Reinsurance News
PIC completes £230m buy-in with Peel Ports Final Salary Pension Scheme
22nd December 2025
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has concluded a £230 million buy-in with the Trustee of the Peel Ports Final Salary Pension Scheme. As one of the UK’s largest port operators, Peel Ports Group handles over 70 million tonnes of global cargo for its ... Read the full article
Gallagher bolsters Private Equity and M&A team with Hughes appointment
22nd December 2025
Specialist corporate M&A tax advisor Tom Hughes has been appointed as Director of Tax Insurance within Gallagher's rapidly expanding Private Equity and M&A (PEMA) practice across EMEA, effective January 5th, 2026. Based in the UK, Hughes, a chartered accountant by profession and specialist tax advisor for the last decade, will be ... Read the full article
KBW expects property cat reinsurance rates to decline 15-20% at 1/1
22nd December 2025
Analysts at KBW expect risk-adjusted property catastrophe reinsurance rates to decline by 15–20% during the January 2026 reinsurance renewals, with the relatively “late” season pointing to overall decreases approaching 20%. KBW stated that unchanging per-occurrence attachment points reflect generally sustained reinsurer discipline. Reinsurers broadly anticipate at least adequate catastrophe reinsurance results ... Read the full article
Al Wathba Insurance secures access to Lloyd’s of London
22nd December 2025
Al Wathba Insurance has become the first UAE-based insurer to secure access to the Lloyd’s of London market via the London Bridge 2 PCC structure. This strategic move, finalised through Cell 27 of the London Bridge 2 PCC, an insurance-linked securities (ILS) structure, marks a significant evolution in Al Wathba’s growth ... Read the full article
Long-term perspective to guide Everest through future cycles: Beggs
22nd December 2025
Everest's Jill Beggs has said that in 2026 her firm will continue to seize emerging opportunities while delivering strategically and economically sustainable outcomes, with its long-term, disciplined perspective having guided the company through past cycles and expected to do so in the years ahead. In a recent interview with Reinsurance News, ... Read the full article
MAPFRE restructures asset management company
22nd December 2025
Spanish insurance company MAPFRE has announced it is restructuring MAPFRE AM, its asset management company, by creating new departments and redefining responsibilities. As part of this move, MAPFRE has created a strategic project development and innovation area, which will integrate initiatives already underway, such as the incorporation of the Aladdin technology ... Read the full article
PointBridge and Aspen launch admitted physicians professional liability program
22nd December 2025
PointBridge, a managing general underwriter (MGU) specialising in professional liability insurance, has partnered with re/insurer Aspen to launch a new admitted physicians medical malpractice program. The new professional liability program for physicians and surgeons, offering modern and competitively priced coverage, is scheduled to launch on January 1, 2026, across the United ... Read the full article
BMS appoints Charlie Emkes as Director of Commercial D&O
22nd December 2025
BMS, an independent insurance and reinsurance broker, has announced the appointment of Charlie Emkes to the newly created role of Director of Commercial Directors and Officers (D&O) Solutions, effective January 2026. In his new role, Emkes will advance the firm’s commercial D&O strategy and lead new business development efforts in coordination ... Read the full article
AM Best places Vantage ratings under review following HHH acquisition
22nd December 2025
AM Best has placed Vantage Risk Ltd. (Bermuda) and its affiliates’ credit ratings under review with developing implications, following the announcement that Howard Hughes Holdings (HHH) will acquire Vantage Group from Carlyle and Hellman & Friedman. These include the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings ... Read the full article
Permira and Warburg Pincus-led investor group acquires Clearwater for $8.4bn
22nd December 2025
Clearwater Analytics (CWAN) has agreed to be acquired by an investor group led by Permira and Warburg Pincus, with participation from Temasek, in a transaction valued at approximately $8.4 billion. The deal also has key support from Francisco Partners. Following a process that included engagement with strategic and financial sponsors, the ... Read the full article
Pinpoint obtains Lloyd’s of London coverholder approval
22nd December 2025
Pinpoint UK Solutions Ltd, part of AM Specialty Insurance Group (ASIG), has received Lloyd’s of London approval to operate as an authorised coverholder, strengthening its UK and London Market presence and enabling direct access to Lloyd’s via a locally established underwriting platform to support long-term growth across specialty insurance lines. "This ... Read the full article
Canada Life completes £189m pension buy-in for healthcare sector scheme
22nd December 2025
Canada Life, an insurance and financial services company, has completed a full-scheme buy-in transaction worth £189 million with an unnamed pension scheme in the healthcare sector. This deal successfully secures the future retirement benefits of over 1,100 deferred members and over 600 members with pensions in payment. The buy-in is the result ... Read the full article
Insurance agents prioritise real-time data over traditional workflows: Ivans
22nd December 2025
Real-time risk appetite information is the number one factor influencing carrier selection, signalling a move away from legacy priorities like policy downloads, according to Ivans’ 2025 Insurance Agency-Carrier Connectivity Trends survey report. “This year’s report uncovers a clear perspective from agencies: automation and real-time data from carriers are essential ingredients for ... Read the full article
India’s reinsurance sector on the verge of a surge in 2026: Howden’s Singhal
22nd December 2025
India’s reinsurance sector is poised for significant growth in 2026, fuelled by government initiatives, the issuance of new insurance licences, and the emergence of GIFT City as a pioneering financial hub, according to Prateek Singhal, Executive President & Head of Reinsurance, Howden India. This will come as no surprise to frequent ... Read the full article
Everest names Carter as Head of NA Re Claims as Parker takes over as Head of Intl. Re Claims
19th December 2025
Global insurance and reinsurance company, Everest Group, has named Tim Carter as Head of North America Reinsurance Claims, and James Parker as Head of International Reinsurance Claims. Carter has been with Everest Reinsurance Company since March 2008, and in March 2019, was appointed as Vice President Claims before assuming the position ... Read the full article
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