Reinsurance News
Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon
12th June 2026
Total economic and insured losses related to the severe weather outbreaks that affected a large swath of the northern and central United States and southern Canada on June 5 - 11 will likely reach single-digit billions USD, according to Aon’s recent Weekly Cat Report. Between June 5 and June 8, a ... Read the full article
Glen Riddell succeeds James Beedle as SRA Chair
12th June 2026
The Singapore Reinsurers’ Association (SRA) has announced its new leadership team following a recent Executive Committee meeting, including the appointment of Glen Riddell as Chair, succeeding James Beedle. Established in 1979, the SRA is an industry trade association representing financial institutions licensed by the Monetary Authority of Singapore (MAS) to transact ... Read the full article
Growing private market links increase interconnectedness across European financial institutions: S&P
12th June 2026
S&P Global Ratings, the global credit ratings, research and risk analysis provider, has reported that expanding private markets are creating closer links between banks, insurers and alternative asset managers across Europe, increasing interconnectedness within the financial system. In a report published on the 11th of June 2026, Private Market Nexus Increases ... Read the full article
QBE adds Christopher Harris as Independent Non‑Executive Director
12th June 2026
International insurer and reinsurer QBE has appointed Christopher Harris as an Independent Non‑Executive Director to the QBE Group Board, effective July 6th, 2026, subject to regulatory approvals. Currently, Harris serves as the Chair of QBE Capital. He has held this position since May 9th, 2025, and played a key role in ... Read the full article
Descartes and Nextpower launch parametric insurance solution for extreme wind conditions
12th June 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, and Nextpower™, a provider of solar and power technology solutions for utility-scale power plants, have partnered to launch an integrated parametric insurance solution for extreme wind conditions. By leveraging site-level wind data from Nextpower meteorological stations, this ... Read the full article
Willis Re expands leadership team with two senior appointments in London and Bermuda
12th June 2026
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has appointed Jonathan Ogilvie as Global Head of Non-Marine Specialties and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately. Willis Re said Ogilvie, based in London, and Dart, based in Bermuda, will lead their ... Read the full article
New Zealand’s NHC secures record NZ$12.3bn reinsurance programme
12th June 2026
For 2026, the Natural Hazards Commission Toka Tū Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection, which is a 20%, or $2.1 billion increase from last year's NZ$10.3 billion programme. The cover will provide substantial financial protection for New Zealand homeowners in the event of a major natural ... Read the full article
Aon names Steve Dando as Chief Broking Officer for its Global Broking Center
12th June 2026
Global professional services firm Aon has appointed Steve Dando as Chief Broking Officer for its Global Broking Center (GBC), effective 1 July. As Chief Broking Officer, Dando is responsible for shaping the broking strategy for the London-based GBC, Aon's wholesale and specialty broking business. He will reportedly strengthen market relationships while leading ... Read the full article
Beach Point launches insurance solutions initiative led by Louis DiFranco
12th June 2026
Beach Point Capital Management LP, a global alternative investment firm, has launched a strategic insurance solutions initiative focused on expanding its engagement with insurance companies and delivering tailored investment solutions across its platform. The initiative reflects Beach Point's continued commitment to serving institutional investors through specialised expertise and dedicated client solutions. The ... Read the full article
BILTIR appoints Todd Coslow as Director of Policy & Regulation
12th June 2026
Bermuda International Long Term Insurers and Reinsurers (BILTIR), an association representing Bermuda-based long-term insurers and reinsurers, has announced the appointment of Todd Coslow as Director of Policy & Regulation. In his new role, Coslow will lead BILTIR’s engagement on regulatory and legislative matters affecting Bermuda’s long-term re/insurance sector. He will work closely ... Read the full article
Duck Creek introduces multi-country layer enhancements as part of global expansion
12th June 2026
Duck Creek Technologies, a provider of software for the property and casualty insurance industry, has announced the expansion of its global platform strategy and support for insurers operating across international markets. Building on its commitment to help carriers scale globally, Duck Creek introduced enhancements to its Multi-Country Layer architecture and announced ... Read the full article
Blake Gleeson joins Gallagher Australia as Chief Client Officer
12th June 2026
Blake Gleeson has been appointed to the newly created role of Chief Client Officer for Gallagher Australia, based in Perth, effective June 1, 2026. Gleeson will leverage his three decades of industry experience to help strengthen client experience and deliver greater consistency across sectors as the business continues to grow nationally. Gleeson ... Read the full article
US commercial insurance rates up 2.5% in Q1’26 amid softening trends: WTW
11th June 2026
According to global insurance and reinsurance broker WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS), commercial insurance rates across the US increased 2.5% in the first quarter of 2026, the third consecutive quarter of moderating rate rises. Year-on-year, US commercial insurance rates fell from the aggregate price increase of 5.3% seen ... Read the full article
Lauren Pratscher joins Aon as Middle Market Chief Broking Officer
11th June 2026
Aon, a global re/insurance broker and risk advisor, has announced the appointment of Lauren Pratscher as Chief Broking Officer for the company’s Middle Market P&C broking operation. Pratscher brings over two decades of industry experience to her new position, having most recently served as Head of Casualty Placement at Newfront - ... Read the full article
DXC to leverage Anthropic’s Claude for mission-critical enterprise systems
11th June 2026
DXC Technology, a global technology firm with a specialism in insurance and reinsurance, has entered into a multi-year global partnership with Anthropic, an artificial intelligence (AI) safety company and creator of Claude. Through this joint initiative, DXC has become one of the few Global Premier partners in the Claude Partner Network, ... Read the full article
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