Reinsurance News
MGA Banyan Risk deploys hx’s full agentic underwriting suite
26th March 2026
hyperexponential (hx), a pricing and underwriting decision platform for commercial P&C re/insurance, has partnered with Banyan Risk, marking the first deployment of hx’s full agentic underwriting suite by an MGA across the US, UK, Canada and Bermuda markets. The hx platform is expected to now sit at the core of Banyan’s underwriting ... Read the full article
DUAL promotes Scott Sayce to Group Chief Commercial Officer
26th March 2026
DUAL Group, an international specialist underwriting agency, has announced the promotion of Scott Sayce to Group Chief Commercial Officer (CCO), effective 1st April 2026. In his new role, Sayce will report to Richard Clapham, CEO of DUAL Group, and he will also join the DUAL Group Executive Committee. He brings more than ... Read the full article
Agentic AI poised to shape both offensive and defensive cyber measures: Munich Re
26th March 2026
With the use of agent-based AI becoming mainstream, Munich Re has suggested the technology is poised to shape the scope, speed and precision of offensive and defensive cyber measures alike. The global reinsurer’s recently released report, Cyber Insurance: Risks and Trends 2026, has highlighted a world defined by geopolitical tensions, armed ... Read the full article
Farmers Insurance appoints John Pham as Chief Strategy & Risk Officer
26th March 2026
Farmers Insurance, the largest property casualty insurer headquartered in California, has appointed John Pham as Chief Strategy & Risk Officer, reporting to Raul Vargas, Chief Executive Officer of Farmers Group. Pham will work across the enterprise to help translate strategy into measurable business outcomes, with a focus on execution discipline, operational ... Read the full article
LIRG provides QS reinsurance for DLT Alert’s embedded parametric cyber warranty rollout
26th March 2026
Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has provided $15 million in quota-share (QS) reinsurance for New York-based managing general agent DLT Alert. The reinsurance supports the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution system providers. The first programme is ... Read the full article
Corebridge and Equitable to merge in all-stock deal valuing combined company at $22bn
26th March 2026
Corebridge Financial, Inc., an American multinational financial services company, and Equitable Holdings, Inc., a financial services holding company, have entered into a definitive agreement to combine in an all-stock merger, valuing the combined company at approximately $22 billion, based on the closing stock prices of each company as of March ... Read the full article
Safety concerns not insurance availability halting Strait of Hormuz, LMA clarifies
26th March 2026
Reduced vessel traffic in the Strait of Hormuz is not because of insurance availability, but because of safety concerns, the Lloyd’s Market Association (LMA) has clarified in a recent statement. The LMA stated: “Three weeks since the start of the hostilities in the Middle East, we are still seeing reports that ... Read the full article
Industry veteran Chris Jones joins Pinion Insurance as Group CFO
26th March 2026
Pinion Insurance, a newly-formed, technology-enabled specialty insurer, has announced the appointment of Chris Jones as Group Chief Financial Officer (CFO), effective immediately. Jones is now part of a founding leadership team of Chief Executive Officer, Neil McConachie, Group Chief Underwriting Officer, Philip Vandoninck, and Group Chief Technology Officer, Laura Baird. He has ... Read the full article
Allianz Jio Re commences operations in India
26th March 2026
Allianz Jio Reinsurance Limited (Allianz Jio Re), the joint venture of Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V., has commenced its operations, including underwriting reinsurance in India, effective immediately. Allianz Jio Re, led by Sonia Rawal as Chief Executive Officer (CEO), combines ... Read the full article
BPL appoints Edouard Huberdeau as Director to strengthen global credit insurance expertise
26th March 2026
BPL, an independent broker in credit and political risk insurance (CPRI), has appointed Edouard Huberdeau as Director as part of its ongoing global expansion. Huberdeau will be based across BPL’s Geneva and Paris offices, focusing on developing tailored credit insurance solutions, including surety, for current clients. He will also support new ... Read the full article
Willis and Circle Asia launch new art insurance facility for collectors and galleries in Asia
26th March 2026
Willis, a WTW business, has partnered with Circle Asia to launch a new art insurance facility designed specifically for individual collectors and art galleries in Asia, the first of its kind in the region. The facility combined specialist arts insurance expertise from Willis and Circle’s digital platform to deliver a seamless ... Read the full article
SiriusPoint partners with property MGA Steadily
26th March 2026
Specialty underwriter SiriusPoint has partnered with property managing general agent (MGA) Steadily, one of the largest landlord insurance specialists in the US, to provide underwriting capacity. Founded in Texas in 2020 to address gaps in rental property insurance, Steadily provides tailored insurance solutions for real estate investors and now operates across ... Read the full article
Everest hires AXIS Re’s Jason Busti as Head of North America Treaty Reinsurance
26th March 2026
Everest Group, a Bermuda-based insurance and reinsurance company, has appointed Jason Busti as its new Head of North America Treaty Reinsurance, tasked with leading the treaty reinsurance business across the US, Bermuda, and Canada. Busti will report to Jill Beggs, Executive Vice President and Chief Executive Officer of Reinsurance, and will ... Read the full article
Pacific Life survey finds AI improving efficiency as underwriting faces talent gap
26th March 2026
Pacific Life, a US-based provider of life insurance and annuity products, has released findings from its 2026 Underwriting Outlook Survey, offering insight into how underwriting is evolving across the life insurance sector. Pacific Life reported that the survey gathered responses from more than 100 senior underwriting and insurance executives and was ... Read the full article
Raja Sengupta joins Verisk as President of Life Solutions
26th March 2026
Verisk, a global data analytics and technology provider to the insurance industry, has announced the appointment of Raja Sengupta as president of its Life Solutions business, effective immediately. Sengupta will be leading Verisk’s Life Solutions team in delivering data analytics, software and AI-powered solutions that help life and annuity insurers modernise ... Read the full article
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