Reinsurance News
Gallagher Re appoints Steven Housse as Facultative Reinsurance Leader, NA
12th March 2026
Global reinsurance broker Gallagher Re has announced the appointment of Steven Housse as Facultative Reinsurance Leader for North America, effective 12th March 2026. In his new role, Housse will lead the company’s facultative strategy across North America and Canada, focusing on individual risks and facultative facilities across property & casualty and ... Read the full article
Middle East war exposure likely in specialty lines, but nothing major in actual losses yet, says Hannover Re
12th March 2026
Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, said this morning that the reinsurer is expecting losses from the ongoing conflict in the Middle East in its specialty reinsurance book, although so far there's a lack of any noticeable reported losses. Given the live and ... Read the full article
VIG profit before taxes exceeds €1bn for the first time in 2025
12th March 2026
Vienna Insurance Group (VIG) achieved strong growth in premiums to €16.3 billion and a significant 31.7% rise in profit before taxes to €1.16 billion for 2025, with the firm highlighting robust levels of profitability in all countries. In terms of premiums written, VIG saw growth of 10.7% in Poland, 9.2% in ... Read the full article
ICA declares Significant Events for NT and Queensland floods
12th March 2026
The Insurance Council of Australia (ICA) has declared two Significant Events for communities affected by recent severe rainfall and flooding in the Northern Territory and Queensland. The Northern Territory flooding includes Katherine and surrounding regions, while the Queensland event includes the Bundaberg region and Burnett River catchment. Insurers have started receiving claims ... Read the full article
Heightened risk of severe cyberattacks amid Middle East conflict: S&P
12th March 2026
According to S&P Global Ratings, cyber-risk analytics firms have reported heightened activity by threat actors and affiliated hacktivist groups since the outbreak of the Middle East war, including distributed denial-of-service attacks, phishing campaigns and attempts to compromise corporate networks and critical infrastructure. With this in mind, the rating agency said there ... Read the full article
Devonshire Underwriting names Liria Martinez-Salmon MD to lead Southern Europe expansion
12th March 2026
Devonshire Underwriting, the Managing General Agent (MGA) focused on transactional risk (TR) underwriting, has appointed Liria Martinez-Salmon as Managing Director – Head of Southern Europe. The appointment represents a key step in the firm’s international growth and marks its first hire outside the UK. Based in Madrid, Martinez-Salmon will oversee Devonshire’s ... Read the full article
Generali achieves record operating result in 2025 as P&C premiums rise 7.6%
12th March 2026
Global insurer Generali produced its best ever operating result of €8 billion for the 2025 financial year, with a strong performance in all segments, notably the property and casualty (P&C) arm which delivered a 20% year-on-year increase in its operating result to €3.7 billion. 2025 is the first year of Generali's ... Read the full article
Starr appoints Danielle An as Head of Financial Lines Singapore & Wholesale Business Asia
12th March 2026
Starr, an insurance and investment organisation, has announced the appointment of Danielle An as Head of Financial Lines, Singapore, and Wholesale Business, Asia. In her new role, An will play a key role in driving Starr’s growth in Financial Lines across Singapore, Australia, and New Zealand, as well as in wholesale ... Read the full article
Chubb to serve as lead underwriter for DFC’s $20bn Maritime Reinsurance plan
12th March 2026
The U.S. International Development Finance Corporation (DFC) has revealed that Chubb will serve as the lead partner for its $20 billion Maritime Reinsurance Plan, aimed at restoring commercial shipping in the Gulf and helping to restart energy and trade flows through the Strait of Hormuz. DFC's reinsurance facility, announced earlier ... Read the full article
Hannover Re’s net income rises to €2.6bn in 2025 as increased reserve resiliency offsets benign loss experience
12th March 2026
Hannover Re, one of Europe's big four reinsurers, delivered a 13.4% rise in net income to €2.6 billion for the 2025 financial year, as reinsurance revenue increased by 1.5% year-on-year to €26.8 billion, with a strong performance in both the property and casualty (P&C) and life and health (L&H) reinsurance ... Read the full article
Markel Insurance names Phil Jones as CIO for International Operations
12th March 2026
Markel Insurance, the insurance, reinsurance and investment holding company, has announced the appointment of Phil Jones as Chief Information Officer (CIO), International, effective immediately. In the role, Jones will lead the technology strategy for Markel’s international business. His will shape and deliver the organisation’s technology vision while ensuring systems, data and ... Read the full article
BreachRx launches cyber incident response management warranty with $3m in coverage
12th March 2026
BreachRx has announced the launch of BreachRx CIRM Warranty, an industry-first cyber incident response management warranty offering up to $3 million in executive and corporate cyber incident liability protection backed by a global insurer. BreachRx is the first platform built to run cyber incident response as a governed, enterprise‑wide business process. The ... Read the full article
Aon is seeing risk repriced in real time as Middle East conflict cuts across many insurance lines, say experts
11th March 2026
Leaders at global insurance and reinsurance broking group Aon have shared their observations and perspectives across numerous lines of insurance business as the conflict in the Middle East continues. Joe Peiser, CEO of Risk Capital for Aon, said that for many organisations the most significant exposures relate to disruption to ... Read the full article
Banyan Risk appoints John Berger, Bob Cox & Andrew Cook to Advisory Board
11th March 2026
Banyan Risk Ltd ("Banyan Risk"), a Bermuda-based specialty Managing General Agent (MGA), has appointed three experienced insurance executives to its Advisory Board. The new members are John Berger, Bob Cox, and Andrew Cook, who collectively bring deep experience across specialty insurance, reinsurance, and global insurance operations, having held senior executive and ... Read the full article
IFC targets $50m guarantee support for African reinsurer ZEP-RE
11th March 2026
The World Bank's International Finance Corporation (IFC) is arranging a guarantee facility of up to $50 million to cover the reinsurance credit risk of ZEP-RE, a leading reinsurer in Africa headquartered in Nairobi, Kenya. Established in 1990, ZEP-RE delivers "inclusive & innovative" re/insurance solutions across the continent to close the protection ... Read the full article
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