Reinsurance News
Allstate estimates $563m in cat losses for June
16th July 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $563 million, or $445 million after tax, for June 2026. This is below Allstate's June 2025 estimate of $619 million, or $489 million after tax. Allstate also estimated total catastrophe losses for ... Read the full article
Vantage recruits former Arch leaders Grandisson and Gansberg for Chairman and CEO roles
16th July 2026
Howard Hughes Holdings, a diversified holding company, has announced that former leaders at Arch Capital Group, Marc Grandisson and David Gansberg, have been appointed as Executive Chairman and Chief Executive Officer (CEO), respectively, of Vantage Group Holdings. Howard Hughes completed its $2.1 billion acquisition of specialty insurance and reinsurance company ... Read the full article
Canopius adds Melanie Brown as Head of US Claims
16th July 2026
Canopius Group, a global specialty and property & casualty insurer and reinsurer, has appointed Melanie Brown as Head of US Claims, effective August 3rd, 2026. In her new role, Brown will report to Steve Parry, the incoming Chief Claims Officer, Canopius Group. She will lead the reinsurer’s US claims function, ... Read the full article
Willis and Kayna launch embedded insurance program for subcontractors in partnership with Kwant
16th July 2026
Willis, a WTW business, together with its embedded insurance infrastructure partner Kayna, have partnered with Kwant to launch KwantSure, a digital insurance program. KwantSure, which will be embedded directly within Kwant’s workforce management platform, enables subcontractors to access the insurance coverage needed to remain project compliant. This functionality is integrated into the ... Read the full article
Vantage sees net income more than double to $201.7m in 2025
16th July 2026
Bermuda-based specialty re/insurer Vantage Group Holdings Ltd. has reported a strong financial performance for the year ended December 31, 2025, with net income more than doubling to $201.7 million compared to $100.5 million in 2024. This substantial bottom-line improvement was underpinned by strong premium growth, with net earned premiums jumping 29.8% ... Read the full article
AM Best upgrades PICC HK’s ratings on profitable inward reinsurance growth
16th July 2026
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of The People’s Insurance Company of China Limited (Hong Kong) (PICC HK) citing sustained improvement in the firm's business scale, evidenced by its enhanced ... Read the full article
PartnerRe names Ankur Gupta as CEO India
16th July 2026
Bermuda-based reinsurer PartnerRe has announced the appointment of Ankur Gupta as Chief Executive Officer (CEO) of its India operation. Gupta brings more than 20 years of industry experience spanning reinsurance, primary insurance and broking. He joins PartnerRe after nine years at Munich Re, where he most recently served as Head of Client ... Read the full article
HSB (UK & Ireland) bolsters executive leadership team with Götz appointment
16th July 2026
HSB (UK & Ireland), a specialist engineering and technology insurance and inspection services provider, has announced the appointment of Mathilda Götz as Director of Strategy and Value Propositions. In her new position, Götz will lead HSB's enterprise-wide strategy and proposition development, overseeing its engineering inspection, insurance, and building warranty businesses. She will ... Read the full article
Mereo becomes newest full member of ABIR
16th July 2026
Mereo Insurance Limited has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as its newest full member. Founded in 1993, ABIR represents Bermuda's leading commercial insurers and reinsurers, whose member companies are among the island's largest economic contributors, supporting thousands of jobs, investing in local talent development, engaging extensively with ... Read the full article
Marsh welcomes PRA’s proposal for captive insurance regulations in the UK
16th July 2026
Marsh, a risk advisory, insurance broking and reinsurance services firm, has welcomed the recently announced Financial Conduct Authority and Prudential Regulation Authority’s consultation for the introduction of a UK captive insurance regime. The broker, in a statement, said, "The consultation is a significant milestone for the UK insurance market and, ... Read the full article
QBE hires Alistair Nappin from Munich Re as Head of Outward Reinsurance for International arm
16th July 2026
Business insurer QBE has hired Alistair Nappin from Munich Re to serve as its new Head of Outward Reinsurance for its International Division, based in London. Nappin, who joins QBE next year, subject to regulatory approvals, will report to Stephanie Cryer, Chief Underwriting Officer, QBE International, and will take over responsibility ... Read the full article
The Hanover names Lavey as CEO elect, Roche to retire at year-end
16th July 2026
The Hanover Insurance Group, Inc., a property and casualty insurer, has appointed Richard W. Lavey, current Chief Operating Officer (COO) and President of Hanover Agency Markets, as Chief Executive Officer-elect as John C. Roche announces his intention to retire on December 31st, 2026. Roche, who has a 40-year career in the ... Read the full article
AM Best upgrades Worldwide Re’s credit ratings
16th July 2026
Credit rating agency AM Best has upgraded Worldwide Re’s Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb-” (Good). Concurrently, AM Best has revised the Trinidad and Tobago reinsurer’s FSR outlook to stable from positive, while the ... Read the full article
Arch Insurance NA appoints Nora Deveau as Chief Claims Officer
16th July 2026
Arch Insurance North America, part of Arch Capital Group Ltd., has announced the appointment of Nora Deveau as Chief Claims Officer, effective 1 August 2026. Deveau succeeds Patrick Nails, who is retiring following 22 years of service at Arch Insurance. Nails joined Arch in 2004 and moved to the Claims Department ... Read the full article
Howden Re appoints Jay Sogliuzzo as MD, Head of NA Marine, Energy & Terror Specialty Treaty
16th July 2026
Reinsurance broker Howden Re has announced the appointment of Jay Sogliuzzo as Managing Director, Head of North America Marine, Energy & Terror Specialty Treaty. Sogliuzzo brings 14 years of underwriting experience spanning Upstream Energy, Ocean Marine and Inland Marine, alongside established relationships with clients and underwriters across North America. He joins Howden ... Read the full article
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