Reinsurance News
APRA warns climate pressures could widen Australia’s home insurance protection gap
24th March 2026
The Australian Prudential Regulation Authority (APRA) has released its Insurance Climate Vulnerability Assessment (Insurance CVA), a prudential stress test showing how climate-driven pressures on insurance premiums could significantly widen the home insurance protection gap and weaken the resilience of Australia’s financial system. APRA’s Insurance CVA examined how home insurance coverage may ... Read the full article
JBA Risk Management launches updated Global Flood Model
24th March 2026
JBA Risk Management, a UK-based flood science specialist, has extensively updated its Global Flood Model, enhancing it with updated hazard maps, an extended range of future climate event sets, while improving processing speed and exposure disaggregation. These developments aim to enable reinsurers, insurers, brokers, risk managers, and asset managers to better ... Read the full article
Westfield Specialty promotes Katie MacGregor to COO
24th March 2026
Westfield Specialty International, a specialty insurance provider, has announced the promotion of Katie MacGregor to Chief Operating Officer (COO). In her role, MacGregor will lead operational functions across the international business — covering the UK, Middle East, and Europe — working closely with senior leadership to support growth in these markets. ... Read the full article
Mosaic Insurance reorganises underwriting hubs to support global growth
24th March 2026
Mosaic Insurance, a specialty insurer, has announced a reorganisation of two of its core underwriting hubs as part of efforts to better align international resources and support its next phase of growth. As part of the restructuring, Benn Wilson, currently CEO of Mosaic’s Singapore operations, will relocate to Dubai, UAE, to ... Read the full article
Amiga Specialty partners with AXA XL to bolster Financial Institutions offering
24th March 2026
Amiga Specialty, a specialist managing general agent (MGA), has secured a significant capacity agreement with AXA XL, which will bolster its Financial Institutions (FI) proposition and accelerate its growth across international markets. The deal focuses on providing coverage for core FI risks, including directors and officers (D&O) liability, professional liability, and ... Read the full article
‘Perfect time’ for climate-tech focus, says Dickson as OAK Global unveils new unit
24th March 2026
OAK Global is targeting the increasingly interconnected risks of climate and technology with the launch of OAK Horizon, a new underwriting unit designed to channel capital into emerging exposures, as CUO Tom Dickson points to a narrowing window to address rising volatility across sectors, including food security, energy and ... Read the full article
HDI Global’s revenue increases to €10.3bn in 2025
24th March 2026
Corporate & Specialty insurer HDI Global, part of the Talanx Group, has reported positive financial results for 2025, with insurance revenue increasing 5%, to €10.3 billion, after adjustment for currency effects. According to the insurer, the growth was primarily driven by new business and inflation-related price adjustments within existing business. Dr Edgar Puls, ... Read the full article
Gallagher Re report warns traditional insurance is failing to cover AI-related liabilities
24th March 2026
Gallagher Re, the global reinsurance broker, has released a new white paper in partnership with Massachusetts Institute of Technology and Testudo stating that existing insurance frameworks are not equipped to deal with risks arising from artificial intelligence (AI). Gallagher Re states that as businesses integrate AI systems into everyday operations, they ... Read the full article
Alacrity Solutions establishes UK presence to support Lloyd’s-placed US risks
24th March 2026
Alacrity Solutions, a US-based insurance services firm specialising in complex and catastrophe-driven claims, has launched a UK presence from within the Lloyd’s of London building to support insurers and coverholders placing US risks through the London Market. With extensive experience handling a high volume of claims across all 50 US states, ... Read the full article
AM Best maintains stable outlook on UK non-life insurance segment
24th March 2026
AM Best has maintained its stable outlook on the UK non-life insurance segment, noting that headwinds and tailwinds affecting the segment's operating environment remain broadly balanced despite elevated geopolitical risks. The ratings agency said that continued minimal economic growth and rising unemployment into 2026 mean insurers are likely to face a ... Read the full article
Ariel Re rolls out promotions across its Bermuda and London offices
24th March 2026
Global reinsurance business Ariel Re has announced several promotions across its Bermuda and London offices, reinforcing its “academy firm” approach as it continues to position itself as a place where re/insurance professionals can learn, grow, and build their careers. According to Ariel Re, this year’s promotions cover a range of roles ... Read the full article
Brit launches cargo consortium with capacity of up to $80m
24th March 2026
Specialty insurer Brit Group Holdings Limited has launched ‘BRIDGE’, a new cargo consortium offering line capacity of up to $80 million. According to Brit, the consortium is set to be one of the largest in the cargo market. The insurer explains that BRIDGE will address a range of broker and client ... Read the full article
Chaucer and Ceto partner to launch new marine MGA
24th March 2026
Global specialty re/insurance group Chaucer, and Ceto AI, a technology company specialising in predictive analytics for the maritime industry, have launched a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the agreement, Ceto is authorised to bind marine hull on behalf of Chaucer’s Lloyd’s syndicate, with additional ... Read the full article
OAK Global launches Horizon unit to target climate and technology risks
24th March 2026
OAK Global has unveiled a new cross-class strategic business unit, OAK Horizon, aimed at capturing underwriting opportunities at the intersection of climate and technology risk, backed by capacity from its existing Lloyd’s syndicates. OAK Horizon will reportedly adopt a systems-based underwriting approach, combining climate and technology considerations into portfolio construction. The unit ... Read the full article
Peak Re appoints Swiss Re’s Victor Kuk as CEO, Franz-Josef Hahn transitions to Special Advisor
24th March 2026
Hong Kong domiciled global reinsurance company, Peak Re, has hired Victor Kuk from Swiss Re to serve as its new Chief Executive Officer (CEO), taking over from Co-founder Franz-Josef Hahn, who transitions to Special Advisor after leading the firm for more than a decade. Subject to regulatory approval, Kuk will lead ... Read the full article
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