Reinsurance News
Extreme weather in Australia costs insurers $3.5bn in 2025: ICA
23rd January 2026
According to new data from the Insurance Council of Australia (ICA), extreme weather events have resulted in almost $3.5 billion in insured losses from 264,000 claims in 2025. Of these losses, the costliest was Ex-Tropical Cyclone Alfred, which accounted for 132,000 claims and more than $1.5 billion in insured losses. Severe hailstorms ... Read the full article
Fidelis secures $75m of reinsurance protection with latest cat bond
23rd January 2026
Fidelis Insurance Bermuda Limited (FIBL), part of Fidelis Insurance Group, has successfully placed a new catastrophe bond, providing its parent with annual aggregate, industry-loss triggered protection against losses from earthquakes affecting the United States and the District of Columbia. The new catastrophe bond was placed through the issuance of Series 2026-1 ... Read the full article
Hannover Re appoints Prateek Maheshwari as CFO, India Branch
23rd January 2026
Hannover Re, a global reinsurer operating across property and casualty, life, and health lines, has announced the appointment of Prateek Maheshwari as Chief Financial Officer of its India Branch. Maheshwari has been part of Hannover Re since 2017, when he joined the India Branch as Finance Manager. Prior to his current appointment, ... Read the full article
Fitch Ratings: US P&C market to soften further in 2026 as competition intensifies
23rd January 2026
Fitch Ratings, the credit rating agency, expects the US property and casualty (P&C) insurance market to face continued softening through 2026. According to the analysis, the US P&C insurance market is set to become more competitive in 2026, with abundant capital and easing pricing continuing to weigh on premium growth. As rate ... Read the full article
Everest Group names Christopher Kujawa as Chief Human Resources Officer
23rd January 2026
Everest Group, Ltd., an underwriting organisation offering reinsurance and specialty insurance solutions, announced the appointment of Christopher Kujawa as Executive Vice President and Chief Human Resources Officer, effective January 20, 2026. Kujawa will report to Jim Williamson, President and Chief Executive Officer, and will become a member of Everest’s Executive Leadership ... Read the full article
James Pearce joins BMS Cyber team as Senior Broker
23rd January 2026
BMS, an independent insurance and reinsurance broker, has announced the appointment of James Pearce as a Senior Broker, Cyber, reporting to Daniel Leahy, Cyber Practice Leader. Pearce brings to his new role extensive experience in the placement of complex Cyber Liability, Tech Errors & Omissions (E&O) and Cyber Property Damage risks ... Read the full article
Willis flags emerging risks for defence industry amid surging demand
23rd January 2026
The defence industry is experiencing surging demand amid an increasingly volatile geopolitical landscape, but is constrained by lagging production, economic nationalism, fiscal fragility, and supply chain risks, according to a new report from Oxford Analytica and Willis, a WTW business. The report draws on in-depth interviews with senior executives across the ... Read the full article
AIG names Neil Smallcombe President of Lexington Insurance Company
23rd January 2026
Global insurer American International Group (AIG) has announced the promotion of Neil Smallcombe as President, Lexington Insurance Company, the firm’s U.S. surplus lines insurer. In his new role, Smallcombe will leverage his over two decades of industry experience to lead Lexington’s A&E, Casualty, Healthcare and Western World businesses. He will also work ... Read the full article
IMAC reports continued strength in Cayman’s captive insurance sector for 2025
22nd January 2026
The Insurance Managers Association of Cayman (IMAC), the representative body for Cayman’s captive insurance and reinsurance sector, has released an update pointing to continued expansion in the jurisdiction, following the Cayman Islands Monetary Authority’s (CIMA) fourth-quarter 2025 licensing figures. IMAC has reported that Cayman’s captive insurance industry maintained a strong upward ... Read the full article
AXA XL forms dedicated Alternative Risk Solutions team in Americas
22nd January 2026
AXA XL has launched a dedicated Alternative Risk Solutions (ARS) team, appointing Sylvain Bouteillé as its leader. In addition to leading the newly established ARS team within AXA XL's Large Commercial business segment, Bouteillé will continue to serve as Chief Underwriting Officer, Specialty in the Americas. He joined AXA XL in August ... Read the full article
Geoeconomic uncertainty presents opportunities to help businesses thrive: Marsh CEO
22nd January 2026
John Q. Doyle, President and CEO of Marsh, has stated that today’s geopolitical and geoeconomic uncertainties create real opportunities for the firm to leverage its broad capabilities to help businesses navigate and thrive in challenging times. Speaking with Bloomberg at the ongoing World Economic Forum in Davos, Doyle said that business ... Read the full article
Willis strengthens FINEX business in the Pacific with Eden Fletcher & Stephen Trickey
22nd January 2026
Willis, a WTW business, has strengthened its Financial, Professional and Executive Risks (FINEX) business in the Pacific with the appointments of Eden Fletcher as Head of FINEX, Pacific, and Stephen Trickey as Head of Growth, Pacific. Fletcher succeeds Jill Stewart following her retirement from Willis after eight years with the company. Fletcher ... Read the full article
RLI’s underwriting income climbs to $71m for Q4’25 with 82.6% CoR
22nd January 2026
Specialty insurer RLI Corp. has reported an underwriting income of $70.9 million for the fourth quarter of 2025 (Q4’25) with a combined ratio (CoR) of 82.6%, compared to $22.2 million and 94.4%, respectively, in Q4 2024. RLI has posted a solid set of results for the final quarter of 2025, as ... Read the full article
Descartes launches parametric product suite for data centres
22nd January 2026
Descartes Underwriting has announced a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery. The growing capacity demands of generative AI and other cloud computing services has led to ... Read the full article
Premium renewal rates up YoY across nearly all major commercial lines in Q4: Ivans
22nd January 2026
Ivans, a division of Applied Systems, has released the fourth quarter of 2025 results for the Ivans Index, showing that the average premium renewal rate change for all major commercial lines of business, except Workers’ Compensation, increased year over year. Quarter over quarter, average premium renewal rates increased for General Liability, ... Read the full article
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