Reinsurance News
PERILS lowers Australia east coast SCS loss estimate to AUD 1.502bn
1st May 2026
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its third industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) of late October 2025, placing the loss at AUD 1.502 billion. The event impacted the states of Queensland, New South Wales and Victoria between 26th October and 1st ... Read the full article
Willis outlines North America leadership changes as part of Newfront integration
1st May 2026
Willis, an insurance brokerage and advisory business, has announced a set of senior leadership appointments across North America. The changes are presented by Willis as part of its plans to support continued growth and to progress the integration of Newfront, a specialty broker known for its use of technology. Willis attributes these ... Read the full article
Arch navigates competitive property cat market, sees growth opportunities in casualty
30th April 2026
Global insurer and reinsurer Arch Capital's outlook for the midyear renewals for property catastrophe reinsurance suggests a competitive market, signalling a possible strategic adjustment in response to expected rate decreases. During the company’s latest earnings, call Arch’s CEO Nicolas Papadopoulo commented on the property cat reinsurance space: “We don't have a ... Read the full article
Hannover Re US appoints Kelly Rabin as SVP and Chief Actuary
30th April 2026
Hannover Life Reassurance Company of America (Hannover Re US) has announced the appointment of Kelly Rabin as Senior Vice President and Chief Actuary, effective 1st May 2026. She succeeds John Di Meo, who was appointed Executive Vice President and Chief Financial Officer on 1st January 2026. In her new role, Rabin will ... Read the full article
Everest better positioned today than it has been in years, says CEO
30th April 2026
Jim Williamson, president and CEO of Everest Group, said Q1 underscored what the “new Everest” can deliver, describing the company’s position as its strongest in years and expressing confidence in its trajectory. The Bermuda-based global reinsurance company generated net income of $653 million in Q1 2026, an increase of more ... Read the full article
USQRisk appoints Swiss Re’s John Levy as Global Head of Structured Reinsurance
30th April 2026
USQRisk, part of Ryan Specialty's Alternative Risk division, has hired John Levy from Swiss Re, one of Europe's big four reinsurers, as Global Head of Structured Reinsurance. USQRisk, through its two core business divisions, Alternative Risk and Facilities, structures, prices and places specialty re/insurance for corporate and re/insurer clients, and also ... Read the full article
The Hanover announces Q1’26 net operating income of $186.8m, CoR at 91.7%
30th April 2026
The Hanover Insurance Group, Inc., a property and casualty insurer, has announced its financial results for the first quarter of 2026, reporting a net operating income of $186.8 million, up from the $128.2 million reported in the same period the year. The company achieved a combined ratio of 91.7% in Q1 ... Read the full article
Howden Re strengthens cyber reinsurance team with five appointments amid rising global demand
30th April 2026
Howden Re, part of Howden, has made five new appointments to its cyber reinsurance division as it continues to respond to rising demand from clients around the world. According to Howden Re, the expansion supports the ongoing development of its cyber reinsurance capabilities, including establishing a dedicated presence in the United ... Read the full article
Ategrity underwriting income rises as CoR improves to 87.4% in Q1’26
30th April 2026
Ategrity Specialty Insurance Company Holdings has reported an underwriting income of $13.3 million for the first quarter of 2026, up 86.6% from $7.1 million in the same quarter a year prior, with a combined ratio of 87.4%, down from 90.9%. The company attributed the improved combined ratio to improvements in both ... Read the full article
Jensten names Jaime Swindle as CEO, Product & Distribution
30th April 2026
Jensten Group, a provider of insurance services in the UK, has appointed Jaime Swindle to the newly created role of Chief Executive Officer (CEO) of Product & Distribution, subject to regulatory approval. This appointment follows the recent restructuring of the insurer’s executive leadership team and splitting the businesses into two ... Read the full article
Allstate’s Q1’26 revenue hits $16.9bn as strong underwriting drives $2.4bn profit
30th April 2026
Allstate has disclosed total revenues of $16.9 billion for Q1 2026, up $489 million from the same quarter of 2025, while net income increased to $2.4 billion, reflecting strong underwriting results. Meanwhile, Allstate's policies in force reached 212 million in Q1 2026, reportedly reflecting increased growth in auto and homeowners insurance ... Read the full article
WTW delivers 8% revenue increase for Q1’26
30th April 2026
Global insurance broker WTW achieved an 8%, or 3% on an organic basis rise in revenue in the first quarter of 2026 to more than $2.4 billion, as income from operations jumped 4% year-on-year to $448 million in a solid quarter for the company. Excluding the impact of foreign currency, revenue ... Read the full article
Mohammed Al Rowais to lead Lockton’s new reinsurance business in Saudi Arabia
30th April 2026
Lockton, an independent insurance broker, has secured its reinsurance licence in the Kingdom of Saudi Arabia, a move that marks the next phase of the company’s geographical expansion. Chris Brown, CEO, Lockton International, stated: “This licence strengthens our offering and ensures we are meeting clients where they need us, in Saudi ... Read the full article
Willis Re hires Richard Jones from Gallagher Re to lead Asia operations
30th April 2026
Richard Jones is set to join Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, from Gallagher Re in October 2026, subject to all regulatory approvals, to lead the reinsurance broker's Asia operations from Singapore. Jones is a seasoned and respected practitioners in the region, ... Read the full article
ACORD report highlights profitability gap driven by digital execution among global insurers
30th April 2026
ACORD, the international body responsible for insurance data standards, has released its 2026 Insurance Digital Maturity Study assessing how digital capability is being translated into business performance across the sector. The analysis covers 210 of the world’s largest insurers across property and casualty, life, and reinsurance lines, and identifies that only ... Read the full article
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