Reinsurance News
1089 collaborates with Price Forbes & Oka to launch carbon asset insurance framework
27th February 2026
1089 Inc., a carbon asset infrastructure company, has collaborated with Price Forbes and Oka to introduce a carbon asset insurance framework for the transportation and energy sectors. The framework is designed to bring institutional safeguards, disciplined financial architecture, and verifiable data integrity to carbon markets. It offers defined risk coverage for 1089’s ... Read the full article
Oman Re and Gallagher Re support new mandatory nat cat cover for motor insurance
27th February 2026
The Sultanate of Oman has introduced mandatory natural catastrophe coverage within the Unified Motor Insurance Policy, the first such initiative in the Gulf Cooperation Council (GCC) region, developed through close collaboration with Oman Re, Gallagher Re, and the Oman Insurance Association. Driven by the Financial Services Authority, the new framework became ... Read the full article
Gen AI could unlock $50-$70bn in insurance revenue, estimates McKinsey & Company
27th February 2026
McKinsey & Company, a management consulting firm, argues that artificial intelligence (AI) represents one of the most significant opportunities for value creation within the insurance industry. In its analysis, McKinsey & Company maintains that the sector’s structural characteristics, including fragmented workflows and extensive repositories of structured and unstructured data, position it ... Read the full article
The Baldwin Group sees total revenue increase 8% to $1.5bn in 2025
27th February 2026
Following what it described as a “year of significant progress” in 2025, The Baldwin Group has reported total revenue of $1.5bn, an increase of approximately 8% year on year, and authorised a $250m share repurchase programme. Despite the top-line improvement, Baldwin recorded a GAAP net loss of roughly $54 million for ... Read the full article
Bishop Street Underwriters gets $125m funding from White Mountains
27th February 2026
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has received a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. Recently, in its 2025 result announcement, Bishop Street disclosed that it surpassed $650 million in gross written premium while having a sub-50% portfolio loss ratio. Earlier this ... Read the full article
Geopolitical shifts present strategic challenges and opportunities, says Marsh
27th February 2026
Marsh, a firm specialising in risk, reinsurance, capital, and management consulting, has highlighted the growing challenges posed by an accelerating geopolitical transition. According to Marsh, this period represents a level of complexity not seen in decades, with implications for trade, finance, conflict, and digital infrastructure. Marsh suggests that organisations that view this ... Read the full article
Exzeo Group announces flood insurance partnership with Tokio Marine Highland
27th February 2026
Exzeo Group, Inc., a technology-driven insurance distribution and services company, has announced a strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln, an international specialty insurer. Through this agreement, Exzeo will distribute TMH2O, Tokio Marine Highland’s primary residential flood insurance product. The addition of TMH2O expands ... Read the full article
VIG Re becomes an Associate Member of the SRA
27th February 2026
VIG Re, the reinsurance arm of Vienna Insurance Group, has announced that it has become an Associate Member of the Singapore Reinsurers’ Association (SRA). Established in 1979, the SRA plays a key role in fostering dialogue, professional excellence, and collaboration across the re/insurance industry. VIG Re said that joining the association marks ... Read the full article
Despite some taking more risk, Swiss Re’s ‘share of wallet didn’t reduce’ at Jan renewal: CEO Berger
27th February 2026
Although some large buyers of reinsurance decided to take more risk at the January 1st renewal season, global reinsurer Swiss Re's share of wallet in the market didn't reduce as buyers still need lead reinsurance partners, according to Andreas Berger, Group Chief Executive Officer (CEO) at Swiss Re, one of ... Read the full article
Marc Roston joins Hamilton’s Board of Directors
27th February 2026
Hamilton Insurance Group Ltd., a Bermuda-based insurer and reinsurer, has announced the appointment of Marc Roston to its Board of Directors as a shareholder director by Magnitude Capital, LLC. Roston replaces Hawes Bostic, who has served on the Hamilton Board since 2022 and is currently Chief Investment Officer at Magnitude Capital. Roston ... Read the full article
Saudi Re’s revenue increases 48% in 2025, net profit stands at SAR 140m
27th February 2026
MENA-region reinsurer Saudi Re has announced its financial results for the full year 2025, reporting SAR 1.67 billion in revenue, a 48% increase compared to the same period of the previous year. According to the firm, this growth was supported by expansion across multiple business lines, both domestically and internationally. While revenue ... Read the full article
Swiss Re to nominate former Hannover Re CEO Henchoz to serve as Board member
27th February 2026
Global reinsurer Swiss Re's Board of Directors plans to nominate Jean-Jacques Henchoz, the former Chief Executive Officer (CEO) of large reinsurer Hannover Re, for election as a new, Non-Executive and Independent member of the Board. The appointment is expected to last for a one-year term. Simultaneously, Larry Zimpleman, who has served ... Read the full article
Miller to acquire Dubai-based reinsurance broker Shields
27th February 2026
Specialist re/insurance broker Miller has agreed to acquire Shields Reinsurance Brokers Limited (Shields), an independent reinsurance broker based in Dubai, subject to regulatory approval. According to Miller, the acquisition of Shields is highly complementary to its re/insurance strategy and broader multinational expansion, further strengthening its established footprint across the EMEA market. The ... Read the full article
Brit’s profits hit $651.8m in 2025 as Bermuda reinsurance platform expands
27th February 2026
Brit Insurance has disclosed its results for 2025, highlighting profits for the year of $651.8m, an increase of 36.2% from 2024, while insurance premiums written expanded to $3.09bn from $2.98bn. Brit also reported a return on net tangible assets of 28.8% for 2025, up from 25.8% in 2024. The combined ratio after ... Read the full article
PERILS ups industry loss estimate for Queensland & New South Wales storms to AUD 2.95bn
27th February 2026
PERILS, the Zurich-based catastrophe insurance data provider, has increased its insurance industry loss estimate for the Queensland and New South Wales Severe Convective Storms (SCS) that occurred 21 to 27 November 2025, to AUD 2.95 billion. This second estimate compares to the initial loss estimate of AUD 2.663 billion issued ... Read the full article
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