Reinsurance News
Willis Re hires David Kim as reinsurance broker
3rd July 2026
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has announced the appointment of David Kim as a new Reinsurance Broker, strengthening its marine and non-marine reinsurance capabilities. Kim joins the business with 20 years of experience across the marine and non-marine reinsurance markets. He most ... Read the full article
Antares backs affirmative cyber war cover for US essential-services providers
3rd July 2026
Antares’ Lloyd’s Syndicate 1274 is backing a new affirmative cyber war cover for US critical infrastructure and essential services providers. These include operators of power, water, gas and electricity infrastructure, which have a clear and demonstrable need for protection against hostile state and state-backed action. Developed in conjunction with Canopius and approved ... Read the full article
Canada Life closes £48m buy-in with oil and gas industry pension scheme
3rd July 2026
Canada Life, a UK insurer providing life insurance and pension risk transfer services, has completed a £48 million full-scheme buy-in with a pension scheme in the oil and gas industry. This transaction secures the future benefits of more than 500 pensioner and deferred members. WTW served as the lead broker and also provided ... Read the full article
Travelers launches proprietary LLM tailored to property casualty business
2nd July 2026
The Travelers Companies, Inc., a provider of property and casualty insurance for auto, home and business, has developed TravelersLLM, a proprietary large language model tailored to its property and casualty business. Trained on millions of company documents and built by Travelers engineers and data scientists, TravelersLLM builds on the company’s domain ... Read the full article
Swiss Re CorSo appoints new Head of Commercial Growth Initiatives for Alternative Risk Transfer
2nd July 2026
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, has appointed Yann Krattiger as Head of Commercial Growth Initiatives for Alternative Risk Transfer (ART). The company said Krattiger has helped shape its Alternative Risk Transfer offering over a number of years, contributing extensive expertise and a collaborative approach to ... Read the full article
AM Best sees shift towards underwriting discipline as delegated authority market expands
2nd July 2026
Global credit rating agency AM Best has said the delegated underwriting authority enterprises (DUAE) market remains on a strong growth trajectory, although insurers are becoming increasingly selective about the capacity they provide, placing greater emphasis on underwriting performance and long-term profitability. In its latest Best’s Market Segment Report, Managing General Agents ... Read the full article
TFP’s Syndicate 3123 secures $75m of multi-year nat cat reinsurance via first cat bond
2nd July 2026
The Fidelis Partnership (TFP), a specialty insurance and reinsurance group, has announced that Syndicate 3123, one of its Lloyd's syndicates, has successfully secured $75 million of reinsurance protection from the capital markets through its first catastrophe bond transaction, Woody Re 2026-1. Facilitated through a segregated account of Arthur Re Ltd., a ... Read the full article
ICEYE expands wildfire intelligence capabilities to Canada, offering new tools for re/insurers
2nd July 2026
ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has announced the expansion of its wildfire intelligence capabilities to Canada, a highly wildfire-exposed country. Recent report from the Canadian Climate Institute highlight a surge in wildfire activity, noting that three of the most severe ... Read the full article
Bishop appointed as Partner Re’s CUO, Global Cat
2nd July 2026
Olivia Bishop has been appointed Chief Underwriting Officer, Global Catastrophe, at Bermuda-based reinsurer Partner Re, a role she will hold alongside her current position as SVP, Head of North America Catastrophe. “As the catastrophe landscape evolves, I’m excited to help drive our underwriting strategy and deliver value to our clients and ... Read the full article
Florida insurers secure additional $5-$7bn reinsurance coverage at mid-year renewals: Aon
2nd July 2026
Florida’s insurers entered mid-year renewals from a position of strength, securing an additional $5-$7 billion of reinsurance coverage as ample supply was more than adequate to meet increased demand, according to Aon's recent Reinsurance Market Dynamics report. In addition to a stronger balance sheet, Florida insurers began the mid-year renewals with ... Read the full article
Malibu Life establishes US retail annuity origination platform with TruSpire acquisition
2nd July 2026
Malibu Life Holdings Limited, a London Stock Exchange-listed insurance holding company focused on the U.S. retirement and annuity market, has completed its acquisition of TruSpire Retirement Insurance Company, which will be rebranded as Malibu Life USA. The acquisition was initially announced in October 2025, with Malibu Life entering into a ... Read the full article
PV&T reinsurance market contended with ‘unusually dynamic’ environment at July 1: Howden
2nd July 2026
According to Howden, the political violence and terrorism (PV&T) reinsurance market faced an “unusually dynamic” environment during the 1 July renewal season, as underwriting appetite in the Middle East was reshaped and broader shifts in global risk, ranging from civil unrest in the Americas to active assailant events in Europe, ... Read the full article
QBE acquires 100% ownership of Indian carrier Raheja QBE
2nd July 2026
International insurer and reinsurer, QBE Insurance Group Limited, has now fully acquired Raheja QBE General Insurance Company Limited (Raheja QBE) following 18 years of joint ownership with Prism Johnson Limited. The Insurance Regulatory and Development Authority of India (IRDAI) has granted 100% ownership to QBE, marking a significant milestone in the ... Read the full article
Accelerant expands Lloyd’s partnership with launch of ARX Consortium
2nd July 2026
Accelerant, a data-driven risk exchange platform for the specialty insurance market, has expanded its partnership with Lloyd's of London through the launch of the ARX Consortium, reportedly backed by seven highly respected syndicates. Accelerant said the launch of the ARX Consortium enables the Accelerant Risk Exchange to support a diversified specialty ... Read the full article
Everest makes key leadership changes within Global Wholesale & Specialty
2nd July 2026
Everest Group, Ltd., a global specialty reinsurance and insurance leader, has appointed Stephen Buonpane as Global Head of Construction, Global Wholesale & Specialty (GWS), and promoted Danielle Stewart to President, Everest Evolution™, both effective October 1. In this newly created role, Buonpane will reportedly lead Everest’s global construction business, driving underwriting ... Read the full article
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