Reinsurance News
Improved underwriting results in 2025 set stage for Fidelis’ Pelagos rebrand
26th February 2026
Alongside its full-year 2025 results, which included underwriting income of $117.2 million and a combined ratio of 94.8%, Fidelis Insurance Group has announced its intention to change its name to Pelagos Insurance Capital Limited. Fidelis explained that it expects to begin trading under the new ticker symbol (NYSE: PLGO) in May ... Read the full article
PERILS places first industry loss estimate from Victoria Bushfires at AU$786m
26th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for the Victoria Bushfires, which took place from 7 to 13 January 2026 at AU$786 million. The PERILS estimate of the insurance market loss for the event is based on loss data collected from the affected ... Read the full article
AXA XL Reinsurance premiums grow 8% for FY’25
26th February 2026
The reinsurance arm of French insurer AXA’s property, casualty and specialty risk division, AXA XL Reinsurance, reported on a comparable basis an 8% year-on-year increase in gross written premiums (GWP) and other revenues to €2.6 billion for the full year 2025. This growth was supported by alternative capital and favourable price ... Read the full article
Blue Marble makes ‘largest ever’ parametric payout to smallholder farmers in Indonesia
26th February 2026
Blue Marble, a firm that provides insurance protection for underserved communities, has reportedly made the largest parametric insurance payout ever recorded to smallholder farmers in Indonesia, with all 2,719 farmers enrolled in the program receiving payouts and total claims exceeding IDR 2.4 billion. According to Blue Marble, the recent floods in ... Read the full article
Munich Re’s net result exceeds target in 2025 at over €6.1bn
26th February 2026
Global reinsurer Munich Re's net result came in above target at €6.121 billion for the 2025 financial year, with a contribution of €5.204 billion from the reinsurance business following a strong performance in property and casualty (P&C) and life and health (L&H) during the year. 2025 was the fifth consecutive year ... Read the full article
Berkshire (BHSI) elevates three leaders within property division
26th February 2026
Berkshire Hathaway Specialty Insurance (BHSI), an insurer offering commercial property, casualty, and specialty coverage, has announced key promotions across its property leadership team. Ryan Abelli and Chris Lemoine have been named Co-Heads of Wholesale General Property, while JP Ahlgren has been promoted to Senior Vice President, Property. “Ryan, Chris and JP have ... Read the full article
AM Best revises Mercury and its subsidiaries’ outlooks to stable from negative
26th February 2026
AM Best has revised the outlooks to stable from negative and affirmed the credit ratings for the members of Mercury Casualty Group (Mercury), based on Mercury’s net ultimate losses and reinsurance recoveries following the January 2025 California wildfires. The ratings agency affirmed the Financial Strength Rating of A (Excellent) and the ... Read the full article
PIC completes £60m buy-in to secure benefits for Bodycote UK Pension Scheme
26th February 2026
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has completed a £60 million buy-in for Bodycote UK Pension Scheme, securing the benefits of all 680 Scheme members. Bodycote offers specialist thermal processing services, providing essential metallurgical solutions to enhance the performance, reliability, and lifespan of crucial ... Read the full article
AXA XL adds AIG’s Carnazza as Head of Construction Property, Americas
26th February 2026
AXA XL, the property, casualty and specialty risk division of AXA, has appointed Greg Carnazza as Head of Construction Property for the Americas region. In the new role, he is based in Atlanta, and reports to Jon Tellekamp, Chief Underwriting Officer, Construction, AXA XL. Carnazza will oversee the development and execution of ... Read the full article
MSIG and IFC launch $6bn credit insurance facility to boost financing in developing nations
25th February 2026
MSIG USA and Mitsui Sumitomo Insurance Company, Limited (MSI Japan) - collectively referred to as MSIG - have partnered with the International Finance Corporation (IFC), a member of the World Bank Group, for a new insurance-backed credit facility designed to expand access to finance in emerging markets. Under the facility, MSIG ... Read the full article
Gallagher Re appoints Kevin Ingram as VP, USA Property Fac
25th February 2026
Global reinsurance broker Gallagher Re has announced the appointment of Kevin Ingram as Vice President – USA Property Facultative. Ingram brings more than 25 years of reinsurance industry experience, spanning reinsurance accounting, US and international facultative property underwriting, and facultative property reinsurance broking. He has a strong track record of managing cross-functional ... Read the full article
Broker Hub says Anthropic’s Claude AI delivers 85% productivity gains
25th February 2026
A broad enterprise rollout of Claude, the AI platform developed by Anthropic, is now underway at Hub International Limited, an insurance brokerage and financial services firm. Anthropic, an artificial intelligence research and development company, is partnering with HUB to implement the platform across its workforce of more than 20,000 employees. The initiative ... Read the full article
Hippo sees $6m net income and improved CoR in Q4’25
25th February 2026
Home insurance group Hippo has announced its financial results for the fourth quarter of 2025, reporting $6 million in net income, 40% gross written premium growth, and an improved combined ratio of 99%. Net income in Q4 2025 compares to a $44 million net income in Q4 2024, which included a ... Read the full article
Delos Insurance Solutions strengthens leadership team amid expansion plans
25th February 2026
Delos Insurance Solutions, a property insurance managing general agent, has made a series of senior leadership changes as it prepares for its next phase of expansion. The company specialises in home insurance solutions, particularly in markets where many traditional carriers have reduced or withdrawn coverage. By combining proprietary wildfire science with ... Read the full article
Chubb names Brent MacLean as Division President of ESIS
25th February 2026
Large US insurer Chubb has announced the appointment of Brent MacLean as Division President of ESIS Inc., a third-party administrator and wholly-owned subsidiary of Chubb. ESIS provides a full range of claim and risk management services to a wide variety of commercial clients. Services include workers’ compensation, general liability, automobile liability, ... Read the full article
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