Reinsurance News
Rokstone announces three key leadership promotions
19th March 2026
Rokstone, an international specialty re/insurance managing general agent (MGA), has announced three new leadership appointments, including Nadine Kearney’s promotion to Chief Underwriting and Risk Officer. Kearney will also join the Rokstone Board as an SMF3 executive director. “This newly created role reflects not just the complexity of our growing business, but also ... Read the full article
Secondary perils account for 92% of global insured losses in 2025: Swiss Re
19th March 2026
Although global insured losses in 2025, at $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including wildfires, severe convective storms (SCS) and floods, accounted for a record 92% of the total, according to a new report from Swiss Re Institute. Contributing $40 billion to the 2025 total, the ... Read the full article
Newline Group appoints Christopher Moy as Head of Professional Indemnity
19th March 2026
Newline Group, a specialty insurance provider, has announced the appointment of Christopher Moy as Head of Professional Indemnity. In his new role, Moy will be based in London and will report to Andy Pecover, Chief Underwriting Officer at Newline Group. He brings more than a decade of underwriting experience. Moy joined Newline ... Read the full article
Lloyd’s delivers 10% profit increase as 2025 GWP hits £57.9bn
19th March 2026
Lloyd's, the specialist insurance and reinsurance marketplace, generated profit after tax of £10.6 billion in 2025, an increase of $1 billion on the prior year, as gross written premium (GWP) rose by 4.2% year-on-year to £57.9 billion, reflecting new participation in the market and continued expansion by existing syndicates. The world's ... Read the full article
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
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