Reinsurance News
Protective Life’s leader Bielen to retire at year-end, Wells to succeed as President and CEO
15th May 2026
Daiichi Life Group's US subsidiary, Protective Life Corporation, has disclosed that its Chief Executive Officer (CEO), Rich Bielen, is set to retire at the end of 2026 and be succeeded by Paul Wells, currently President & Chief Financial Officer (CFO), as President and CEO, effective January 1st, 2027. Bielen has served ... Read the full article
Nepal drought parametric insurance payout supports families facing hunger and poverty
15th May 2026
Tearfund, the UK-based international humanitarian and development organisation, has reported what is believed to be the first drought insurance payout of its kind in Nepal, helping vulnerable families avoid severe food shortages and deeper poverty following failed harvests. The payout was triggered through a parametric insurance product developed by Global Parametrics, ... Read the full article
Santam names Hemant Gulati as Country Head and Principal Officer, GIFT City, India
15th May 2026
Africa’s largest non-life insurer, Santam Group, has appointed Hemant Gulati as Country Head and Principal Officer of its India-based operation at the Gujarat International Finance Tec-City (GIFT City), India’s first operational greenfield smart city and International Financial Services Centre, subject to regulatory approval. In his new role, Gulati will lead Santam’s ... Read the full article
ICIEC, OeKB strengthen export credit and investment risk coverage with reinsurance agreement
14th May 2026
ICIEC, a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and OeKB, acting as agent of the Republic of Austria under the Export Guarantees Act, have signed a Framework Reinsurance Agreement to strengthen export credit and investment risk coverage. This agreement, signed during the 2026 Spring Meeting of ... Read the full article
Accelerant CEO hails AI as ‘meaningful execution enabler’ amid productivity gains
14th May 2026
Speaking during Accelerant’s Q1 2026 earnings call, Co-Founder and Chief Executive Officer Jeff Radke highlighted the productivity gains the firm is achieving through its use of artificial intelligence, including the development of in-house solutions designed to reduce, and potentially eliminate, its reliance on costly third-party software systems. Having previously emphasised that ... Read the full article
Howden Asia appoints Alaric Lee and Alfred Sham to key leadership roles
14th May 2026
Global insurance broker Howden has announced a significant leadership transition for Howden Asia, appointing Alaric Lee as Chief Executive Officer, Hong Kong, and Alfred Sham as Chief Strategy Officer, Asia. Lee currently serves as Chief Commercial Officer, Asia, and will assume his new role on 1st July 2026. He brings more than ... Read the full article
MS&AD completes acquisition of 18% stake in MassMutual’s Barings
14th May 2026
Japanese insurance group MS&AD Insurance Group Holdings, through its subsidiary Mitsui Sumitomo Insurance Co., Ltd. (MSI), has completed the acquisition of an 18% equity stake in Barings, a global alternative asset management subsidiary of MassMutual. Initially announced in November 2025, the completion of the transaction establishes MS&AD as a long-term ... Read the full article
Our ability to effectively manage complex reinsurance agreements is driving growth: INTX CEO Lewis
14th May 2026
Robert Lewis, CEO of INTX Insurance Software, highlighted that the company’s assumed and ceded reinsurance products are gaining traction due to their ability to manage complex reinsurance treaties and facultative contracts, with flexibility and configurability at the core of their value proposition. INTX offers two reinsurance products: INTX Re, a purpose-built ... Read the full article
AI-powered wholesale broker Novella raises $21m for US expansion
14th May 2026
Novella, an artificial intelligence (AI)-powered wholesale insurance broker, has raised $21 million in capital to expand its presence, hire brokers, and develop its proprietary AI platform. The funding raise was led by Brewer Lane Ventures, and included Box Group; Crystal Venture Partners; SV Angel; Avid Ventures; Verissimo Ventures; Blank Ventures; and ... Read the full article
Insurance CEOs stress AI should not erode personalisation & face-to-face interaction: Sollers report
14th May 2026
Insurance leaders emphasised that artificial intelligence (AI) is fundamentally changing how insurers interact with people, stressing that the technology should enhance, rather than erode, empathy, personalisation, and face-to-face interaction, according to a recent report by Sollers Consulting. The report is based on insights from 11 CEOs of leading insurance companies worldwide. ... Read the full article
Malibu Life names Todd D. Shriber as CEO ahead of expansion plans
14th May 2026
Malibu Life, the Cayman Islands-based life insurance and reinsurance group listed on the London Stock Exchange under the ticker MLHL, has announced the appointment of Todd D. Shriber as its new Chief Executive Officer, effective 20 July 2026. Shriber will take over from Gary Dombowsky, who is stepping down from the ... Read the full article
Global multiline insurers’ earnings near peak levels in 2025: S&P
14th May 2026
S&P Global Ratings, the financial research and credit ratings agency, said the world’s largest global multiline insurers continued to post strong financial performances in 2025, supported by disciplined underwriting, solid investment returns, and resilient capital positions. In a new report, the company said the 15 global multiline insurers (GMIs) it rates ... Read the full article
Aviva sees 19% general insurance premium growth and improved CoR in Q1’26
14th May 2026
British insurer Aviva has reported general insurance (GI) premium growth of 19%, to £3.4 billion, and an improved Group undiscounted combined ratio of 94.1% for the first quarter of 2026. Comparably, in Q1 2025, the insurer reported £2.9 billion in GI premiums, and a combined ratio of 96.6%. Country-wise UK&I GI premiums ... Read the full article
Legacy market sees more complex capital relief structures: Compre CUO Bardon
14th May 2026
The legacy re/insurance market continues to evolve, with a growing shift towards purely capital relief structures that are increasingly complex and require creative, patient, long-term partners, according to Rachel Bardon, Chief Underwriting Officer (CUO) at Compre. In an interview with Reinsurance News during our visit to Bermuda, Bardon discussed the current ... Read the full article
QBE Re appoints Montassar Cherrak as Regional Head of Middle East and North Africa
14th May 2026
QBE Re, the reinsurance division of global insurance group QBE, has appointed Montassar Cherrak as its Regional Head of Middle East and North Africa (MENA). Based in Dubai, Cherrak will report to Houcine Zouaoui and will oversee QBE Re’s underwriting strategy across the MENA region. The appointment reportedly forms part of the ... Read the full article
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