Reinsurance News
Munich Re Specialty launches Australian insurance operations with focus on four key sectors
2nd November 2026
Munich Re Specialty, the specialist insurance division of global insurance and reinsurance provider Munich Re Group, has officially launched its primary specialty insurance operations in Australia, offering coverage across property, construction and engineering, mining, and surety. The company said the move marks a further stage in its international expansion strategy, with ... Read the full article
Large EMEA reinsurer profitability to decline over 2026-2027 but still cover cost of capital: S&P
2nd November 2026
Large EMEA-based reinsurers’ underwriting margins and overall profitability are likely to decline over 2026-2027 as pricing softens further, but they should remain sufficient to cover the sector’s cost of capital, according to S&P. In a new report outlining performance trends for 50 rated EMEA-based publicly listed or debt-issuing re/insurers, S&P found ... Read the full article
Saudi Re’s net profit rises 6% to SAR 32.6m in Q3’26
2nd November 2026
Saudi Reinsurance Company (Saudi Re) has reported net profit after Zakat of SAR 32.6 million, up 6% from SAR 30.7 million in the same period a year earlier. Saudi Re attributed the year on year increase in net profit to balanced performance across its domestic and international markets. For the first nine ... Read the full article
Marsh reveals plans to become first international broker to provide captive insurance services in Bahrain
2nd November 2026
Global professional services firm Marsh has revealed it intends to expand its capabilities in Bahrain to include captive insurance management services, reportedly making it the first international broker to provide such services in the Kingdom. The announcement was made during the fourth edition of Gateway Gulf, held on 1–2 November 2026 ... Read the full article
Gallagher Re to automate binder exposure data cleaning for cat modelling with Scrub AI partnership
2nd November 2026
Global reinsurance broker Gallagher Re has partnered with Scrub AI, the AI-powered insurance data ingestion platform, to automate the processing of property binder bordereaux and exposure data for catastrophe modelling. Gallagher Re handles extensive datasets from coverholders and programs globally, which arrive in varying structure and granularity. Historically, preparing these inputs ... Read the full article
SRA launches AI handbook to guide reinsurance sector
2nd November 2026
As AI creates new opportunities across the insurance value chain, the Singapore Reinsurers’ Association (SRA) has launched its Reinsurers’ Artificial Intelligence Handbook at the 22nd Singapore International Reinsurance Conference (SIRC), providing practical guidance for underwriting, claims, and risk professionals. The SRA said a working group of members from its Technical and ... Read the full article
PwC adds Nick Wilks as UK Insurance Leader, succeeding Alex Bertolotti
2nd November 2026
PwC, a global network of firms providing audit, consulting and advisory services, has appointed Nick Wilks as UK Insurance sector leader. In his new role, Wilks succeeds Alex Bertolotti, who has led the practice for more than five years. Wilks will lead PwC’s UK insurance practice and work with clients across ... Read the full article
Willis Re completes BMS Re US acquisition
2nd November 2026
Specialist international reinsurance broker Willis Re has completed its previously announced acquisition of BMS Re US, the US reinsurance arm of independent broker BMS Group, for an undisclosed sum. The acquisition aims to bolster Willis Re's broking capabilities and secure a strong platform for its planned US growth, enhancing its ... Read the full article
Corgi Insurance names First Insurance co-founder Josh LaRiccia as Head of Distribution
2nd November 2026
Corgi Insurance, a technology-focused commercial insurance carrier that uses artificial intelligence across its operations, has appointed Josh LaRiccia to lead its distribution activities as Head of Distribution. The appointment will see LaRiccia take responsibility for expanding the company's presence across the US insurance market and developing partnerships with managing general agents ... Read the full article
Swiss Re focused on maintaining a strong, well-diversified portfolio as APAC risk landscape shifts: Ziswiler
2nd November 2026
In a recent interview with Reinsurance News around the Singapore International Reinsurance Conference (SIRC), Anna Ziswiler, Head of Property and Casualty (P&C) Reinsurance SID, Swiss Re, emphasised that the reinsurer is focused on maintaining a strong, well-diversified portfolio in the Asia Pacific (APAC) region as the firm works to help ... Read the full article
European Windstorms Austen and Boelo to cause hundreds of millions in insured losses, says Aon
2nd November 2026
Aon, a global professional services firm providing risk, retirement and health solutions, has reported that two successive windstorms, Austen and Boelo, which brought damaging winds and heavy rainfall to parts of Western Europe between 22 and 25 October 2026, will likely lead to economic and insured losses in the hundreds ... Read the full article
Howden Re urges insurers to combine catastrophe models with independent risk analysis
2nd November 2026
Howden Re, a global reinsurance intermediary and specialist risk analytics adviser, has examined how the latest advances in catastrophe modelling could influence the way insurers and reinsurers assess exposure, manage portfolios and make reinsurance purchasing decisions. According to Howden Re, as model developers introduce more up-to-date climate data and revised approaches ... Read the full article
RiverStone International completes $1.6bn LPT reinsurance transactions with QBE
30th October 2026
Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The transactions were announced in August, and cover North American Middle Market and Workers’ Compensation portfolios, and also European liability books. Completion further strengthens the long-standing ... Read the full article
Chubb bolsters its Global Claims team
30th October 2026
Chubb, a global property and casualty insurance company, has appointed Lisa Wilson as Head of North America Claims, Jamie Trish as Global Claims Operations Officer, and Norm Rafsol as Global Claims Technical Director, within its Global Claims team. The trio will report to Kevin Rampe, Senior Vice President, Global Claims Officer, ... Read the full article
Everest advances commercial retail exit with sale of Chile insurance operations to AIG
30th October 2026
Everest Group, Ltd., a global specialty insurer and reinsurer, has entered into a definitive agreement to sell its Chilean insurance subsidiary, Everest Compañía de Seguros Generales Chile S.A. (Everest Chile), to American International Group, Inc. (AIG). Everest Chile serves corporate and upper-middle-market clients, with a portfolio that includes property, energy, marine, ... Read the full article
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