Reinsurance News
WISE restructures reinsurance and specialty team
2nd January 2026
WISE Insurance Services Co., Ltd., a Korean insurance and reinsurance advisory and brokerage firm, has implemented a restructuring of its Reinsurance Team, effective January 1st, 2026. As part of this restructure, the Reinsurance Team has been renamed the R&S (Reinsurance & Specialty) Team. This move aims to support WISE’s next phase ... Read the full article
2026 expected to be another healthy environment for reinsurers: Mowery, Gallagher Re
2nd January 2026
In an interview with Reinsurance News, Lara Mowery, Chief Commercial Officer at reinsurance broker Gallagher Re, said that while profitability may moderate, she sees no reason to expect 2026 to be anything other than a healthy environment for writing reinsurance. We spoke with Mowery around the launch of the broker’s January ... Read the full article
Avishek Rath joins Aon’s Facultative Reinsurance Solutions team in India
2nd January 2026
Avishek Rath has been appointed as Head of Growth for global broker Aon’s Facultative Reinsurance Solutions in India. Leveraging the firm’s global network and advanced data analytics, Rath is committed to provide bespoke risk transfer solutions for high-value and complex risks. “I start the new year with clarity of purpose and sharp ... Read the full article
2026 renewal sees sharpest decline in risk-adjusted global property rates since 2014: Howden
2nd January 2026
Howden's January 1 2026 reinsurance renewal report has revealed that risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by an average of 14.7%, accelerating from an 8% fall in 2025 and marking the largest year-on-year reduction since 2014. According to the report, most areas of the market recorded price decreases at the January ... Read the full article
Property cat rates down 10-20% at 1.1 with buyers focused on “down pricing”, says Gallagher Re
2nd January 2026
Risk-adjusted property catastrophe pricing reduced by 10% to 20% on average at the January 1st, 2026, reinsurance renewals, with many buyers focused on "down pricing" rather than "up risking", according to reinsurance broker Gallagher Re's latest 1st View report. The report highlights greater availability of reinsurance capacity, which created more choice, ... Read the full article
XS Global appoints Phillip Brain as Regional A&H Underwriting Manager
2nd January 2026
XS Global, an independently owned managing general underwriting (MGU) platform, has announced the appointment of Phillip Brain as Regional Accident & Health (A&H) Underwriting Manager. Brain brings more than two decades of global experience in Accident & Health, with deep expertise across leadership, underwriting, and distribution. Prior to joining XS Global, he ... Read the full article
AM Best maintains stable outlook on NZ’s non-life insurance sector
2nd January 2026
Credit ratings agency AM Best is maintaining a stable outlook on New Zealand’s non-life insurance sector, citing stronger economic conditions, rising insurance demand, enhanced reinsurance capacity, and ongoing regulatory improvements. These factors have reinforced market discipline, yet operational challenges, cost pressures from regulatory changes, and persistent climate risk concerns remain significant. The ... Read the full article
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a specialised reinsurance broker, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with further softening evident at the ongoing Jan 1 ... Read the full article
China’s PICC P&C enters into reinsurance agreements with PICC Re & PICC HK
31st December 2025
Chinese domestic insurer PICC Property and Casualty Company Limited (PICC P&C) has entered into reinsurance agreements with PICC Reinsurance and PICC HK, its sister entities under the ultimate parent PICC Group. PICC P&C entered into separate one-year agreements with both entities, effective from 1 January to 31 December 2026. This framework regulates ... Read the full article
AXIS Capital appoints Mirzaian as Underwriting & Product Lead US Media
31st December 2025
Specialty insurer and reinsurer AXIS Capital has announced the appointment of Anita Mirzaian as Underwriting & Product Lead US Media. In this role Mirzaian will be tasked with accelerating the expansion of the company’s Media portfolio in the United States. She will work closely with Joe Wornham, Global Media Product Leader, to ... Read the full article
US P&C set for strong 2026 despite shifting landscape: Fitch
31st December 2025
US property and casualty (P&C) insurance is set to maintain strong underwriting profitability through 2026, despite a shifting landscape, marked by social inflation, slow economic growth, and heightening competition, according to a new report by Fitch Ratings. Fitch has issued a ‘neutral’ sector outlook for 2026, including commercial and personal lines. ... Read the full article
Fergus Re names Sharmini Samuels as Chief Underwriting Officer
31st December 2025
Bermuda-based collateralised reinsurer Fergus Re has appointed Sharmini Samuels as its new Chief Underwriting Officer (CUO), effective January 1st, 2026. This appointment follows that of Stewart Ritchie as Chief Executive Officer in October 2025, representing the reinsurer’s commitment towards continued investment in its capabilities. In her new role, Samuels will work ... Read the full article
Non-proportional cyber pricing falls up to 25% as XoL and hard retro gain ground at 1.1: Guy Carpenter
31st December 2025
Guy Carpenter, a global reinsurance intermediary, has released its January 1, 2026 Reinsurance Renewal Report, outlining a cyber renewal season defined by disciplined execution, competitive pricing conditions and continued structural innovation, particularly in cyber reinsurance. According to the report, ceding commissions generally settled between flat and up to two percentage points ... Read the full article
Apollo announces leadership transition for Construction business
31st December 2025
Apollo, the specialist Lloyd’s re/insurance group, has announced leadership changes for the Construction line of business as Tim Cook prepares to retire from his role as Head of Construction on 31 December 2025. As part of a planned succession, Matt Larke assumed the role of Class Leader, Construction Physical Damage in ... Read the full article
Erin Rotz named President of Berkley Fire & Marine
31st December 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has appointed Erin Rotz as President of Berkley Fire & Marine, effective immediately. Rotz has over two decades of inland marine and construction underwriting experience. Most recently, she served as the Head of Builder's Risk, Inland Marine and Energy Casualty ... Read the full article
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