Reinsurance News
London Market faces pivotal moment for industry’s future: Guidewire’s McDonnell
19th December 2025
As the global insurance industry enters 2026, the London Market is standing at a critical crossroads, with Lloyd’s of London under mounting pressure to redefine its strategic direction following significant leadership transitions - including the appointment of Patric Tiernan as CEO this year. Jamie McDonnell, Director of London Market at Guidewire, ... Read the full article
Gallagher Re appoints Harrison Pepper Executive Director for Marine and Energy
19th December 2025
Global reinsurance brokerage Gallagher Re has announced that Harrison Pepper will be joining its UK-Business as an Executive Director for Marine and Energy. Pepper is joining the company from rival broker Guy Carpenter, where he served as Senior Vice President, Global Marine & Energy for four years. The executive had previously also ... Read the full article
Marco completes acquisition of Dublin-based Benteler Re
19th December 2025
European P&C insurance run-off group Marco Capital Holdings has completed its previously announced acquisition of Dublin-based Benteler Re from Benteler Group. Incorporated in January 2003, Benteler Re is a non-life insurance Captive in run-off. According to Marco, the transaction has received all required regulatory approvals and is now fully closed. Simon Minshall, Marco ... Read the full article
Marsh McLennan appoints Mathews as Global Digital Infrastructure Leader
19th December 2025
Marsh McLennan has named Mike Mathews as its Global Digital Infrastructure Leader, where he will leverage the firm's combined expertise in risk, capital, and advisory solutions to serve clients in the rapidly growing sector. Mathews joined Marsh, Marsh McLennan’s global insurance brokerage and risk advisory business, in 2020 as a Managing ... Read the full article
S&P cites strengthened competitive position as Lancashire ratings upgraded to ‘A’
19th December 2025
Bermuda-based global insurer and reinsurer, Lancashire Holdings Limited, has reported that rating agency S&P Global Ratings has lifted its long-term issuer credit and financial strength ratings on the firm's core re/insurance operating subsidiaries to 'A' from 'A-'. At the same time, S&P Global Ratings has raised its long-term issuer credit rating ... Read the full article
Pazmino named EVP, Head of Marine, Chubb Overseas General Insurance
19th December 2025
Xavier Pazmino has been appointed as Executive Vice President, Head of Marine, for Chubb Overseas General Insurance (COG), Chubb's international general insurance operations, effective February 2026. Pazmino, who succeeds Andrew Williamson in the role, will oversee the growth and profitability of Chubb’s Marine portfolio internationally, including wholesale and retail operations. The executive ... Read the full article
AM Best upgrades Arch on diversification and outperformance
19th December 2025
AM Best has upgraded Arch Capital Group and its subsidiaries’ ratings, citing the firm’s strong operating performance and a proven track record of delivering superior underwriting results and investment returns, even during softer market conditions. Notably, AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from ... Read the full article
Pinkerton joins Previsico as Chief Technical Officer
19th December 2025
Previsico, a flood forecasting and real-time flood risk intelligence platform provider, has appointed Mark Pinkerton as Chief Technical Officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product development, and engineering operations, playing a key role as Previsco scales its forecasting capabilities around the world. The executive ... Read the full article
Primary casualty rates rise but reinsurance pricing remains flat: TD Cowen
19th December 2025
TD Cowen, an investment bank and financial services firm, has shared key observations on the casualty market from recent meetings in Bermuda with reinsurance participants. According to analysts, primary casualty appears to still be successfully increasing premiums, most notably in US general liability. In reinsurance, rates are generally flat, although there is ... Read the full article
Farmers secures $400m indemnity-based coverage through new cat bond
19th December 2025
Farmers Insurance Exchange and its subsidiaries and affiliates, collectively known as the Farmers Insurance Group, have closed a $400 million catastrophe bond, providing indemnity-based coverage that complements their traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners ... Read the full article
Gallagher Re hires Martin Hughes to lead new Captives Risk Transfer team
19th December 2025
Global reinsurance broker Gallagher Re has announced the launch of a new dedicated Captive Risk Transfer team within its Global Facultative practice, which will be led by Martin Hughes as Executive Vice President, Captives, effective January 1, 2026. The new practice will provide tailored facultative and structured reinsurance solutions for single ... Read the full article
Reinsurers must monitor for any T&Cs slippage amid late Jan 1 renewal: Brit’s Sullivan
19th December 2025
Amid a “very late” January 1 renewal this year, reinsurers need to remain vigilant and monitor for any terms and conditions (T&Cs) slippage, according to Jon Sullivan, Group CUO at Brit Insurance. As the market approaches the January 1 deadline, Sullivan describes the current renewal season as very late, noting that ... Read the full article
AIG partners with Amwins and Blackstone to launch new Lloyd’s syndicate
19th December 2025
AIG, in partnership with Amwins and funds managed by Blackstone, is launching a new Lloyd’s syndicate, Syndicate 2479, featuring a novel structure that brings together a specialty distributor, an insurer and a Lloyd’s platform backed by third-party capital. Syndicate 2479 is expected to begin underwriting on January 1, 2026, with an ... Read the full article
The Clear Group’s co-founder Howard Lickens to retire
19th December 2025
Insurance broker The Clear Group has announced the retirement of Howard Lickens, the founder of the business with Gary O’Donnell, at the end of this year. Lickens has been instrumental in shaping Clear since its formation in 2001. Over the last two decades, this instrumental involvement has helped lay the strong ... Read the full article
Hong Kong’s non-life insurance segment profitable amid market challenges: AM Best
19th December 2025
Hong Kong’s non-life insurance industry has consistently achieved profitable underwriting over the past five-year, driven by the performance in the general liability and property damage lines of business, according to a new AM Best report. Accident & health (A&H) coverage remained the largest contributor to gross written premiums (GWP) during the ... Read the full article
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