Reinsurance News
AXIS expands Draper’s role to Head of AXIS Re, Haugh named Group COO
4th February 2026
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has expanded Dan Draper’s role to include serving as the Head of AXIS Re and has appointed Ann Haugh to the newly created role of Group Chief Operations Officer (COO). The appointments are part of a planned succession and leadership development process. The ... Read the full article
Industry losses from Winter Storm Fern could reach $4bn: Verisk
4th February 2026
Verisk, a global data analytics and technology provider to the insurance industry, has estimated insured industry losses to property and auto from Winter Storm Fern to reach $4 billion, largely driven by freeze impacts, with supplemental losses from wind and snow. The early results from Verisk’s updated U.S. Winter Storm Model ... Read the full article
Zurich and Beazley reach agreement on key financial terms for possible acquisition
4th February 2026
Zurich has reached an agreement in principle with Beazley on the key financial terms of a potential recommended cash offer for all existing and to-be-issued ordinary shares of the specialist insurer. Readers may recall that on January 4, 2026, Zurich submitted a proposal of 1,230 pence in cash per Beazley ... Read the full article
SCOR reports selective portfolio growth in ‘competitive’ Jan 1 pricing environment
4th February 2026
French reinsurer SCOR has disclosed its January 2026 Property & Casualty (P&C) reinsurance renewal results, reporting selective portfolio growth in a competitive pricing environment, with overall estimated gross premium income (EGPI) from traditional reinsurance rising 4.7% to €4.493 billion, complemented by an 80.5% increase in Alternative Solutions to €1.185 ... Read the full article
Sophie Wentges joins Willis Re’s Catastrophe Analytics team
4th February 2026
Sophie Wentges is joining Willis Re’s Catastrophe Analytics team, where she will support the London and Bermuda broking teams and will be based in London. Wentges has around 12 years of experience in specialty catastrophe modelling across broking and insurance. She began her career at Hiscox in London Market Property & Specialty ... Read the full article
India will inevitably require deeper & more sophisticated reinsurance support
4th February 2026
During a discussion at the third edition of the Global Reinsurance Summit 2026, industry leaders said that India's low insurance penetration, expanding infrastructure, growing catastrophe exposure, and rising demand for new solutions such as surety bonds, parametric covers, cyber and specialty risks, will inevitably require deeper and more sophisticated reinsurance ... Read the full article
Personal auto and property premiums in Canada rise YoY in Q4’25: Applied Systems
3rd February 2026
Applied Systems has released the Q4 2025 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, showing that average premium rate change increased year over year for both Personal Auto and Personal Property lines. Quarter over quarter, average premiums for Personal Auto increased in all provinces, while ... Read the full article
Minesh Jani to serve as Gallagher Re’s India CEO
3rd February 2026
Global reinsurance broking and advisory firm Gallagher Re has appointed Minesh Jani as the Chief Executive Officer (CEO) of India, effective from June 2026. Jani is a reinsurance industry veteran with over three decades of experience. Most recently, he served as the Managing Director of Howden Insurance Brokers Limited at the ... Read the full article
Artificial Labs secures $45m Series B to fuel global growth
3rd February 2026
Artificial Labs, a provider of digital broking and underwriting technology for the specialty and commercial insurance markets, has successfully closed a $45 million Series B funding round. The capital injection marks a major milestone for Artificial as it continues to grow and expand its global market presence. “This round gives us the ... Read the full article
WTW ‘very happy’ with Willis Re’s participation at Jan renewals and trajectory of build-out: Krasner, CFO
3rd February 2026
Andrew Krasner, Chief Financial Officer (CFO) and Co-head of Corporate Development at global insurance broker WTW, revealed today that the firm is happy with Willis Re's participation at the recent January 2026 renewals. After completing the sale of the treaty reinsurance operations of Willis Re to Arthur J. Gallagher & ... Read the full article
Howden enters Fiji with its newest office in Suva
3rd February 2026
Global insurance and reinsurance broker Howden has expanded its footprint to Fiji with the establishment of its newest office in Suva. The strategic expansion aligns with Howden’s long-term plan to provide innovative insurance and risk solutions tailored to the needs of clients in the Pacific region. The broker explained that this move ... Read the full article
Xceedance appoints Gavin Lillywhite as SVP, Business Development
3rd February 2026
Xceedance, a global provider of technology-driven business solutions for the insurance industry, has announced the appointment of Gavin Lillywhite as Senior Vice President (SVP), Business Development, covering the UK and continental European markets. In this role, Lillywhite will work alongside fellow SVP, Business Development, Justin Davies, as part of a strengthened ... Read the full article
Tailored insight and analytics-driven decision-making key for firms in 2026: Aon
3rd February 2026
While 2025 concluded as a “broadly supportive” year for insurance buyers, Aon has suggested that market conditions are becoming increasingly differentiated across product lines and geographies, underscoring the growing need for tailored insight and analytics-driven decision-making as organisations head into 2026. Despite generally soft conditions across many key insurance lines, Aon’s ... Read the full article
Gallagher Re names Fabrice Jerlin as Chairman for Middle East & Africa
3rd February 2026
Global reinsurance broker Gallagher Re has appointed Fabrice Jerlin as its new Chairman for the Middle East and Africa. Jerlin brings over three decades of reinsurance industry experience to this role. He joins Gallagher Re after spending most of his career at Swiss Re. Most recently, he served as Regional Manager P&C ... Read the full article
Palomar completes acquisition of Gray Surety
3rd February 2026
Specialty property insurer Palomar Holdings, Inc. has completed the acquisition of The Gray Casualty & Surety Company (Gray Surety), a national surety carrier, and has also successfully closed new unsecured financing. The acquisition was initially announced in October 2025, with Palomar agreeing to acquire Gray Surety from Bernhard ... Read the full article
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