Reinsurance News
Willis launches Global Digital Infrastructure Group to tackle data centre risks
26th February 2026
Building on its newly unveiled data centre risk management framework, Willis, a WTW business, has launched its Global Digital Infrastructure Group led by Alastair Swift, Head of Willis Global Specialties. According to Willis, the new group has been established to "redefine and address" the risks facing data centre owners, operators, ... Read the full article
Allianz’s Q4’25 operating profit rises 3%, FY’25 hits ‘record’ €17.4bn
26th February 2026
Global insurer Allianz has reported that its total business volume increased by 6.5% year-on-year to €45.7 billion in the fourth quarter of 2025, as operating profit across the Group rose 3% to €4.3 billion, with contributions from all segments. Group-wide, shareholders’ core net income increased by 12% year-on-year, reaching €2.7 billion ... Read the full article
West of England P&I Club names Alexis Wildman as Head of Products
26th February 2026
West of England P&I Club has appointed Alexis Wildman as Head of Products, succeeding Richard Turner, who will retire later this year following a structured handover period. In her new role, Wildman will report to Bart Mertens, the Chief Underwriting Officer (CUO), as the club continues to develop its product offering ... Read the full article
Gallagher Re appoints Roshan Perera as Head of APAC, Richard Jones as Chairman
26th February 2026
Global reinsurance broker Gallagher Re has appointed Roshan Perera as Managing Director, Head of the Asia Pacific (APAC) region, and Richard Jones as Chairman, APAC. Perera has over 25 years of industry experience across the APAC region. Most recently, he served as the leader of Gallagher Re’s APAC Strategic Solutions team. ... Read the full article
Mackay succeeds Adamczyk as HDI’s Global Head of Energy & Power
26th February 2026
HDI Global, a commercial and specialty lines insurer, has announced the appointment of Mark Mackay as Global Head of Energy & Power, effective 1 March. Mackay will be succeeding Franz Adamczyk, who is stepping back from the role after decades of developing and expanding the Energy & Power portfolio in collaboration ... Read the full article
Improved underwriting results in 2025 set stage for Fidelis’ Pelagos rebrand
26th February 2026
Alongside its full-year 2025 results, which included underwriting income of $117.2 million and a combined ratio of 94.8%, Fidelis Insurance Group has announced its intention to change its name to Pelagos Insurance Capital Limited. Fidelis explained that it expects to begin trading under the new ticker symbol (NYSE: PLGO) in May ... Read the full article
PERILS places first industry loss estimate from Victoria Bushfires at AU$786m
26th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has provided its first insurance industry loss estimate for the Victoria Bushfires, which took place from 7 to 13 January 2026 at AU$786 million. The PERILS estimate of the insurance market loss for the event is based on loss data collected from the affected ... Read the full article
AXA XL Reinsurance premiums grow 8% for FY’25
26th February 2026
The reinsurance arm of French insurer AXA’s property, casualty and specialty risk division, AXA XL Reinsurance, reported on a comparable basis an 8% year-on-year increase in gross written premiums (GWP) and other revenues to €2.6 billion for the full year 2025. This growth was supported by alternative capital and favourable price ... Read the full article
Blue Marble makes ‘largest ever’ parametric payout to smallholder farmers in Indonesia
26th February 2026
Blue Marble, a firm that provides insurance protection for underserved communities, has reportedly made the largest parametric insurance payout ever recorded to smallholder farmers in Indonesia, with all 2,719 farmers enrolled in the program receiving payouts and total claims exceeding IDR 2.4 billion. According to Blue Marble, the recent floods in ... Read the full article
Munich Re’s net result exceeds target in 2025 at over €6.1bn
26th February 2026
Global reinsurer Munich Re's net result came in above target at €6.121 billion for the 2025 financial year, with a contribution of €5.204 billion from the reinsurance business following a strong performance in property and casualty (P&C) and life and health (L&H) during the year. 2025 was the fifth consecutive year ... Read the full article
Berkshire (BHSI) elevates three leaders within property division
26th February 2026
Berkshire Hathaway Specialty Insurance (BHSI), an insurer offering commercial property, casualty, and specialty coverage, has announced key promotions across its property leadership team. Ryan Abelli and Chris Lemoine have been named Co-Heads of Wholesale General Property, while JP Ahlgren has been promoted to Senior Vice President, Property. “Ryan, Chris and JP have ... Read the full article
AM Best revises Mercury and its subsidiaries’ outlooks to stable from negative
26th February 2026
AM Best has revised the outlooks to stable from negative and affirmed the credit ratings for the members of Mercury Casualty Group (Mercury), based on Mercury’s net ultimate losses and reinsurance recoveries following the January 2025 California wildfires. The ratings agency affirmed the Financial Strength Rating of A (Excellent) and the ... Read the full article
PIC completes £60m buy-in to secure benefits for Bodycote UK Pension Scheme
26th February 2026
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has completed a £60 million buy-in for Bodycote UK Pension Scheme, securing the benefits of all 680 Scheme members. Bodycote offers specialist thermal processing services, providing essential metallurgical solutions to enhance the performance, reliability, and lifespan of crucial ... Read the full article
AXA XL adds AIG’s Carnazza as Head of Construction Property, Americas
26th February 2026
AXA XL, the property, casualty and specialty risk division of AXA, has appointed Greg Carnazza as Head of Construction Property for the Americas region. In the new role, he is based in Atlanta, and reports to Jon Tellekamp, Chief Underwriting Officer, Construction, AXA XL. Carnazza will oversee the development and execution of ... Read the full article
MSIG and IFC launch $6bn credit insurance facility to boost financing in developing nations
25th February 2026
MSIG USA and Mitsui Sumitomo Insurance Company, Limited (MSI Japan) - collectively referred to as MSIG - have partnered with the International Finance Corporation (IFC), a member of the World Bank Group, for a new insurance-backed credit facility designed to expand access to finance in emerging markets. Under the facility, MSIG ... Read the full article
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