Reinsurance News
Cyber attacks drive £3.7bn in shareholder litigation costs for UK businesses, Gallagher research finds
18th May 2026
Cyber attacks generated an estimated £11.7 billion in losses for large UK businesses during 2025, with shareholder litigation making up £3.7 billion of the total cost, according to new research from Gallagher, the international insurance brokerage, risk management and consulting firm, in partnership with the Centre for Economics and Business ... Read the full article
Aon unveils digital trading platform for Follow line business in the London Market
18th May 2026
Aon has unveiled plans to launch Aon Digital Placement Exchange (Aon DPX), a new digital trading platform that will modernise Follow Line business placement in the London Market by using structured data and algorithmic trading to connect brokers, capital and risk more efficiently. The platform is scheduled to go live for ... Read the full article
Novatae appoints Brian Voorhees as MD of Personal Lines
18th May 2026
Novatae Risk Group (Novatae), the wholesale insurance business of World Insurance Associates, has announced the appointment of Brian Voorhees as Managing Director (MD) of Personal Lines. In his new role, Voorhees will lead Novatae’s personal lines business and will be responsible for setting strategic direction, driving growth, and delivering strong operational ... Read the full article
Markel introduces new media and entertainment coverage to professional liability offerings
18th May 2026
Markel, the insurance operations within Markel Group Inc., has expanded its professional liability offerings for insurance protection against fast-evolving creative, digital and professional risks. The enhanced ProSolutions portfolio, a suite of professional liability products designed for specialised risks, aims to eliminate insurance blind sports. By consolidating multiple coverage needs into a streamlined ... Read the full article
Michelle Hubicki appointed Director of Reinsurance at Incline P&C
18th May 2026
Incline P&C Group, a property and casualty insurance programme platform based in Austin, Texas with more than $2 billion in gross written premium, has announced the appointment of Michelle Hubicki, AFIS, as Director of Reinsurance. In her role at Incline P&C Group, she will be responsible for leading the execution of ... Read the full article
LexisNexis Risk Solutions introduces AI-powered Location Intelligence tool for US home insurers
18th May 2026
LexisNexis Risk Solutions, a data and analytics provider focused on insurance, financial services and public sector markets, has launched LexisNexis Location Intelligence for Home, a predictive analytics solution aimed at helping US home insurers assess property risk with greater precision. The company said the tool uses artificial intelligence and neural network ... Read the full article
Jun Xu joins Zhibao Labuan Reinsurance board as Independent Director
18th May 2026
Industry veteran Jun Xu has joined the board of Zhibao Labuan Reinsurance Company Limited, a China-based insurtech specialising in digital insurance brokerage, as an Independent Director. With over 30 years of senior leadership experience, the executive brings exceptional depth of international insurance and reinsurance expertise to the company's leadership. Her career ... Read the full article
Centre for Disaster Protection’s new platform to help accelerate risk financing solutions
15th May 2026
The Centre for Disaster Protection (the Centre) has launched Labs, a new innovation platform designed to accelerate practical solutions that help governments better plan, finance, and respond to disasters. Conor Meenan will be leading this initiative as Head of Labs. As modern disasters grow in scale and complexity, traditional reactive funding models ... Read the full article
Evolving geopolitical landscape is creating new opportunities in the Middle East: Pelagos CEO
15th May 2026
The evolving geopolitical landscape in the Middle East is opening new opportunities in the region, Dan Burrows, Pelagos Insurance Capital CEO, commented during the company’s recent earnings call. For the first quarter of 2026, Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited, reported a group-wide underwriting income ... Read the full article
Pro Global strengthens LatAm offering to support growth and a complex insurance market
15th May 2026
Pro Global, a specialist adviser to the specialist insurance sector, has strategically strengthened its offering in Latin America to support growth and increasing operational complexity in the insurance market. The strategic move is designed to address the growing operational, financial, and cross-border demands of insurers, reinsurers, and brokers across the region. To ... Read the full article
Sixfold expands distribution of AI underwriting platform through Microsoft marketplace
15th May 2026
Sixfold, a technology company specialising in AI-driven underwriting solutions for the insurance industry, has announced that its platform is now available through Microsoft Marketplace, Microsoft’s online platform for cloud-based applications, AI tools and enterprise services. Sixfold said the integration is designed to make it easier for insurers to access, purchase and ... Read the full article
Mphasis names Richard Miller as Global Head of Insurance Business
15th May 2026
Mphasis, an artificial intelligence (AI) led, platform-driven technology solutions provider, has appointed Richard Miller as Global Head of Insurance Business. In his new role, Miller will lead Mphasis’ global insurance strategy, helping carriers modernise operations, transform core business processes, and apply AI to drive measurable business value. He has over three decades ... Read the full article
Mercury Insurance invests in BurnBot to advance wildfire mitigation
15th May 2026
Mercury Insurance, a California-based provider of auto and home insurance, has made a strategic investment in BurnBot to advance wildfire mitigation and support more affordable and accessible insurance coverage. BurnBot is a wildfire mitigation technology company that develops and operates robotic, data-driven systems for hazardous fuels reduction and vegetation management. The ... Read the full article
Willis and Cornell University collaborate on research into correlated catastrophe risk
15th May 2026
Willis, a global insurance broker and risk advisory firm, has announced a new scientific collaboration with researchers at Cornell University and the Atkinson Center for a Sustainable Future. The partnership, introduced by Willis, is focused on identifying emerging risks linked to correlated natural catastrophes. Supported by an initial one-year funding agreement, ... Read the full article
AM Best upgrades MS Reinsurance’s issuer credit rating
15th May 2026
AM Best has upgraded MS Amlin AG’s (MS Reinsurance) (Switzerland) Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed its Financial Strength Rating (FSR) of A+ (Superior). The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited (MSI). MS Reinsurance has expanded in recent years and ... Read the full article
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