Reinsurance News
McGill and Partners announces coverage for aviation spares against war perils
27th April 2026
Global specialty insurance and reinsurance broker McGill and Partners has expanded its aviation insurance solutions to offer protection to aviation spares against war perils while on the ground. The broker is providing this coverage in tandem with certain carriers in the London market, intending to fill a "crucial" coverage gap in ... Read the full article
Canopius launches new cyber war product to protect businesses
27th April 2026
Canopius Group, an international specialty and property and casualty (P&C) re/insurance company, has launched a new cyber war product, offering businesses dedicated protection against the escalating threat of cyber war. Cyber war has evolved to the point where it can shut down operations, compromise critical systems, and undermine financial resilience. As ... Read the full article
Kuwait Re commences operations from India’s GIFT City
27th April 2026
Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) has announced that it has commenced operations from Gujarat International Finance Tec-City (GIFT City), India’s first International Financial Services Centre (IFSC). Established in 1972, Kuwait Re is a reinsurance provider with offices in Kuwait and Malaysia. The company offers life and non-life treaty and facultative ... Read the full article
Travelers plans to expand homeowners insurance availability across California
27th April 2026
Large US primary insurer, The Travelers Companies, Inc., has notified the California Department of Insurance (CDI) of its intention to expand the availability of homeowners insurance across the state by voluntarily participating in California’s Sustainable Insurance Strategy (SIS). The initiative, which is being championed by Ricardo Lara, the state's Insurance Commissioner, allows ... Read the full article
Miller grew again in 2025 with total revenues of £314m
27th April 2026
Independent specialist insurance and reinsurance brokerage, Miller, placed around $5 billion in total gross written premium during 2025, as 180 new people joined in a milestone year for the company. Gross written premium of $5 billion is up on the previous year's $4 billion, while total revenues increased by 15% to ... Read the full article
IMA Financial Group places $4bn risk programme for AI-data centre company
27th April 2026
IMA Financial Group, a North American insurance brokerage firm, has completed a $4 billion property insurance placement on behalf of a publicly traded AI and high-performance computing (HPC) data centre company. The transaction, structured through a leading global property carrier, ranks among the largest single property placements in the digital infrastructure ... Read the full article
Tributary Public Risk begins operations with specialist cover for Canada’s public sector
27th April 2026
Tributary Public Risk (TPR), a newly established insurance provider focused exclusively on public sector organisations, has formally commenced operations as the first insurer domiciled in Canada designed specifically for this market. The company was created to address the distinct risk, governance and procurement requirements of municipalities, schools, Crown agencies and other ... Read the full article
Hippo adds Stewart Ellis to its Board of Directors
27th April 2026
Home insurance group Hippo has appointed Stewart Ellis, the company's Executive Vice President and Chief Strategy Officer, to its Board of Directors, effective June 3rd, 2026. In connection with his transition to a Board role, Ellis will resign from his current position and become a consultant to the company, effective May ... Read the full article
Insurance CROs flag cybersecurity as top risk while AI and data investment surge, EY/IIF survey finds
24th April 2026
A majority of insurance chief risk officers (CROs) expect cybersecurity to require the most attention over the next 12 months, while a significant proportion also place third-party and vendor cyber risk among their top five concerns, according to findings from EY, a professional services firm. The firm reports that many CROs ... Read the full article
Active Re COO highlights MGA opportunity in Barbados
24th April 2026
Barbados is emerging as a great opportunity for the development of managing general agents (MGA), mainly due to its specialised regulatory framework and efficient business climate, according to Active Re's COO Robert Ali. Speaking at the Barbados Risk & Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, ... Read the full article
Gallagher Re says April US storm outbreaks to exceed $1bn in insured losses
24th April 2026
Gallagher Re, a global reinsurance broker and risk advisory firm, reports that a series of severe convective storm (SCS) outbreaks across central and eastern parts of the United States in April 2026 is expected to result in insured losses exceeding USD 1 billion. The broker attributes the losses primarily to large ... Read the full article
The Hartford’s momentum continues in Q1’26 as net income hits $851m
24th April 2026
The Hartford has disclosed a 36% increase in net income for Q1 2026, supported by lower catastrophe losses, higher investment income and continued premium growth across its Property & Casualty operations. Net income attributable to common stockholders reached $851 million for Q1 2026, up from $625 million in the prior-year period, ... Read the full article
Agam Capital and 1823 Partners collaborate on integrated capital and ALM capabilities for insurers
24th April 2026
Agam Capital, a global provider of insurance-related asset and liability analytics, and 1823 Partners (US) LLC, an asset management firm focused on insurance-led investment strategies, have entered into a long-term strategic partnership to support insurance companies worldwide. Agam Capital and 1823 Partners state that the collaboration is designed to provide insurers ... Read the full article
Lloyd’s Market Association & Barnett Waddingham launch AI Adoption Toolkit for MGAs
24th April 2026
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, in collaboration with Barnett Waddingham, a professional services consultancy and part of Howden, has launched an AI Adoption Toolkit to support managing agents (MGAs) in developing and strengthening governance frameworks for artificial intelligence (AI) ... Read the full article
Moody’s upgrades Peak Re’s ratings on consistent operating performance and underwriting discipline
24th April 2026
Moody’s has upgraded Peak Re’s Insurance Financial Strength Rating (IFSR) to A3 from Baa1, with the Hong Kong-based reinsurer attributing the improvement to strong fundamentals underpinned by consistently solid operating performance, disciplined underwriting, and prudent risk management. The rating agency also upgraded the backed subordinated debt rating of the perpetual subordinated ... Read the full article
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