Reinsurance News
Markel and Willis launch ‘market-first’ dedicated nuclear insurance facility
19th May 2026
Markel International, a division of Markel Insurance, the insurance operations within Markel Group Inc., and broker Willis, have launched a dedicated nuclear insurance facility described as a “market-first” initiative. The facility is designed to provide expanded, comprehensive underwriting capacity for the nuclear sector, reportedly reflecting what market participants see as growing ... Read the full article
FurtherAI names Tom Bradley to lead UK and EU operations
19th May 2026
FurtherAI, an artificial intelligence (AI) startup for insurance, has appointed Tom Bradley to lead its operations in the United Kingdom (UK) and the European Union (EU). The move marks a significant step in the firm's international expansion. FurtherAI already works with partners in the UK, and the appointment will enable it ... Read the full article
Laurent Richème to succeed Juergen Cherreck as Global CUO, Property at AXA XL
19th May 2026
Global insurer AXA’s property, casualty and specialty risk division, AXA XL, has appointed Laurent Richème to succeed Juergen Cherreck as Global Chief Underwriting Officer (CUO), Property. Cherreck, who has held his current role at the firm since October 2020, is set to retire in July after 21 years of service at ... Read the full article
Argenta appoints Simon Saunders as Unit Head Marine Reinsurance
19th May 2026
Argenta Syndicate Management Ltd, a Lloyd's managing agency, has announced the appointment of Simon Saunders as Unit Head Marine Reinsurance, effective July 2026. In his new role, Saunders will be responsible for underwriting Argenta’s marine reinsurance treaty portfolio, strengthening the business’s position in international markets and building on its established broker ... Read the full article
Jamaica secures new parametric hurricane cover via World Bank cat bond
19th May 2026
The Government of Jamaica has returned to the catastrophe bond market for a third time with an issuance from the World Bank’s International Bank for Reconstruction and Development (IBRD), renewing a key part of its disaster risk financing infrastructure after its second catastrophe bond was triggered and paid out ... Read the full article
QBE and K2 partner to expand property offering with new parametric coverage
19th May 2026
International insurer and reinsurer QBE has expanded its property offerings and included new parametric coverage through an enhanced partnership with K2. The re/insurer explains that this move is a direct result of the growth in complex catastrophic risks, which organisations are increasingly seeking innovative insurance coverage and solutions for. This collaboration builds ... Read the full article
Aon names Ben Major as Head of Cyber Broking
19th May 2026
Aon, the global professional services firm specialising in risk, retirement and health solutions, has appointed Ben Major as Head of Cyber Broking within the financial lines division of its Global Broking Centre. He brings considerable experience from the London insurance market, having worked across professional and financial lines with a strong ... Read the full article
Liberty Mutual increases stake in Liberty General Insurance JV to 74%
19th May 2026
Liberty Mutual Insurance, a property and casualty insurer, has announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74%. Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd., a group company of Liberty Mutual Insurance Group, which now holds ... Read the full article
Markel appoints Sebastian Rice as Head of Global Development, Trade Credit
19th May 2026
Markel Insurance, the insurance operation within Markel Group, has announced the appointment of Sebastian Rice as Head of Global Development – Trade Credit. In his new role, Rice will report to Phil Amlot, Global Head of Trade Credit – International, working closely with him to drive innovative, solution-led underwriting and develop ... Read the full article
VIG completes NÜRNBERGER acquisition
19th May 2026
Vienna Insurance Group (VIG), an insurance group in Central and Eastern Europe, has completed the previously announced acquisition of NÜRNBERGER Beteiligungs-AG. The process began in the summer of 2025 when VIG announced it was considering the acquisition of a majority stake in NÜRNBERGER . After concluding the due diligence process, VIG launched ... Read the full article
Rajesh Laheri to succeed V. Balkrishna as GIC Re CFO
19th May 2026
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced that its Board of Directors has accepted the resignation of V. Balkrishna as Chief Financial Officer (CFO) and Key Managerial Person. According to the announcement, the executive is retiring under the company’s Voluntary Retirement Scheme of the ... Read the full article
Climate risk insurance is becoming essential for India’s workforce: Howden India’s Huq
19th May 2026
India is grappling with intense heatwaves driven by increased climate volatility, and the people bearing the brunt of these conditions are vulnerable workers who are unable to absorb repeated income shocks, making insurance for climate risk essential rather than optional, says Mohammad Faizan Huq. Huq is the Associate President - Reinsurance ... Read the full article
Dominick Hoare to retire at year-end after more than 32 years with Munich Re
18th May 2026
Dominick Hoare, Group Chief Underwriting Officer, Munich Re Specialty, Global Markets and Active Underwriting Syndicate 457, is set to retire at the end of 2026 after more than 32 years of service. Hoare joined Munich Re, one of Europe's big four reinsurance companies, in 1994 and has held various senior underwriting ... Read the full article
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
18th May 2026
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information ... Read the full article
Augment Risk appoints Crystal Maragh to Global Parametric Specialty team
18th May 2026
Augment Risk, a reinsurance and capital solutions broker, has confirmed that Crystal Maragh has joined its Global Parametric Specialty division in Miami. In this role, she will focus on supporting growth and delivery across parametric transactions, drawing on her experience in actuarial science, parametric product development and risk analytics as part ... Read the full article
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