Reinsurance News
Berkshire (BHSI) enters Irish surety market, Sean Mulvey to lead
19th March 2026
Berkshire Hathaway Specialty Insurance (BHSI) has launched surety capabilities in Ireland and appointed Sean Mulvey to lead the new product line as Head of Surety. Based in Dublin, Mulvey brings more than a decade of surety underwriting and corporate banking experience to his new role. He joined BHSI from Advent Risk Management, ... Read the full article
Munich Re’s HSB launches AI Liability Insurance for small businesses
19th March 2026
HSB, a specialty insurer and part of Munich Re, has introduced a new liability insurance coverage that protects businesses from lawsuits arising from the use of artificial intelligence (AI) technologies. The AI Liability Insurance is designed for small and medium-sized companies, which increasingly rely on AI to boost productivity, reduce costs, ... Read the full article
Sodalis Capital acquires Amiga Specialty for £1.8m from B.P. Marsh
19th March 2026
Sodalis Capital, a B.P. Marsh portfolio company, has acquired 100% of the the issued share capital of Amiga Specialty, an independent international Managing General Agent (MGA), from B.P. Marsh, the specialist private equity investor in early-stage financial services businesses, for an initial consideration of £1.8 million. While B.P. Marsh will exit ... Read the full article
Hitesh Patel joins Pension Insurance Corporation’s Board
19th March 2026
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has welcomed Hitesh Patel as an independent non-executive director on its Board and the Board of its parent, Pension Insurance Corporation Group Limited (PICG). This announcement follows Athora Holding Ltd’s recently completed acquisition of PICG. Patel will become ... Read the full article
OAK Global appoints James Irvine and Roland Morse as Active Underwriters
18th March 2026
OAK Global has announced the appointments of James Irvine and Roland Morse to expanded roles within the business as Active Underwriters for Syndicates 2843 and 1440, respectively. Irvine and Morse will assume underwriting responsibility for their respective primary reinsurance and retrocession syndicates and will continue to report to Cathal Carr, Founder, ... Read the full article
GCC insurers’ credit conditions hold steady amid Middle East conflict: S&P
18th March 2026
S&P Global Ratings, the international credit rating agency, has stated that insurers across the Gulf Cooperation Council (GCC) are likely to maintain stable credit conditions despite the ongoing conflict in the Middle East. The agency underscores that its assessment is shaped by considerable uncertainty regarding how long the conflict will last ... Read the full article
NA P&C re/insurers maintain favourable operating returns in FY’25: Fitch
18th March 2026
Fitch Ratings’ review of 2025 GAAP financial results for 41 North American property and casualty re/insurers found that operating returns remained at favourable levels, supported by strong underwriting results and investment income growth. The group’s overall operating return on common equity was 10.9% in 2025, down from 11.1% in 2024, with ... Read the full article
Arrowhead Programs unites professional lines capabilities under new practice group
18th March 2026
Arrowhead Programs, a managing general agency that designs and administers specialty insurance programmes, has launched Arrowhead Professional, a practice group that brings together seven US offices and more than 125 underwriting, claims, and operations specialists under a dedicated leader. Together, these teams managed over $175 million in gross written premium in ... Read the full article
Renew Risk appoints Joshua Macabuag as Chief Executive Officer
18th March 2026
Renew Risk, a specialist provider of analytics focused on risks affecting renewable energy assets, has named Joshua Macabuag OBE FREng as its new Chief Executive Officer. The company develops catastrophe risk models and data tools designed to support the insurance and energy sectors in assessing and managing risks linked to renewable ... Read the full article
Hamilton Project proposes federal reinsurer ‘US Re’ to stabilise homeowners market
18th March 2026
The Hamilton Project, an economic policy initiative within the Brookings Institution that aims to advance America's economic opportunity, prosperity, and growth, has proposed a federal reinsurance entity, US Re, that would sell reinsurance contracts to providers of U.S. homeowners insurance and reinsurance to cover the most extreme weather events. The new ... Read the full article
Marsh Risk launches Bermuda-based excess casualty facility for US clients
18th March 2026
Insurance broker Marsh Risk, a business of Marsh, has launched a new Bermuda-based insurance facility, BX1, designed to deliver significant excess casualty capacity to US-based clients. BX1 provides US clients facing a demanding casualty market with a unified $50 million block of excess casualty capacity. With consolidated capacity from leading Bermuda insurers ... Read the full article
ISF supports parametric insurance scheme to protect Indonesia’s coffee and cocoa farmers
18th March 2026
The InsuResilience Solutions Fund (ISF) is co-funding the development and implementation of a national parametric insurance scheme designed to protect Indonesia’s coffee and cocoa farmers from the escalating risks of climate change. The initiative is a collaborative effort with Blue Marble Microinsurance, a London-based InsurTech company, and PT Asuransi Jasa Indonesia ... Read the full article
Fidelis Partnership CEO hails outstanding 2025 growth as written premiums hit $5.4bn
18th March 2026
The Fidelis Partnership (TFP) has reported $5.4 billion in written premiums across all capacity providers for the year ended 31 December 2025, up from $4.7 billion in 2024, with 10% organic revenue growth. Richard Brindle, Executive Chairman and CEO of TFP, hailed his firm’s outstanding growth in 2025 as a testament ... Read the full article
B.P. Marsh invests in energy-focused start-up broker Ventura
18th March 2026
B.P. Marsh & Partners Plc, an investor specialising in early-stage financial services businesses, has announced an investment in Ventura Risk Partners Holdings Limited, a newly established insurance broker focused on energy risks within the Lloyd’s and wider London insurance markets. As part of the transaction, B.P. Marsh has taken a 25% ... Read the full article
Prolonged Middle East tensions may heighten volatility in terrorism and political violence coverage
18th March 2026
While acknowledging that the re/insurance industry remains well-positioned to absorb moderate losses from terrorism and political violence due to strong capitalisation and diversified underwriting portfolios, Morningstar DBRS has warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms, and prompt more selective ... Read the full article
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