Reinsurance News
IAG eyes GWP of over $25bn by 2030 in new growth plan
12th May 2026
At its Investor Day in Sydney, IAG has unveiled a refreshed strategy and new long-term financial targets under its Ambition 2030 plan, which aims to grow the group’s customer base to more than 11 million and lift gross written premium (GWP) above AU$25 billion. Having successfully delivered on targets set in ... Read the full article
HIVE launches Aviation Reinsurance division
12th May 2026
Independent specialty MGA HIVE Underwriters is set to launch an Aviation Reinsurance division, with underwriting scheduled to begin in October 2026. The addition of Aviation Reinsurance further strengthens HIVE’s position as a multi-class specialty MGA and Lloyd’s Coverholder, expanding its capabilities alongside its existing Aviation, Space, Marine, and Political Violence & ... Read the full article
Blue Owl Capital appoints Deva Mishra to lead expansion of insurance solutions platform
12th May 2026
Blue Owl Capital Inc., a US-based alternative asset management firm, has confirmed the appointment of Deva Mishra to head its Insurance Solutions platform as it seeks to broaden its capabilities for insurance clients. Blue Owl, which invests across credit, real assets and GP strategic capital strategies, said the appointment forms part ... Read the full article
U.S. Treasury and insurance regulators discuss evolving risk oversight
12th May 2026
Members of the National Association of Insurance Commissioners (NAIC) have met with U.S. Treasury Secretary, Scott Bessent, to discuss the growing intersection of private credit and the insurance sector. This meeting provided a forum for state insurance regulators to share insights regarding their oversight of insurers’ risk management and investment practices. The ... Read the full article
ROE for US P&C insurers reached decade high level in 2025: AM Best
12th May 2026
A new AM Best report has revealed that the return-on-equity for U.S. property & casualty (P&C) insurers reached a decade high level of 14.97% in 2025, while the cost of equity held relatively steady at 8.18%. Despite early-year challenges for P&C insurers, with the California wildfires causing extensive damage in January, ... Read the full article
Assurex Global appoints Troy Johnson as SVP for global growth strategy
12th May 2026
Assurex Global, a privately owned commercial insurance, risk management and employee benefits brokerage group, has announced the appointment of Troy Johnson as Senior Vice President, Global Growth Strategy. The company stated that the role will centre on strengthening multinational revenue streams and assisting Partner Firms in broadening their international reach. Johnson joined ... Read the full article
A diversified portfolio is key to navigating a softening cycle: Hamilton Re’s Daws
12th May 2026
As the reinsurance industry approaches the mid-year 2026 renewal season, Adrian Daws, CEO of Hamilton Re, the Bermuda-based underwriting platform of global specialty insurer and reinsurer Hamilton, remains optimistic about its growth opportunities, even as the market navigates transitioning conditions. Speaking with Reinsurance News during our visit to Bermuda, Daws emphasised ... Read the full article
Munich Re CFO confident on handling potential claims inflation from Iran war
12th May 2026
After Munich Re, one of the world's largest reinsurance companies, revealed IBNR reserves of €90 million related to the ongoing conflict in Iran, the company's CFO, Andrew Buchanan, described the figure as cautious as he highlighted Munich Re's three lines of defence. In its results announcement early this morning, Munich ... Read the full article
OnRe names TFP’s Ben Fortune as CUO
12th May 2026
OnRe, a licensed collateralised reinsurer and on-chain asset manager, has appointed Ben Fortune as its new Chief Underwriting Officer (CUO). He is expected to join the firm in Bermuda, subject to immigration approval. Most recently, Fortune served as the CUO of The Fidelis Partnership (TFP) in Bermuda, where he oversaw underwriting ... Read the full article
Economic policy risks eclipse conflict concerns in WTW’s latest survey
12th May 2026
Willis, a WTW business, has released its 2026 Political Risk Survey, highlighting that risks driven by economic policy continue to outweigh those stemming from international conflict, despite the survey being issued as conflict in the Middle East escalated. According to Willis, respondents selected tariffs over international violent conflict as a top ... Read the full article
Gallagher Re appoints Russell Hails as Executive Director, Head of MGA Solutions, APAC
12th May 2026
Gallagher Re, a global reinsurance broker and risk advisory firm, has announced the appointment of Russell Hails as Executive Director, Head of MGA Solutions, APAC. Hails joined Gallagher Re last year with a mandate to rebuild its MGA proposition in the Pacific region. In his expanded role, he will work closely with ... Read the full article
K2 Insurance Services completes acquisition of Oculus Underwriters
12th May 2026
K2 Insurance Services, a specialty insurance firm focused on building and supporting niche insurance programmes, has confirmed the acquisition of Oculus Underwriters. As part of the deal, Oculus Underwriters will become part of Vikco Insurance Services, operating under the established brand within the K2 Insurance Services group. Oculus Underwriters specialises in providing ... Read the full article
Swiss Re appoints Trent Thomson as Head of Global Specialty
12th May 2026
Global reinsurer Swiss Re has announced the appointment of Trent Thomson as Head of Global Specialty, effective 1st July 2026. Thomson will succeed Anne Lohbeck and will be based in London. Currently serving as CEO Australia & New Zealand at Swiss Re, he brings nearly three decades of industry experience. Thomson joined Swiss ... Read the full article
AM Best survey finds rapid AI uptake in insurance sector despite structural barriers
12th May 2026
AM Best, a global credit rating agency specialising in the insurance sector, has surveyed carriers and managing general agents (MGAs) to evaluate the growing influence of artificial intelligence (AI) across the industry. The results indicate that almost 60% of respondents anticipate AI will materially reshape their business models within the next ... Read the full article
Talanx expands Mexican operations through 20-year agreement with Afirme Grupo Financiero
12th May 2026
The Talanx Group, the parent company and majority shareholder of Hannover Re, has entered into a strategic 20-year bancassurance agreement with Afirme Grupo Financiero in Mexico to sell non-life and life products. This partnership with Afirme Grupo Financiero aims to allow Talanx to realise its strategic objectives by growing in motor, ... Read the full article
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