ... Read the full article
Acrisure Re integrates Capital and Captives division to expand global platform
22nd April 2026
Acrisure Re, the reinsurance arm of global fintech company Acrisure, has announced the integration of its Capital and Captives division into its broader platform. The move brings together more than 275 captive specialists across North America and Bermuda, combining an established captives business with the capabilities of a specialist reinsurance broker ... Read the full article
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