Reinsurance News
Commercial renewal rates ease in July, but year-on-year increases persist: Ivans
11th August 2026
Ivans, a division of Applied Systems, has released the July 2026 results of the Ivans Index, indicating a year-over-year increase in average premium renewal rates across Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property, and Umbrella. Conversely, Workers’ Compensation experienced a decrease in premium renewal rates during the same ... Read the full article
James River’s net income rises 59% to $4.4m in Q2’26
11th August 2026
James River Group Holdings, Inc., an insurance holding company, has reported net income available to common shareholders of $4.4 million, up 59% from $2.8 million in the same period a year earlier. For the quarter, gross written premiums declined 29% to $268.9 million from $378 million in Q2’25. Net written premiums stood ... Read the full article
Traditional reinsurers face test of discipline as casualty risk remains hard to price: AM Best
11th August 2026
AM Best, the global credit rating agency, says casualty reinsurance is becoming a growing strategic concern for traditional reinsurers as record levels of capital meet uncertainty over long-term loss trends. In its report, Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation of Record Capital?, AM Best notes ... Read the full article
Specialty MGA hires Simon Woodage to build NA Property Treaty portfolio
11th August 2026
Specialty MGA, the managing general agent within MNK Group, has appointed experienced reinsurance professional Simon Woodage as Senior Underwriter for North American Property Treaty, as it expands its presence in the treaty reinsurance market. Woodage’s appointment will see him take responsibility for developing Specialty MGA’s North American Property Treaty business, with ... Read the full article
SiriusPoint now a broader, more balanced business, says CEO Egan
11th August 2026
Scott Egan, Chief Executive Officer (CEO) of specialty insurer and reinsurer SiriusPoint, said the firm is a broader and more balanced business today, giving it the ability to move and redeploy capital across lines, segments, and geographies where there are attractive returns. SiriusPoint recently reported its second-quarter 2026 results, generating ... Read the full article
Mandarin Re lifts paid-up capital to $26m as it targets $70m GWP for 2026
11th August 2026
Labuan-domiciled reinsurer Mandarin Re has increased its paid-up capital to $26 million, its second capital increase this year, supporting the firm’s target of $70 million in gross written premiums for 2026. The reinsurer explained that the latest capital injection is aligned with its disciplined approach to capital management, portfolio development and ... Read the full article
Progressive renews property cat reinsurance program with $2.19bn Florida cover
11th August 2026
The Progressive Corporation has revealed the particulars of its 2026-2027 Property Catastrophe per Occurrence Reinsurance program, which renewed June 1, 2026, combining traditional reinsurance, cat bonds and Florida Hurricane Catastrophe Fund (FHCF) protection across a tower providing up to $2.19 billion of coverage for a first event in Florida and ... Read the full article
SCOR Business Solutions appoints Jennilee Foo-Kune as CUO
11th August 2026
SCOR Business Solutions, the large corporate risk insurance arm of SCOR, has announced the appointment of Jennilee Foo-Kune as Chief Underwriting Officer (CUO). Foo-Kune is a qualified actuary with extensive expertise across traditional actuarial fields and their application in commercial roles. She joined SCOR Business Solutions in September 2025 as Head of ... Read the full article
Insured nat cat losses fall to $42bn in H1’26: Swiss Re
11th August 2026
Global insured losses from natural catastrophes reached an estimated USD $42 billion in the first half of 2026, according to Swiss Re Institute, the research arm of global reinsurance company Swiss Re. The figure was down sharply from USD $91 billion in the first half of 2025 and was 16% below ... Read the full article
FM acquires wildfire intelligence provider FortressFire
11th August 2026
Commercial property insurer FM has acquired FortressFire, a provider of wildfire intelligence that combines machine learning and physics-based modeling; financial details of the transaction were not disclosed. FortressFire specialised in protecting homes, businesses and communities from wildfire loss through data-driven, science-backed approach risk modeling. Operating as an independent, wholly owned division of ... Read the full article
MS First Capital begins reinsurance operations from India’s GIFT City
11th August 2026
Singapore headquartered non-life insurer, MS First Capital Insurance Limited, commenced reinsurance operations from its new office in India's Gujarat International Finance Tec-City (GIFT City) on July 29th, 2026. Founded more than 75 years ago as The Public Insurance Company Limited, the insurer has evolved over the years via strategic acquisitions and ... Read the full article
Christopher O’Connor named Head of Professional Liability and Cyber, North America at AIG
11th August 2026
Christopher O’Connor has been appointed Head of Professional Liability and Cyber, North America at AIG. As Reinsurance News understands, this is an internal promotion, with O’Connor having been with AIG for over 15 years. He joined AIG in November 2010 as an Underwriting Analyst, before going on to lead AIG’s Financial Institution ... Read the full article
Nicklin succeeds Lees as Chubb’s Head of Major Accounts Division for UK&I
11th August 2026
Global property and casualty insurer Chubb has announced the appointment of Ed Nicklin as Head of Major Accounts Division for UK and Ireland (UK&I), succeeding Nick Lee. Having joined Chubb following a decade with ACE European Group, Lee led the Major Accounts Division for UK&I, for over six years, and has ... Read the full article
Climate-driven SCS to reshape how insurers price risk: First Street
11th August 2026
Severe convective storms (hail, damaging wind, and tornadoes) have become the costliest insured peril of the 21st century, reshaping how insurers, investors, and asset owners price risk, new First Street analysis reveals. In 2025, SCS generated approximately $82 billion in global economic losses, which accounted for nearly one-third of all worldwide ... Read the full article
Swiss Re appoints Andreas Schäfli as Head Multiline
11th August 2026
Swiss Re, one of the world’s largest reinsurance companies, has named Andreas Schäfli, who most recently served as Head of P&C Legacy, as Head of Multiline. Schäfli joined Swiss Re in 2007 and has since held various roles, ranging from pricing L&H treaties for the Middle East and P&C commutations for ... Read the full article
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