Reinsurance News
Florida property cat reinsurance market ‘as strong as ever’, says Aon’s Chris Dittman
29th May 2026
Chris Dittman, Executive Managing Director and Florida Practice Leader at broking group Aon, views the Florida property catastrophe reinsurance market as the healthiest and most stable it has ever been, pointing to stronger balance sheets, solid underwriting performance, increased capital levels, and continued stabilisation following recent reforms. During AM Best’s Analytical ... Read the full article
Aspen’s underwriting income hits $79.1m in Q1’26 as CoR improves
29th May 2026
Aspen Insurance Holdings has reported a sharp improvement in underwriting performance for Q1 2026, with underwriting income almost tripling year-on-year to $79.1 million as the combined ratio improved to 89.1% from 96.1% a year earlier. The global specialty re/insurer agreed to be acquired by a wholly owned subsidiary of Sompo Holdings ... Read the full article
Palomar’s earthquake reinsurance limit up to $3.92bn after June renewal
29th May 2026
Palomar Holdings, Inc., a US-based specialty insurance company focused on property and casualty coverage, has successfully completed its June 1st reinsurance placement, securing approximately $421 million of incremental limit to support the growth of its earthquake franchise. The company’s reinsurance coverage now extends to $3.92 billion for earthquake events and $135 ... Read the full article
Vishal Desai appointed as International Chief Risk Officer at MS&AD Insurance Group
29th May 2026
MS&AD Insurance Group, a major Japanese non-life insurance group with a substantial international presence, has appointed Vishal Desai to a senior global role as International Chief Risk Officer. The International business within MS&AD Insurance Group represents more than $20bn of non-life gross written premium outside Japan and remains a significant part ... Read the full article
T&Cs hold firm, catastrophe reinsurance rates down closer to 20% at mid-year renewals: KBW
29th May 2026
KBW, the investment bank and financial services research firm specialising in the insurance sector, has indicated a more challenging mid-year catastrophe reinsurance renewal environment for sellers, with pricing reductions nearer 20% than 15%, particularly for Florida-focused business, while terms and conditions (T&Cs) are seen as largely holding firm. This conclusion was ... Read the full article
Willis announces three FINEX North America leadership appointments
29th May 2026
Willis, a WTW business, has announced three leadership appointments within FINEX North America to strengthen its cyber strategy and client engagement capabilities. Annice Ma has been appointed Head of Cyber for FINEX North America. In this role, she will set the strategic direction for the cyber practice and oversee day-to-day management across ... Read the full article
Reinsurers face ‘operational inertia’ blocking AI-driven growth, says Accenture
29th May 2026
Accenture’s Stefan Sieger and Jeevan Thangudu argue that, despite strong earnings and well-capitalised balance sheets, many reinsurers are still struggling to translate favourable market conditions into sustainable, profitable growth—and to fully capture the value of artificial intelligence. The constraint, they suggest, is no longer capital, capacity or risk appetite. Instead, it ... Read the full article
Ruchi Sheth joins Niyam Group as Director – Marine & Energy
29th May 2026
Niyam Group, an Indian-focused reinsurance platform, has announced the appointment of Ruchi Sheth as Director – Marine & Energy. Sheth brings over 23 years of experience in the general insurance sector to her new role, combining deep underwriting expertise in Marine & Energy and strong commercial acumen. The executive will lead the ... Read the full article
Heritage Insurance secures more multi-year protection at reinsurance renewal
29th May 2026
Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has confirmed the completion of its 2026-2027 indemnity-based catastrophe excess-of-loss reinsurance programme for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company and Zephyr Insurance Company. The overall consolidated cost of the programme is expected to ... Read the full article
Universal adds $352m of multi-year coverage for 2026–2027 reinsurance program
29th May 2026
Universal Insurance has announced the completion of the combined 2026–2027 reinsurance program for its wholly owned insurance company subsidiaries, effective June 1, 2026. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), the two subsidiaries, set the top of the combined reinsurance tower for ... Read the full article
German multi-specialist insurance broker MAP launches with Inflexion backing
29th May 2026
Inflexion, a European mid‑market private equity firm, has invested, through its Buyout Fund VI, in the launch of Mittelstands-Assekuranz-Partner (MAP), a new German multi-specialist insurance broker. In a move to establish immediate scale, Düsseldorf-based Cremer Assekuranz has joined MAP as its first strategic partner. Founded by industry veterans Mathias Pahl and Markus ... Read the full article
Newport Specialty Partners names Mary Sbaschnig as Chief Operating and Information Officer
29th May 2026
Newport Specialty Partners, a specialty insurance platform that works with managing general agents (MGAs) and programme administrators, has appointed Mary Sbaschnig as its new Chief Operating Officer and Chief Information Officer. Sbaschnig will be responsible for leading the company’s operational and technology strategy as it continues to expand its platform and ... Read the full article
Liberty Mutual launches carrier-backed conversational AI auto insurance quoting app in ChatGPT
29th May 2026
Liberty Mutual Insurance has launched a "first-of-its-kind" carrier-backed conversational AI auto insurance quoting app that enables ChatGPT users to receive a quote in minutes through a chat-based interaction instead of a traditional online form. According to the firm, which is reportedly the 7th largest auto insurer in the US, quotes are ... Read the full article
MassMutual and Nationwide enter strategic reinsurance agreement
29th May 2026
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has reached an agreement with mutual life insurer MassMutual to reinsure a block of fixed Universal Life insurance policies with a total face value of nearly $16 billion. The policies comprise over 30,000 policyowners, and will increase Nationwide ... Read the full article
Howden Ireland acquires Opes Wealth Trust to expand advisory services
29th May 2026
Howden Ireland, the insurance intermediary and advisory business, has confirmed the acquisition of Opes Private Clients Limited, a Dublin-based financial services firm focused on financial, retirement and investment planning. Howden Ireland states that the transaction will support the continued development of its Financial Advisory team in Ireland and further strengthen its ... Read the full article
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