Reinsurance News
Arrowhead Programs establishes Arrowhead Public Entity practice group
16th March 2026
Arrowhead Programs, a managing general agency that designs and administers specialty insurance programmes, has announced the formation of Arrowhead Public Entity, a practice group dedicated to public-sector insurance. The new group combines public-sector capabilities from seven existing Arrowhead businesses. Together, these businesses reported a combined gross written premium exceeding $1 billion ... Read the full article
Kestrel sees net income hit $46.7m in 2025 amid premium growth
13th March 2026
Kestrel, a specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported net income of $46.7m for the full year 2025, driven by strong premium growth and a significant accounting gain tied to a bargain-purchase transaction. For 2025, Kestrel generated total revenues of $34m, compared ... Read the full article
Mapfre raises ROE target to above 13% and sets improved CoR for 2026
13th March 2026
Mapfre, a global insurance company, has raised the ambitions of its Strategic Plan for 2026, lifting its ROE target to above 13% and setting its combined ratio target between 93% and 94%. Mapfre’s Annual General Meeting approved the accounts for the 2025 financial year, a record year for the company, with ... Read the full article
Withdrawal of Persian Gulf war risk cover viewed as credit negative for exposed US marine insurers: Fitch
13th March 2026
Fitch Ratings, the international credit rating agency, said the withdrawal of hull war risk marine insurance coverage in the Persian Gulf is expected to be credit negative for US property and casualty insurers with significant exposure to Gulf shipping routes. Fitch notes that the move is likely to have broadly neutral ... Read the full article
AI-related risks rank highest for long-term emerging risks among C-Suite
13th March 2026
According to a survey jointly published by the Casualty Actuarial Society and the Society of Actuaries, 60% of C-suite respondents said technological and economic risks will have the greatest impact on their organisations in the next three years or more, with AI adverse outcomes among the most impactful risks. The survey ... Read the full article
European insurance M&A activity rises 14% in 2025: FTI Consulting
13th March 2026
Activity levels within the European insurance M&A market remain strong, with 789 transactions announced in 2025 across the insurance brokerage, managing general agent, insurance service provider and carrier sectors, up 14% compared with 694 deals in 2024, according to analysis by FTI Consulting. However, FTI Consulting’s latest European Insurance M&A Barometer ... Read the full article
Talbot appoints Don Chu as Head of Catastrophe Management
13th March 2026
Talbot Underwriting, an international specialty insurance and reinsurance company and part of AIG, has announced the appointment of Don Chu as Head of Catastrophe Management in London. In his new role, Chu will work closely with teams across the business to support the management of Talbot’s catastrophe risk across all syndicates, ... Read the full article
Insured losses from March 10-12 US SCS outbreak to land in the billions of dollars: Gallagher Re
13th March 2026
Initial estimates suggest that insured losses from the March 10-12 US severe convective storm (SCS) outbreak will land in the low to mid-single-digit billions of dollars, with total economic losses poised to be 20-25% higher, according to reinsurance broker Gallagher Re. The March 10-12 SCS outbreak hit more than a dozen ... Read the full article
Gallagher India strengthens liability practice with three leadership appointments
13th March 2026
Gallagher India has strengthened its liability practice with three new leadership appointments, including Mayank Sharma as National Head – Liability. The firm has also named Jyoti Krishnan as Chief Legal Officer and National Head – Liability & Specialty Claims, and Sunny Goel as Strategic Business Leader – Liability & Renewable Energy. Sharma ... Read the full article
Losses to global reinsurance market from Middle East conflict limited for now: AM Best
13th March 2026
AM Best has suggested that losses to the global reinsurance market from the ongoing conflict in the Middle East are limited so far, and would typically take the form of single large losses. AM Best's report noted that war risks are commonly excluded from policies but are offered as riders on ... Read the full article
Price Forbes Re hires Bruce Ford as Chief Commercial Officer Asia & Head of MGA
13th March 2026
Bruce Ford joined reinsurance broker Price Forbes Re in March 2026 as the firm's Chief Commercial Officer Asia and Head of MGA, following more than two years with specialist re/insurance broker, Miller Insurance Services. In his new role with Price Forbes Re, Ford leads the development of the reinsurance broker's MGA ... Read the full article
AM Best upgrades credit ratings of CapSpecialty Insurance Group members
13th March 2026
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) for members of CapSpecialty Insurance Group (CapSpecialty), with the outlook revised to stable from positive. The members consist of Capitol Indemnity Corporation, Capitol Specialty Insurance ... Read the full article
Jorge Colomer named CEO of Mapfre Asset Management
13th March 2026
Mapfre, an international insurance company, has announced the appointment of Jorge Colomer as Chief Executive Officer of Mapfre Asset Management (Mapfre AM). Mapfre AM is the asset management arm of Mapfre Group and has more than 30 years of experience managing investments. Headquartered in Spain, Mapfre AM manages over €40 billion ... Read the full article
Ascot appoints Shanelle Burke as US Chief Financial Officer
13th March 2026
Ascot, a global specialty insurance and reinsurance group, has announced the appointment of Shanelle Burke as U.S. Chief Financial Officer. In her new role, Burke will join Ascot’s U.S. leadership team, overseeing finance operations, strategy, capital management, regulatory engagement, and enterprise decision support. She brings more than two decades of insurance industry ... Read the full article
DUAL North America and AXIS increase surety programme capacity
13th March 2026
Insurers DUAL North America and AXIS Capital Holdings Limited have expanded the capacity of their surety programme partnership after its first year of operations in the market. DUAL North America, the specialist underwriting arm of the global Howden Group, said it is increasing its surety programme capacity in response to rising ... Read the full article
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