Reinsurance News
CFC appoints John Howard as Chair of its Board of Directors
18th May 2026
CFC, a specialist insurance provider centred on emerging risks and recognised as a market leader in cyber insurance, has appointed industry veteran John Howard as Chair, subject to regulatory approval. Howard has over three decades of industry experience, including a solid track record in the US specialty, CFC's biggest distribution market ... Read the full article
Lloyd’s warns AI is amplifying evolving cyber risk vectors and uncertainty in coverage exposure
18th May 2026
In Lloyd’s Q2 Market Message, Rachel Turk, Chief of Performance & Strategy, warned that cyber risk vectors continue to evolve, with artificial intelligence adding a further layer of complexity and uncertainty, both through its use by threat actors and in raising emerging questions around potential coverage. Lloyd's has classified the cyber ... Read the full article
The Fidelis Partnership rolls out AI-enabled Broker Connect with Howden as first partner
18th May 2026
The Fidelis Partnership (TFP) has announced the launch of Broker Connect, a new capability within its underwriting platform designed to significantly automate and streamline the pre-bind submission process for complex risks, with Howden as the first broking partner to go live via ACORD ADEPT. TFP explained that ACORD ADEPT is one ... Read the full article
Somerset Re is uniquely positioned to focus on both small and large transactions, says CEO Danish Iqbal
18th May 2026
Danish Iqbal, Chief Executive Officer at Somerset Re, said the life reinsurer is uniquely positioned in the market, being highly rated with a very strong balance sheet among players focused on smaller blocks of business, while also having the expertise, track record, and financial strength to focus on larger transactions. In ... Read the full article
Guy Carpenter appoints Andrew Hare as MD & Head of Growth, APAC
18th May 2026
Global reinsurance broker Guy Carpenter has appointed Andrew Hare as Managing Director and Head of Growth, Asia Pacific. In his new role, Hare will focus on accelerating sustainable, profitable growth across the region by aligning client strategy, market opportunity, and Guy Carpenter’s global capabilities. He is a senior reinsurance and insurance executive ... Read the full article
TWIA requires a further $1.23bn of reinsurance to meet 2026 risk transfer needs
18th May 2026
After successfully pricing its latest catastrophe bond, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis, the Texas Windstorm Insurance Association (TWIA) now requires around $1.23 billion of fresh reinsurance to fulfil its risk transfer requirements for 2026. We reported back in February that the TWIA board adopted ... Read the full article
Willis launches integrated risk and insurance solution for carbon capture
18th May 2026
Willis, a WTW business, has announced the launch of a new Carbon Capture and Storage (CCS) insurance solution. The fully integrated insurance suite has been designed specifically to support developers and operators across the entire carbon dioxide capture, transportation, and storage value chain. According to the announcement, the new solution adapts upstream ... Read the full article
Howden Re expands Swiss operations and leadership structure across DACH region
18th May 2026
Howden Re, the reinsurance, capital markets and strategic advisory division of Howden, has announced further changes to its Swiss platform and leadership team as the company continues to strengthen its presence across Europe. The company said Switzerland remains a strategically important market and highlighted its ongoing efforts to build on the ... Read the full article
OdysseyRe appoints Gromellon and Serres as Co-CUOs, EMEA
18th May 2026
Odyssey Reinsurance Company (OdysseyRe), the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Tegwen Gromellon and Anne-Claire Serres as Co-Chief Underwriting Officers (CUO) of its Europe, Middle East and Asia (EMEA) division, effective July 1st, 2026. The pair take over ... Read the full article
Generali and ECMWF formalise European partnership on climate risk and resilience
18th May 2026
The European Centre for Medium-Range Weather Forecasts (ECMWF), the European intergovernmental organisation specialising in weather and climate forecasting, has entered into a Memorandum of Understanding with international insurer and asset manager Generali to expand the use of quality-assured climate information in support of climate risk resilience across Europe. The agreement strengthens ... Read the full article
Cyber attacks drive £3.7bn in shareholder litigation costs for UK businesses, Gallagher research finds
18th May 2026
Cyber attacks generated an estimated £11.7 billion in losses for large UK businesses during 2025, with shareholder litigation making up £3.7 billion of the total cost, according to new research from Gallagher, the international insurance brokerage, risk management and consulting firm, in partnership with the Centre for Economics and Business ... Read the full article
Aon unveils digital trading platform for Follow line business in the London Market
18th May 2026
Aon has unveiled plans to launch Aon Digital Placement Exchange (Aon DPX), a new digital trading platform that will modernise Follow Line business placement in the London Market by using structured data and algorithmic trading to connect brokers, capital and risk more efficiently. The platform is scheduled to go live for ... Read the full article
Novatae appoints Brian Voorhees as MD of Personal Lines
18th May 2026
Novatae Risk Group (Novatae), the wholesale insurance business of World Insurance Associates, has announced the appointment of Brian Voorhees as Managing Director (MD) of Personal Lines. In his new role, Voorhees will lead Novatae’s personal lines business and will be responsible for setting strategic direction, driving growth, and delivering strong operational ... Read the full article
Markel introduces new media and entertainment coverage to professional liability offerings
18th May 2026
Markel, the insurance operations within Markel Group Inc., has expanded its professional liability offerings for insurance protection against fast-evolving creative, digital and professional risks. The enhanced ProSolutions portfolio, a suite of professional liability products designed for specialised risks, aims to eliminate insurance blind sports. By consolidating multiple coverage needs into a streamlined ... Read the full article
Michelle Hubicki appointed Director of Reinsurance at Incline P&C
18th May 2026
Incline P&C Group, a property and casualty insurance programme platform based in Austin, Texas with more than $2 billion in gross written premium, has announced the appointment of Michelle Hubicki, AFIS, as Director of Reinsurance. In her role at Incline P&C Group, she will be responsible for leading the execution of ... Read the full article
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