Reinsurance News
Marsh Nexus to help firms counter rising international employee benefit costs
16th June 2026
Marsh, a risk advisory, insurance broking and reinsurance services firm, has launched a new captive insurance solution, Marsh Nexus Captive Solution (Marsh Nexus), designed to support multinational organisations in managing risks and costs associated with soaring international employee benefit costs. According to Marsh’s Health Trends 2026 report, employer-provided health plans are ... Read the full article
Defne Turkes named President and MD Liberty International Insurance
16th June 2026
Global property and casualty insurer Liberty Mutual Insurance has announced the appointment of Defne Turkes as President and Managing Director (MD) of Liberty International Insurance (LII), the international division of Global Risk Solutions (GRS), effective July 1, 2026. She succeeds Phil Hobbs, who recently moved into the role of President of ... Read the full article
Hippo hails 2026 reinsurance overhaul as ‘structural evolution’ in move to enterprise-wide cat program
16th June 2026
Hippo Holdings Inc. has completed the placement of its 2026 reinsurance program, effective June 1, 2026, securing meaningful protection, improving capital efficiency and introducing new features, including a whole-account quota share that enhances flexibility, with the firm describing the renewal as a “significant structural evolution”. Hippo, a technology-native insurance group that ... Read the full article
Lockton adds Stéphane Lespérance as CEO of Canadian Retail business
16th June 2026
Lockton, an independent insurance broker, has appointed Stéphane Lespérance as Chief Executive Officer (CEO) of its new Canadian retail business. The appointment aligns with Lockton's overarching strategy to build a Canadian-led organisation to deliver enhanced, high-level advisory support to Canadian enterprises. It reflects the broker's longstanding work with Canadian clients and ... Read the full article
Braven closes $4.6m Seed round and launches London office
16th June 2026
Braven, a US-based technology company focused on building infrastructure for the insurance industry, has closed a $4.6 million Seed round to fund its expansion into the UK market, including the launch of a London office this month. Formerly known as Sytrex, Braven is an insurance infrastructure technology company headquartered in San ... Read the full article
Price Forbes expands fac capability for MEA region with two senior appointments
16th June 2026
Independent, specialist international wholesale insurance and reinsurance broker Price Forbes has appointed Tarek Semaan as head of facultative, Middle East & Africa, and Anthony Abi Fadel as director, facultative, both of whom will be based in Dubai. Reporting to David Howells, senior executive officer, Price Forbes Dubai, Semaan is tasked with ... Read the full article
Captives ‘coming home’ as PRA eyes 2027 UK regime launch
16th June 2026
Shoib Khan, Director of Insurance Supervision at the Bank of England, said the PRA is moving to build a UK captive regime aimed at reversing decades of offshore migration, with 2027 set as the moment captives are finally “coming home” to the UK. Captives are wholly owned insurance companies set up ... Read the full article
Aon promotes Hugo Carson to Greater Florida Market Leader
16th June 2026
Aon, a global re/insurance broker and risk advisor, has announced the promotion of Hugo Carson to Greater Florida Market Leader. Carson succeeds Brian Bark, who is now responsible for Aon's New York City Market. In his new role, Carson will lead the overall strategy, growth, and operations across Aon's Greater Florida market. ... Read the full article
Fitch reaffirms ‘deteriorating’ outlook for global reinsurance amid softer pricing cycle
16th June 2026
A new report from Fitch Ratings has reaffirmed its 'deteriorating' outlooks for the Global Reinsurance and UK London Market sectors, with softer pricing cycles said to be having a more acute effect. In a new report, Fitch noted that although the global insurance sector outlook remains “neutral” as of mid-2026, supported ... Read the full article
McKinsey executive Pradip Patiath joins AXIS Board of Directors
16th June 2026
AXIS Capital Holdings Limited has appointed Pradip Patiath, presently a Senior Partner at McKinsey & Company and a global leader in the firm’s Financial Services and Technology division, to its Board of Directors. Effective June 15, 2026, Patiath will join AXIS's Board, serving on its Risk and Human Capital and Compensation ... Read the full article
Willis report finds cyber insurance covers majority of data breach and first-party losses
16th June 2026
Willis, the insurance brokerage, risk advisory and risk management business within WTW, has released new research indicating that cyber insurance continues to provide significant financial protection against cyber incidents. In its latest report, Cyber claims in focus – getting value from cyber insurance, Willis found that insurance covers more than 95% ... Read the full article
Westfield Specialty launches UK & Europe liability portfolio, led by Keith Knight
16th June 2026
Westfield Specialty International, a specialty insurance provider, has expanded its casualty offering with the launch of a new UK and Europe liability portfolio. The newly established unit will be led by Keith Knight as Class Underwriter, and by Andy Skinner as Deputy Class Underwriter. The UK and Europe liability portfolio will underwrite ... Read the full article
Ariel Re promotes Tim Shreeve to Chief Commercial Officer
16th June 2026
Tim Shreeve has been appointed as Chief Commercial Officer of Ariel Re, tasked with identifying and advancing opportunities for growth across the Bermuda headquartered company. Shreeve joined Ariel Re as Head of Platform Development in 2021, after almost a decade working at Nephila Capital, the insurance-linked securities (ILS) specialist manager. In ... Read the full article
Bill Goldstein to lead CRC Group’s new Risk Solutions Division
16th June 2026
CRC Group, an independent wholesale specialty insurance distributor, has appointed Bill Goldstein as the Head of Strategic Partnerships, Capacity and Capital Solutions, to lead its newly created Risk Solutions Division. Goldstein will manage the firm's newest initiative to develop proprietary capacity, capital partnerships, and alternative risk vehicles. He will also lead the ... Read the full article
Indian government to sell 5% stake in GIC Re
16th June 2026
The Indian government is looking to sell up to 87,720,000 equity shares of Indian public sector reinsurer, General Insurance Corporation of India (GIC Re), to investors on June 16th and June 17th, 2026, collectively representing 5% of the total issued and paid up equity share capital of the reinsurer. The floor ... Read the full article
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