Reinsurance News
Markel Insurance’s underwriting profit rose 87% in Q4’25
5th February 2026
Markel Group reported that its insurance business, Markel Insurance, reported a hike of 3% in underwriting gross premium volume for the fourth quarter of 2025 to $2.32 billion from $2.25 billion a year earlier, while for the full year 2025, the increase was 4% to $10.6 billion, compared with $10.3 ... Read the full article
Allstate revenues increase 5.1% in Q4’25 with net income reaching $3.8bn
5th February 2026
The Allstate Corporation published its financial results for the fourth quarter of 2025, reporting $17.3 billion in total revenues, 5.1% higher than the prior year quarter, and a net income of $3.8 billion, which compares to the $1.9 billion seen in the same period last year. The insurer also reported its ... Read the full article
BDO expands global presence with launch of Bermuda office
5th February 2026
BDO, a provider of professional services, has expanded its global footprint with the official launch of BDO Bermuda, enhancing its ability to serve clients with Bermuda-domiciled structures. This expansion underscores BDO’s commitment to delivering audit and advisory services across the region, with Bermuda representing a strategically important jurisdiction for international business, ... Read the full article
ACORD names Austin as VP, Standards Engagement & Montecillo as MD, UK
5th February 2026
ACORD, the global standards-setting body for the insurance industry, has appointed Yolanda Austin as Vice President (VP) of Standards Engagement and Clarissa Montecillo as Managing Director (MD), ACORD UK. The two appointments underscore the organisation’s commitment to driving digitalisation across the global insurance industry and empowering leaders with the expertise and ... Read the full article
London Market looks to talent, capital and innovation as competition intensifies
5th February 2026
While the London Market has doubled in size over the past decade to $187 billion in GWP and contributes £61 billion to UK GDP, some smaller jurisdictions have reportedly grown faster in recent years, highlighting, according to the London Market Group (LMG), the need for new capital, high-quality young talent, ... Read the full article
Canopius appoints Adrian Phipps as Chief People Officer
5th February 2026
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointment of Adrian Phipps as Chief People Officer, effective June 2026. Phipps will succeed Chief Human Resources Officer Barbara Turner, who will retire later this year following more than a decade with the organisation. In his new role, Phipps ... Read the full article
Supply / demand dynamics to persist in property cat, but there’s strong rate adequacy in mid-year renewals: RenRe
5th February 2026
Bermuda-based reinsurance company, RenaissanceRe (RenRe), expects the supply demand dynamics in property catastrophe that played out at the January 1st renewals to persist into the mid-year renewals, but believes that the robustness of rate adequacy will produce a similar outcome to what the firm achieved at 1.1 2026, according to ... Read the full article
Beazley’s new Bermuda entity gets stable outlook as AM Best reacts to acquisition news
5th February 2026
Beazley Bermuda Insurance Limited (BBIL), the London-domiciled specialist insurer and reinsurer’s new Bermuda entity, has been assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) by credit ratings agency AM Best. The outlook assigned to these ratings is stable. The ratings align ... Read the full article
Everest’s income climbs as refined underwriting focus boosts 2025 results
5th February 2026
Everest has reported net income of $1.59 billion for 2025, up from $1.37 billion in 2024, while net investment income climbed to a record $2.1 billion, as the group sharpened its underwriting focus and streamlined its business. The firm also posted $17.7 billion in gross written premiums for the year, a ... Read the full article
HIVE adds two senior underwriters to new Marine platform
5th February 2026
HIVE Underwriters, an independent specialty managing general agent (MGA), is strengthening its new Marine specialty underwriting team with two new appointments: Alistair Marriott as Head of Marine, and Jared Short as Head of Transportation and Logistics. Both appointments are effective July 2026, on completion of their contractual obligations with current respective ... Read the full article
Relm strengthens executive leadership with Bermuda and UK appointments
5th February 2026
Relm Insurance, an insurer focused on emerging industries, has announced the appointment of three senior executives to its leadership team: Becky Vernon as Chief Legal Officer, Henry Paddison as Chief Operating Officer, and Shane Doyle as Chief Underwriting Officer. Vernon and Paddison will be based in Bermuda, while Doyle will be ... Read the full article
Hannover Re reports 3.3% rise in Jan 1 P&C reinsurance premiums
5th February 2026
Hannover Re reported that its total renewed premium volume in traditional property and casualty reinsurance increased by 3.3% to €10.535 billion at the January 1, 2026 renewals, despite a highly competitive market environment. The reinsurer noted that the growth was supported by its strong market position and long-standing, partnership-driven client relationships. According ... Read the full article
Roberto Pinto named Marsh Risk’s International Affinity Leader
5th February 2026
Marsh Risk, the insurance broking arm of Marsh, has announced the appointment of Roberto Pinto as International Affinity Leader, effective 23 February 2026. In his new role, Pinto will oversee the development of Marsh's affinity business across International, comprising Asia, Europe, Latin America & the Caribbean, India, the Middle East and ... Read the full article
Meiji Yasuda Group acquires Banner Life for $2.3bn
5th February 2026
Meiji Yasuda Group, a Japanese life insurance company, has completed the acquisition of Banner Life Insurance Company and William Penn Life Insurance Company of New York (the Banner Life family of companies) for approximately $2.3 billion. The acquisition follows the initial agreement announced in February 2025 and includes the U.S. term ... Read the full article
BHSI promotes Chris Polechronis to Head of Financial Institutions, US
5th February 2026
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has announced the promotion of Chris Polechronis to Head of Financial Institutions in the U.S. Based in New York, Polechronis will be responsible for the company’s financial institutions business nationwide. He brings nearly 25 years of industry ... Read the full article
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