Reinsurance News
Palomar appoints Scott Beiser to its Board of Directors
27th May 2026
Palomar Holdings, Inc., a US-based specialty insurance company focused on property and casualty coverage, has announced the appointment of Scott Beiser to its Board of Directors. Beiser brings decades of executive leadership and public company experience, with expertise in strategic planning, corporate governance, capital allocation, and driving long-term shareholder value creation. He ... Read the full article
PERILS cuts loss estimate for Queensland and New South Wales storms to AUD 2.943bn
27th May 2026
PERILS, the Zurich-based independent provider of catastrophe insurance market data, has published its third industry loss estimate relating to the severe convective storms that struck Queensland and New South Wales between 21 and 27 November 2025. PERILS reported that the latest industry loss estimate has been placed at AUD 2.943 billion, ... Read the full article
GIC Re’s FY’25 gross premium income up almost 7%
27th May 2026
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported a rise in gross premium income of almost 7% to ₹44,006.74 crore for the financial year ending March 31st, 2026 (FY’25), as compared to ₹41,153.95 crore in the financial year ending March 31, 2025 (FY’24). The reinsurer ... Read the full article
Safepoint looks to raise up to $283 million through IPO
27th May 2026
Safepoint Holdings has launched a new initial public offering (IPO), aiming to raise up to $283 million through the offering of 16,666,667 shares of its common stock at an expected price of between $15.00 and $17.00 per share. This includes 6,242,317 shares of the company’s common stock, par value $0.01 per ... Read the full article
SiriusPoint names Paul Beattie and Ed Winter as Heads of new Crisis Solutions platform
27th May 2026
SiriusPoint, a specialty insurer and reinsurer, has appointed Paul Beattie and Ed Winter as joint Heads of its newly established Crisis Solutions class of business within its London Market Specialty division. The new team will initially focus on war, political violence, and terrorism risks, to meet growing demand for protection in ... Read the full article
Weak cyber hygiene among smaller businesses exposes protection gap: KYND
27th May 2026
Smaller businesses exhibit widespread weaknesses in cyber hygiene, including a lack of basic email security protections, highlighting cyber exposure and a significant opportunity for insurers to support improved resilience, according to Ben Duffy, VP and Head of North America at KYND. Cyber risk intelligence provider KYND has released research based on ... Read the full article
Addresscloud adds Skyblu’s high-resolution European wildfire model
27th May 2026
Addresscloud, a UK geocoding and property intelligence expert, has adopted the high-resolution, pan-European wildfire risk model developed by Skyblu, an AI solutions provider. Skyblu’s high-resolution new model delivers 20-metre resolution risk scoring across Europe, offering significantly greater granularity than traditional datasets. This move comes as insurers prepare for another summer of elevated ... Read the full article
Rokstone Agriculture Farm & Ranch appoints Jessica Rusnak as Senior Underwriter
27th May 2026
Rokstone Agriculture, part of the international speciality re/insurance MGA Rokstone, has announced the appointment of Jessica Rusnak as Senior Underwriter, Farm & Ranch. In her new role, Rusnak will focus on driving new opportunities in both admitted and non-admitted classes, enhancing efficiency and quality, and harnessing the advanced technology and data-driven ... Read the full article
Property cat pricing trending down mid-teens at mid-year renewals: BMO Capital Markets
26th May 2026
Property catastrophe reinsurance pricing is trending down mid-teens for the mid-year 2026 renewals, meeting or beating market expectations, according to BMO Capital Markets, who also expect prices to stay under pressure absent a significant $100 billion or more of reinsurance losses. Unlike previous soft market cycles, analysts at BMO note that ... Read the full article
KatRisk to join Verisk Model Exchange to broaden catastrophe risk modelling access
26th May 2026
Verisk, a strategic data analytics and technology partner to the global insurance industry, has announced that KatRisk has agreed to join the Verisk Model Exchange as Verisk continues to develop its open catastrophe risk modelling ecosystem. Verisk said the move is aimed at increasing access to third-party catastrophe risk insights for ... Read the full article
Christian Hoffman named Aon’s global CEO of Commercial Risk
26th May 2026
Global re/insurance broker and risk advisor Aon has announced the appointment of Christian Hoffman as global CEO of Commercial Risk, effective June 1. Hoffman will leverage his 25 years of experience in the insurance and financial services industries as both a broker and underwriter to lead Aon’s global Commercial Risk business. He ... Read the full article
Frontline gets new Florida reciprocal insurer FIRE rated by KBRA
26th May 2026
Credit rating agency KBRA has assigned a BBB+ Insurance Financial Strength Rating (IFSR) to Frontline Insurance Reciprocal Exchange (FIRE), a newly formed Florida-domiciled reciprocal insurer. The Outlook for the rating is Stable. FIRE was established to write admitted Florida residential property business, focusing primarily on homeowners and fire/dwelling coverage. According to ... Read the full article
Generali unveils Redion brand for global Care platform
26th May 2026
Global insurer Generali has revealed Redion, the new brand for its global Care platform, bringing together the activities of Europ Assistance and Generali Employee Benefits (GEB) under a single identity and offering. Antoine Parisi, current CEO of Generali CARE Hub, will lead Redion as Group CEO. Redion has €5.8 billion in annual ... Read the full article
Mark Trumper succeeds Jonathan Jackson as Previsico CEO
26th May 2026
Previsico, the live flood forecasting insurtech, has announced the appointment of Mark Trumper as its new Chief Executive Officer (CEO). In this role, Trumper will be responsible for leading the company’s strategy, overseeing operational delivery, and scaling the business across the UK, while accelerating expansion into the US and other international ... Read the full article
CyberCube and UIB identify Asia as a major growth market for cyber insurance
26th May 2026
CyberCube, a provider of cyber risk analytics for the insurance industry, and United Insurance Brokers (UIB), the international Lloyd’s insurance and reinsurance broker, have released joint research examining the expansion of the cyber insurance market across Asia. In the report, Unlocking Asia’s Cyber Insurance Opportunity: The Broker’s Role in Growth, CyberCube ... Read the full article
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