Reinsurance News
UK P&I Club strengthens Korean market presence with Jeong-Sook Kim appointment
13th August 2026
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has announced the appointment of Jeong-Sook Kim as Senior Underwriting Director, with initial responsibility for the Korean market. Based in the Clubs London office, Ms. Kim will work closely with ... Read the full article
IAG rounds out FY’26 with strong GWP growth and higher underlying profit
13th August 2026
IAG has disclosed its full-year 2026 financial results, posting a 7.6% year-over-year increase in gross written premium (GWP) to AU$18.412bn and net profit after tax (NPAT) of AU$1.022bn. The FY2026 NPAT figure was down from AU$1.359bn in FY2025, as increased natural peril activity weighed on insurance earnings. The Australian firm's pre-tax insurance ... Read the full article
Pelagos GWP rises more than 6% for Q2’26 to $1.3bn
13th August 2026
Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited, recorded group-wide gross written premiums (GWP) growth of 6.4% and 6.6% to USD 1.3 billion and USD 3.1 billion for the second quarter and first half of 2026, respectively. For Q2’26, the combined ratio improved by 4 points to ... Read the full article
HIVE Underwriters strengthens cargo division
13th August 2026
Independent specialty MGA HIVE Underwriters has announced the appointment of Polly Mays as Head of Cargo, bringing a decade of experience in the cargo insurance market, and extensive expertise across cargo, stock throughput, excess stock and project cargo risks. Joining from Sompo, Mays has established a strong reputation as a senior ... Read the full article
Axle secures $17.5m Series A as insurtech company expands automated platform
13th August 2026
Axle, a technology company developing an AI-native clearinghouse for the insurance industry, has raised USD $17.5 million in Series A funding as it expands its platform for automating insurance verification and policy-related processes. The funding round was led by Base10 Partners, with further investment from existing backers Y Combinator and Gradient. ... Read the full article
Suncorp’s exec leadership changes to set insurer for next phase of strategy
13th August 2026
Australian insurer Suncorp Group has announced a number of changes to its executive leadership team, including the appointment of Bridget Messer as Chief Executive Customer, Brand and Digital, a newly created role. Currently serving as Chief Risk Officer, Messer’s new position unites the existing brand, marketing, and digital distribution teams. The role ... Read the full article
Norman joins Gallagher Re as Divisional Director within its Facultative team
12th August 2026
Gallagher Re, a global reinsurance brokerage and advisory firm, has announced the appointment of Jenna Norman as Divisional Director, Fac. Norman brings extensive expertise in Facultative property broking, specialising in Facultative property broking, working extensively on complex property reinsurance placements for both UK and US clients. Her expertise includes structuring and placing ... Read the full article
Amynta to acquire agricultural industry specialist MGU Southern States Underwriters
12th August 2026
Insurance services provider Amynta Group has agreed to acquire Southern States Underwriters and SSC Insurance Agency (collectively, Southern States Underwriters), the insurance operations of Southern States Cooperative, Inc. While the financial details of the agreement remain undisclosed, the closing of the transaction is anticipated in the final quarter of 2026, subject ... Read the full article
Lincoln Financial appoints Adam Cohen as Interim CFO
12th August 2026
Lincoln Financial, a US financial services company specialising in insurance, retirement and wealth management products, has announced the appointment of Adam Cohen, Chief Accounting Officer and Treasurer, as Interim Chief Financial Officer. This follows the decision by Chris Neczypor, Executive Vice President and Chief Financial Officer, to leave the company to ... Read the full article
American Integrity reports 24% net income growth and $326 GWP for Q2’26
12th August 2026
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, reported a net income of $34.1 million, 14% year over year growth in gross premiums written, and an improved combined ratio of 63.4% in the second quarter of 2026. Q2 2026 net income increased 24.2% compared to $27.5 million seen ... Read the full article
AM Best maintains stable outlook for GCC insurance markets
12th August 2026
AM Best is maintaining its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC). The GCC comprises Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates. The ratings agency noted that while GCC insurers remain vulnerable to second-order effects from the Middle East conflict, ... Read the full article
Waters to lead AXA XL’s Large Commercial and Specialty business unit
12th August 2026
AXA XL, the property and casualty specialty risk division of AXA, has announced the appointment of Matt Waters as Head of its Large Commercial and Specialty business unit, effective immediately. In his new role, Waters will be responsible for leading AXA XL's Large Commercial and Specialty lines portfolio across the US, ... Read the full article
Data centre insurance market forecast to exceed $24bn by 2030: Allianz
12th August 2026
The global data centre insurance market is forecast to more than double to over USD $24 billion by 2030, as the rapid expansion of artificial intelligence infrastructure increases the value, complexity and concentration of risks faced by insurers, according to Allianz Commercial, the commercial insurance business of Allianz Group. Allianz Commercial ... Read the full article
Mangrove launches Bermuda reinsurance sidecar Grove Re
12th August 2026
Florida-based property and casualty insurer Mangrove Property Insurance Company has announced the establishment of Grove Re Ltd., a Bermuda-domiciled Class 3A insurance company to support its long-term risk management and underwriting strategy. The formation of Grove Re reflects Mangrove’s disciplined, data-driven approach to underwriting, its strategic vision to operate for the ... Read the full article
Hannover Re is comfortable growing in this market, expects property cat rate reductions to decelerate: Althoff
12th August 2026
Sven Althoff, Member of the Executive Board for Property & Casualty at large reinsurer Hannover Re, said today that the company is comfortable growing in this P&C market environment, while the firm expects property catastrophe price reductions to decelerate heading into the January 1st, 2027, renewals. This morning, Althoff, alongside other ... Read the full article
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