Reinsurance News
APAC reinsurance capacity surges as supply outpaces demand at Jan 1 renewals: Guy Carpenter
5th January 2026
Guy Carpenter experts from the Asia Pacific region have shared their insights on the reinsurance renewals for January 1, 2026, highlighting the region’s favourable results for the year with lower than average cat losses. Tony Gallagher, CEO Asia Pacific noted that for the past three years, Guy Carpenter has seen a ... Read the full article
Travelers completes sale of Canadian personal & majority of commercial arm to Definity
5th January 2026
The Travelers Companies, Inc., a provider of property and casualty insurance, has completed the sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately $2.4 billion. The sale was initially announced in May 2025. Travelers has retained ... Read the full article
Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics
2nd January 2026
Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. The announcement was made by ERGO International AG, the segment managing the group’s international business ... Read the full article
ASR renews Baobab Consortium with increased capacity of up to $26m per risk
2nd January 2026
Africa Specialty Risks (ASR), a re/insurance group specialising in Africa and the Middle East, has announced the renewal of Baobab, the first Lloyd’s Consortium focused exclusively on Africa, with an increase in capacity of up to USD 26 million per risk. The Baobab Consortium, launched on January 1, 2025, is ... Read the full article
Skyward Specialty completes acquisition of Apollo for $555m
2nd January 2026
Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialist insurer, has completed its acquisition of Lloyd’s specialist Apollo Group Holdings Limited at the previously agreed terms. Launched in 2009, Apollo is a US-focused specialty underwriting platform operating at Lloyd’s of London. It offers products across Property, Casualty, Marine, Energy ... Read the full article
Aon President and CEO Greg Case’s employment agreement extended
2nd January 2026
The Board of Directors of global insurance and reinsurance broking group, Aon, has approved an extension of President and Chief Executive officer (CEO), Greg Case's employment agreement through December 31st, 2030. Case has been with the broking giant for more than 21 years, having joined the firm as President and CEO ... Read the full article
US casualty reinsurers prioritise portfolio diversification and long-term relationships at 1.1: Guy Carpenter
2nd January 2026
In a notable reversal of recent market trends, the January 1, 2026, reinsurance renewal cycle saw difficult casualty placements being traded for property positions - the exact opposite of the trade seen just three years ago, according to a recent Guy Carpenter report. The casualty reinsurance renewals had nuanced outcomes based ... Read the full article
Great American’s Environmental Division collaborates with División Daños México
2nd January 2026
Great American Insurance Group’s Environmental Division has announced its collaboration with its División Daños México. This partnership marks a significant expansion of the Group’s specialised environmental capabilities, bringing dedicated pollution liability coverage to the Mexican market. The collaboration is designed to equip businesses in Mexico with a strong protection against the complex ... Read the full article
WISE restructures reinsurance and specialty team
2nd January 2026
WISE Insurance Services Co., Ltd., a Korean insurance and reinsurance advisory and brokerage firm, has implemented a restructuring of its Reinsurance Team, effective January 1st, 2026. As part of this restructure, the Reinsurance Team has been renamed the R&S (Reinsurance & Specialty) Team. This move aims to support WISE’s next phase ... Read the full article
2026 expected to be another healthy environment for reinsurers: Mowery, Gallagher Re
2nd January 2026
In an interview with Reinsurance News, Lara Mowery, Chief Commercial Officer at reinsurance broker Gallagher Re, said that while profitability may moderate, she sees no reason to expect 2026 to be anything other than a healthy environment for writing reinsurance. We spoke with Mowery around the launch of the broker’s January ... Read the full article
Avishek Rath joins Aon’s Facultative Reinsurance Solutions team in India
2nd January 2026
Avishek Rath has been appointed as Head of Growth for global broker Aon’s Facultative Reinsurance Solutions in India. Leveraging the firm’s global network and advanced data analytics, Rath is committed to provide bespoke risk transfer solutions for high-value and complex risks. “I start the new year with clarity of purpose and sharp ... Read the full article
2026 renewal sees sharpest decline in risk-adjusted global property rates since 2014: Howden
2nd January 2026
Howden's January 1 2026 reinsurance renewal report has revealed that risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by an average of 14.7%, accelerating from an 8% fall in 2025 and marking the largest year-on-year reduction since 2014. According to the report, most areas of the market recorded price decreases at the January ... Read the full article
Property cat rates down 10-20% at 1.1 with buyers focused on “down pricing”, says Gallagher Re
2nd January 2026
Risk-adjusted property catastrophe pricing reduced by 10% to 20% on average at the January 1st, 2026, reinsurance renewals, with many buyers focused on "down pricing" rather than "up risking", according to reinsurance broker Gallagher Re's latest 1st View report. The report highlights greater availability of reinsurance capacity, which created more choice, ... Read the full article
XS Global appoints Phillip Brain as Regional A&H Underwriting Manager
2nd January 2026
XS Global, an independently owned managing general underwriting (MGU) platform, has announced the appointment of Phillip Brain as Regional Accident & Health (A&H) Underwriting Manager. Brain brings more than two decades of global experience in Accident & Health, with deep expertise across leadership, underwriting, and distribution. Prior to joining XS Global, he ... Read the full article
AM Best maintains stable outlook on NZ’s non-life insurance sector
2nd January 2026
Credit ratings agency AM Best is maintaining a stable outlook on New Zealand’s non-life insurance sector, citing stronger economic conditions, rising insurance demand, enhanced reinsurance capacity, and ongoing regulatory improvements. These factors have reinforced market discipline, yet operational challenges, cost pressures from regulatory changes, and persistent climate risk concerns remain significant. The ... Read the full article
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