Reinsurance News
Venezuela quakes to generate more than $10bn in economic losses, insured impact remains uncertain: Verisk
2nd July 2026
Economic losses from the June 24, 2026, earthquakes in Venezuela are likely to exceed $10 billion, according to Verisk's Catastrophe and Risk Solutions group, which said the insured share of industry losses is unusually difficult to estimate because of the country's macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related ... Read the full article
Canopius names Allianz’s Winnie Tay as Underwriter for Financial Lines in Singapore
2nd July 2026
Canopius Group, a global specialty and property & casualty insurer and reinsurer, has appointed Winnie Tay as Underwriter, Financial Lines, in Singapore, reporting to Robert Barnum, Head of Financial Lines, Asia Pacific (APAC). In her new role, Tay is responsible for supporting the continued development of the re/insurer’s financial lines underwriting ... Read the full article
Insurance sector leads in AI readiness improvements: Accenture
2nd July 2026
Insurance companies recorded the fastest gains in AI readiness compared with other industries globally, reflecting significant progress in transforming processes and modernising data foundations, according to Accenture’s AI Progress Barometer. Accenture, a global professional services company, has released findings from its inaugural AI Progress Barometer, which tracks how AI readiness among ... Read the full article
TMK appoints Alex Barnes as Departmental Head of Marine & Energy
2nd July 2026
Tokio Marine Kiln (TMK), an international specialty insurer, has announced the appointment of Alex Barnes as Departmental Head of Marine & Energy. Since January 2026, Barnes has led the Marine & Energy department on an interim basis and now takes up the role permanently with immediate effect. She brings more than 28 ... Read the full article
EMEA reinsurance market experiences continued softening at July renewals: Gallagher Re
2nd July 2026
Reinsurance buyers in the Middle East secured significant risk-adjusted rate reductions during the July 2026 renewals, as abundant capacity and strong competition accelerate a softening market across the EMEA region. The Gallagher Re July 2026 First View renewal report reveals that reinsurance buyers reached a period where conditions shifted further ... Read the full article
SiriusPoint names Mark Aspinall as Head of Fine Art & Specie
2nd July 2026
SiriusPoint, a specialty insurer and reinsurer based in Bermuda, has appointed Mark Aspinall as Head of its new Fine Art & Specie team, effective January 2027. In his new role, Aspinall will be based in London and report to Chris Fenn, Global Head of Marine, SiriusPoint. He will be responsible for establishing ... Read the full article
London Engineering Group to become affiliated with IUA
2nd July 2026
The London Engineering Group (LEG) has become affiliated with the International Underwriting Association (IUA), the representative body for insurance and reinsurance companies operating in the London Market. Established in 1984, LEG is a consultative body for insurers covering engineering risks, providing a forum for discussion and education, as well as publishing ... Read the full article
Corgi appoints Joe Els as Head of Portfolio Risk
2nd July 2026
Corgi, an AI-native insurance company, has announced the appointment of Johannes Els as Head of Portfolio Risk. In his new role, Els will lead Corgi’s insurance portfolio monitoring and risk strategy, overseeing portfolio risk discipline, reserving, technical pricing, and capital model oversight across the company’s full-stack carrier group. He brings more than ... Read the full article
Incline P&C Group enhances partnership with Accelerant
2nd July 2026
Incline P&C Group, the premier insurance programme market services firm, has entered into an expanded partnership with Accelerant, a data-driven risk exchange platform for the specialty insurance market. As part of the agreement, Incline will serve as a fronting carrier for over $500 million in annual gross written premiums across Accelerant's ... Read the full article
AIG Japan appoints Umeda as Vice Chairman as Shimoyama transitions to Senior Advisor
2nd July 2026
American International Group, Inc. (AIG), a global insurer and reinsurer, has appointed Koki Umeda as Vice Chairman of AIG Japan, succeeding Hirofumi Shimoyama, who will transition to the role of Senior Advisor, effective July 1st, 2026. Umeda has over three decades of global insurance experience and a strong track record of ... Read the full article
Property cat market softening persists in Australia and New Zealand at July 1: Gallagher Re
2nd July 2026
The property catastrophe reinsurance market in Australia and New Zealand continued to soften at the "relatively late" 1 July renewals, according to Gallagher Re's First View, A Moment for Creativity – July 2026 Renewal Report. Gallagher Re, the reinsurance broking and advisory business of Arthur J. Gallagher, says abundant capacity, subdued ... Read the full article
Flood Re sets out reform programme to update flood insurance ahead of next decade
1st July 2026
Flood Re, the UK government-supported reinsurance scheme created to improve access to affordable flood insurance for households at higher risk, has set out a series of reforms to mark its tenth year of operation. The organisation says the changes are intended to keep insurance affordable and workable for the long term ... Read the full article
VIG Re obtains regulatory approval for APAC Representative Office in Singapore
1st July 2026
VIG Re, the reinsurance arm of Vienna Insurance Group, has received the required regulatory approval from the Monetary Authority of Singapore (MAS) and fulfilled applicable requirements to establish its Representative Office in Singapore. As previously reported, the office will be led by Wilfrid Goh, who has been appointed Chief Representative ... Read the full article
Primary insurers to bear the brunt of Q2’26 loss events: Goldman Sachs
1st July 2026
New analysis from Goldman Sachs on Q2 2026 catastrophe events, drawing on data from insurance brokers and catastrophe modelling firms, estimates global insured catastrophe losses at approximately $24 billion, with primary insurers expected to absorb the majority of the impact. According to the firm, the $24 billion Q2 2026 estimate represents ... Read the full article
Intact Insurance appoints Rory Meleniclis as Chief Information Officer
1st July 2026
Intact Insurance has announced the appointment of Rory Meleniclis as Chief Information Officer. In his new role, Meleniclis will lead the next phase of Intact's technology evolution across its global specialty lines business, focusing on strengthening core systems, advancing cloud capabilities, and enabling faster, more data-driven decision-making. He will work closely with ... Read the full article
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