Reinsurance News
Gallagher Re appoints new broker for UK Casualty Fac
9th March 2026
Gallagher Re, a global reinsurance brokerage and advisory firm, has appointed Michael Stankard as Broker for UK Casualty Facultative. Stankard brings over 16 years of experience in financial and professional lines re/insurance. He began his career as an Assistant Professional Indemnity Underwriter at Towergate Underwriting Financial Risks, then joined HCC International as ... Read the full article
TD Cowen: AI likely to augment rather than replace insurance brokers
9th March 2026
A new analyst report from US-based investment bank and research firm TD Cowen argues that concerns about artificial intelligence (AI) fundamentally disrupting the insurance brokerage sector may be exaggerated, with the firm suggesting that the technology is more likely to enhance brokers’ capabilities than eliminate their role. The analysis, led by ... Read the full article
Generali agrees to sell Irish and Northern Irish P&C operations to Zurich
9th March 2026
Generali has reached an agreement for the sale of its Irish and Northern Irish P&C operations, carried out through the Irish and UK (Northern Ireland) branches of Generali Spain under the RedClick brand, to Zurich Insurance Europe AG and Zurich Insurance Company Ltd, UK Branch, both part of the Zurich ... Read the full article
Aon’s Livy Dai to lead Lockton China as CEO
9th March 2026
International insurance broking group Lockton has appointed Livy Dai as the new Chief Executive Officer (CEO) of Lockton China, based in Shanghai, reporting to Alex Yip, CEO of Lockton Greater China. He has nearly three decades of experience in risk management and insurance brokerage, along with a strategic mindset, client-centric focus, ... Read the full article
ABIR and Insurance Ireland call for regulatory changes to strengthen EU securitisation market
9th March 2026
The Association of Bermuda Insurers and Reinsurers (ABIR), an industry association representing Bermuda’s international insurers and reinsurers, and Insurance Ireland, the representative body for the Irish insurance sector, are urging European Union policymakers to make regulatory adjustments to the EU securitisation framework. According to the organisations, such changes would allow proven ... Read the full article
AXA XL names Sebastian Weaver as Head of Energy, UK & Lloyd’s
9th March 2026
AXA XL has appointed Sebastian Weaver as Head of Energy, UK & Lloyd’s, where he will lead the development and execution of underwriting strategies for the business, driving profitable growth, enhancing risk management, and expanding market presence. Weaver joins AXA XL from QBE, where he most recently served as Head of ... Read the full article
South Africa’s Santam eyes further international growth following strong 2025
9th March 2026
Santam Limited, South Africa’s largest general insurer, reported improved underwriting profitability in 2025 with a stronger combined ratio of 88.7%, while its Santam Re and Specialist Solutions businesses also performed well, increasing their non-South African gross written premiums (GWP) by 11% to R6.8 billion. Across the group, GWP rose to R43.96 ... Read the full article
Lockton Re to deploy agentic AI to streamline, drive growth
9th March 2026
Lockton Re, the reinsurance business of global broking group Lockton, has collaborated with Synechron (formerly known as Cloobees), a global digital transformation consulting firm, to launch the Agentforce 360 Platform, Salesforce’s agentic platform. This launch comes as the broker embraces AI, and notably agentic AI as a core part of its ... Read the full article
U.S. DFC to reinsure maritime losses in the Gulf of up to $20bn on a rolling basis
9th March 2026
The United States (U.S.) International Development Finance Corporation (DFC) and the U.S. Treasury have unveiled a plan to deploy Maritime reinsurance, including war risk, in the Gulf region, which has been approved by President Trump. This new agreement was announced by Ben Black, Chief Executive Officer (CEO) of DFC, and Scott ... Read the full article
Brokerslink enters Latvia
9th March 2026
Global broking business Brokerslink has expanded its international footprint by appointing Riga-based retail broker, Perks, as its affiliate in Latvia. This addition marks Brokerslink’s entry into a new country, strengthening its presence across the Baltic region. Perks, an independent insurance broker specialising in corporate and SME risks, including property, business interruption, and ... Read the full article
Mission strengthens UK and Europe team with four senior appointments
9th March 2026
Mission, a MGA incubator, has announced four senior appointments as part of efforts to strengthen its UK and European operations and support its ongoing growth strategy. The company has appointed Abz Shipon and James Gallagher as Account Directors, Courtenay Davison as Head of Technology Delivery, and Rayhanah Russell as Programme Manager. Mission ... Read the full article
SCOR will ‘cautiously try to expand’ NA nat cat portfolio if prices remain adequate: CEO Léger
6th March 2026
Global Paris-headquartered reinsurance company SCOR is eager to expand its North America (NA) natural catastrophe (nat cat) portfolio so long as pricing remains adequate, Thierry Léger, Chief Executive Officer, said on the firm’s media call earlier this week. SCOR delivered a strong performance in the fourth quarter and full year ... Read the full article
SageSure and Auros complete $175m US multi-peril cat bond issuance
6th March 2026
SageSure, a US residential property managing general underwriter operating in catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned property insurer, have confirmed the completion of the $175 million Gateway Re Ltd. Series 2026-2 catastrophe bond issuance. The transaction adds to SageSure’s activity in the insurance-linked securities (ILS) ... Read the full article
New MGA Elitium enters market with focus on manufacturing businesses & unoccupied properties
6th March 2026
New managing general agent Elitium, incubated by Mission, has launched to provide commercial combined insurance for select trades within the manufacturing sector, and property cover for well-maintained unoccupied residential and commercial properties. Elitium employs a strategy rooted in traditional, expert-led underwriting, the firm explains. This approach relies on genuine communication, expertise, ... Read the full article
BHSI names Rory O’Broin Global Head of Transactional Liability
6th March 2026
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty and specialty insurance and part of Berkshire Hathaway, has appointed Rory O’Broin as Global Head of Transactional Liability. In this position, O'Broin will oversee BHSI’s transactional liability operations worldwide. He brings significant international experience in M&A-related transactional liability, contingent risk ... Read the full article
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