Reinsurance News
MassMutual and Nationwide enter strategic reinsurance agreement
29th May 2026
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has reached an agreement with mutual life insurer MassMutual to reinsure a block of fixed Universal Life insurance policies with a total face value of nearly $16 billion. The policies comprise over 30,000 policyowners, and will increase Nationwide ... Read the full article
Howden Ireland acquires Opes Wealth Trust to expand advisory services
29th May 2026
Howden Ireland, the insurance intermediary and advisory business, has confirmed the acquisition of Opes Private Clients Limited, a Dublin-based financial services firm focused on financial, retirement and investment planning. Howden Ireland states that the transaction will support the continued development of its Financial Advisory team in Ireland and further strengthen its ... Read the full article
CrowdStrike expands Project QuiltWorks with major insurance partners to address frontier AI financial risk
29th May 2026
CrowdStrike, a cybersecurity company, has announced an expanded phase of its Project QuiltWorks initiative, with the update extending the framework beyond frontier artificial intelligence security risk management to also cover related financial exposure. A key development in this expansion is the involvement of leading cyber insurance providers Coalition, Liberty Mutual Insurance, ... Read the full article
Hadron names Ed McGough as CIO, Liesel Carvajal as Group General Counsel
29th May 2026
Hadron, a hybrid carrier that provides insurance capacity and fronting services to managing general agents (MGA) for specialty insurance coverage, has appointed Ed McGough as Chief Information Officer (CIO), and Liesel Carvajal as Group General Counsel. These appointments align with the firm's long-term growth plans, bringing the legal, regulatory, and technology ... Read the full article
AM Best places Labuan Re’s ratings under review following MNRB acquisition plan
29th May 2026
AM Best has placed Labuan Reinsurance (L) Ltd’s (Labuan Re) (Malaysia) Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) under review with developing implications. This action follows the announcement on 19th May 2026 that MNRB Holdings Berhad (MNRB) entered into a conditional share purchase ... Read the full article
Federal insurance backstop to boost Canada’s resilience to earthquake risk: Morningstar DBRS
28th May 2026
Morningstar DBRS, a credit rating agency focused on financial institutions and insurance, together with the Property and Casualty Insurance Compensation Corporation (PACICC), a Canadian industry-funded organisation that supports property and casualty policyholders, and the Insurance Bureau of Canada (IBC), the national industry association representing private property and casualty insurers, examine ... Read the full article
Global P&C insurance market stabilises as aggressive rate hikes fade: Allianz Research
28th May 2026
The global property and casualty (P&C) insurance market is moving from a pricing boom towards normalisation after a period of aggressive rate hikes, according to Allianz Research’s latest "Global Insurance Report." The insurer's data shows that global P&C premiums grew by +3.8% in 2025, well below both the prior year's +8.5% ... Read the full article
SCOR gets $75m of multi-year nat cat reinsurance with latest cat bond
28th May 2026
SCOR, the France-based global reinsurance group, has completed the sponsorship of a new catastrophe bond, Atlas Capital DAC Series 2026-1, securing USD 75 million in multi-year protection against a range of natural catastrophe risks. The issuance provides cover for named storms across the United States and the Caribbean, earthquakes in the ... Read the full article
Convex receives in principle approval to launch long-tail specialty lines focused syndicate at Lloyd’s
28th May 2026
Convex Group Limited, the international specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on 1st July 2026, subject to regulatory approvals. With capacity to support Convex’s approved business plan, Syndicate 1987 will focus exclusively on long-tail specialty lines, deploying ... Read the full article
The Fidelis Partnership introduces ‘Analyst’ role to develop underwriters of the future: O’Hare & Davern
28th May 2026
The Fidelis Partnership has replaced the traditional ‘Underwriting Assistant’ title with ‘Analyst’ to reflect a shift towards developing future underwriters focused on innovation, faster decision-making, and client relationships, as AI increasingly automates menial administrative tasks. In an interview with Reinsurance News, Michael Davern, UK CUO, Group Head of D&F Property, Energy ... Read the full article
Strait of Hormuz disruption adds pressure to marine and specialty markets, says Howden Re
28th May 2026
Howden Re, the reinsurance arm of broking group Howden, has released analysis on the Strait of Hormuz situation, stating that while global reinsurance capacity remains solid, conditions are tightening across marine, energy and political violence lines as geopolitical instability in the region continues. The firm notes that these developments are influencing ... Read the full article
APAC’s construction insurance market supported by abundant capacity and insurer ambition
28th May 2026
Global re/insurance broker and risk advisor Aon's new report on global construction insurance in the Asia Pacific (APAC) region has disclosed that the market remains growth-oriented, supported by abundant capacity, insurer growth ambitions, and improved reinsurance performance. According to Aon’s report, 2026 Global Construction Insurance and Surety Market Report for Asia ... Read the full article
Gallagher introduces parametric flood cover for golf courses in partnership with FloodFlash
28th May 2026
Insurance broker and risk adviser Gallagher has developed a new parametric insurance solution aimed at helping golf courses mitigate financial disruption caused by flooding and severe weather. The product has been created in collaboration with FloodFlash, a NormanMax company that specialises in sensor-based parametric flood cover. Gallagher highlights that intense rainfall, storms, ... Read the full article
Legacy roundtable: Leaders debate a transitioning retrospective marketplace
28th May 2026
In partnership with global reinsurance giant Swiss Re, Reinsurance News hosted a retrospective roundtable around the 2026 annual meeting of the legacy insurance and reinsurance sector in Brighton earlier this month. Stakeholders from across the evolving space discussed opportunities, challenges, and key market trends. The latest Reinsurance News Legacy Market Roundtable, ... Read the full article
AI risk becoming a governance, liability and insurability challenge: Willis
28th May 2026
The growing integration of artificial intelligence (AI) is introducing new challenges around accountability, liability and insurability, with the rate of adoption outpacing existing AI governance frameworks, according to Willis’ latest Risk & Resilience Review. Willis noted that AI is embedded across workflows, from reading claims files and shaping underwriting judgement to ... Read the full article
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