Reinsurance News
Getlink secures €55m insurance payout for ElecLink operating losses
18th December 2025
Getlink, the company that manages and operates the Channel Tunnel infrastructure between France and the United Kingdom, has reached an agreement with its insurers for approximately €55 million in compensation for ElecLink’s operating losses following a suspension of activity in late 2024. The disruption was triggered by a fault on the ... Read the full article
Vantage to be acquired by Howard Hughes Holdings in ~$2.1bn transaction
18th December 2025
Holding company Howard Hughes Holdings Inc. has agreed to acquire 100% of specialty insurer and reinsurer, Vantage Group Holdings Ltd., for approximately $2.1 billion in an all-cash transaction, subject to customary regulatory approvals. Founded in 2020, Vantage has established itself as a global insurer and reinsurer, offering a diversified portfolio of ... Read the full article
Volt expands energy sector coverage with binder renewal and increase
18th December 2025
Volt Underwriting, the MGA formed to support clients and brokers active in the energy sector, has renewed its binder to underwrite conventional and renewable power generation and midstream risks, increasing its line size to $50 million for 2026. As part of the renewal, Volt has reportedly secured an expanded underwriting remit, ... Read the full article
Underwriting discipline important amid challenging 1/1 renewal: Bueso, MAPFRE Re
18th December 2025
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, Chief Underwriting Officer (CUO) Non-Life at Spanish reinsurer MAPFRE Re, notes that while the current market offers opportunities, the industry must avoid repeating past mistakes. Looking ahead to the upcoming renewal season, Bueso, in an interview with Reinsurance News, ... Read the full article
Amiga strengthens European transactional risks team with trio of hires
18th December 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has bolstered its transactional risks division, expanding its offering in Europe by hiring a team which includes Sam Batchelor serving as Head of Transactional Risks Europe, Meea Keziah Cabansag as an Underwriter, and George Brain on the board ... Read the full article
Convex backed MGA PRISM launches in Asia Pacific
18th December 2025
PRISM, a newly founded managing general agent (MGA) established by industry veterans and backed by Convex and Efinity Insurance Solutions (EIG), has officially launched in Singapore and Hong Kong and will begin underwriting on 18 December 2025. Bringing new capacity, technology and expertise to Asia Pacific specialty markets, PRISM will reportedly ... Read the full article
Willis Re welcomes Guy Carpenter’s Richard Keegan
18th December 2025
Richard Keegan, a property reinsurance and retrocession broking expert, has joined specialist reinsurance broker Willis Re following a nine-year tenure at Guy Carpenter. With 15 years in the industry, Keegan has dedicated his entire career in Bermuda to cultivating robust, trust-based relationships with key buyers and markets. The executive started at Aon ... Read the full article
Beazley appoints CUO Paul Bantick to Board
18th December 2025
Beazley’s Board has appointed Paul Bantick, the firm’s Group Chief Underwriting Officer, as an executive director, effective 1 January 2026. Bantick currently leads the strategic direction of Beazley’s specialist underwriting portfolio, ensuring close alignment between the group’s growth ambitions and underwriting discipline. He oversees a broad range of insurance classes, spanning property ... Read the full article
Rise of GLP-1 drugs brings substantial litigation risk: DAC Beachcroft
18th December 2025
Law firm DAC Beachcroft warns of surging product liability claims that come with the rise of popular Glucagon-like peptide-1 receptor agonists (or GLP-1s), drugs for obesity management. While drugs like Ozempic and Wegowy offer health benefits, their rapid adoption has sparked a wave of legal challenges in the United States, with ... Read the full article
Fitch’s outlook for global insurance sector is ‘neutral’ despite pockets of deterioration
17th December 2025
Fitch Ratings has assigned a ‘neutral’ global sector outlook for the insurance industry in 2026, which reflects a stable operating environment in most markets and a sector that remains resilient, despite facing increasingly challenging conditions in specific markets. While the broader picture remains stable, the rating agency noted that there are ... Read the full article
Vantage hires Steve Robb from Somerset Re as Group CFO
17th December 2025
Global re/insurer Vantage Group Holdings Ltd. has named experienced finance executive Steve Robb as its new Group Chief Financial Officer (CFO), reporting to Greg Hendrick, the company's Chief Executive Officer (CEO). Robb assumes the new role effective immediately, and will join Vantage's leadership team, serving as a strategic advisor to Hendrick ... Read the full article
Fitch upgrades Oman Re’s credit rating, assigns stable outlook
17th December 2025
Fitch Ratings has upgraded Oman Re's Insurer Financial Strength (IFS) Rating to 'BBB' from 'BBB-', assigning a Stable Outlook. According to Fitch, the upgrade reflects reduced investment and asset risk following the upgrade of the Oman's sovereign rating to 'BBB-' on 8 December 2025. The reduction in investment and asset risk were ... Read the full article
Howden strengthens M&A offering with Xianwei Lee appointment
17th December 2025
Xianwei Lee, an executive with extensive experience in cross-border transactions and deep understanding of the Asian market, has joined Howden, the global insurance and reinsurance broking group, as Head of M&A, Asia. In his new role, Xianwei will be responsible for leading the expansion of Howden's M&A capabilities throughout the region. In ... Read the full article
Insurance M&A activity set to hold pace in 2026: PwC
17th December 2025
PwC has disclosed that the insurance sector recorded $31.8 billion in M&A deals across 207 transactions between June 1 and November 30, and expects deal activity in 2026 to be broadly in line with this year. According to the firm, deal flow has remained steady over the past 12 months, as ... Read the full article
James Wilson joins ATL to lead specialty lines push
17th December 2025
Independent Lloyd’s insurance and reinsurance broker ATL has expanded into the Specialty Lines market with the appointment of James Wilson. In his new role as Director, Wilson will lead ATL’s expansion into M&A, Tax, and Capital Risks, alongside a broad range of Specialty product lines, complementing the broker’s long-standing expertise in ... Read the full article
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