Reinsurance News
Clear Group CFO Tim Money to depart as Nathan Bavidge appointed successor
15th June 2026
Clear Group, an independent insurance intermediary and financial services group, has announced that its Chief Financial Officer, Tim Money, will leave the business at the end of June 2026 after more than six years in the role. The company said Money joined during a pivotal stage in its development and has ... Read the full article
Willis enhances climate risk modelling capabilities with updated climate diagnostic solution
15th June 2026
Willis, the insurance broking, risk advisory and consulting arm of WTW, has introduced an upgraded version of its Climate Diagnostic solution, aimed at helping organisations assess and respond to the growing impact of climate-related risks on property insurance markets. The updated tool forms part of WTW’s Risk IQ platform and, according ... Read the full article
Liberty and ICEYE launch new parametric wildfire insurance solution
15th June 2026
As wildfires increase in frequency and severity, Liberty Mutual Reinsurance and ICEYE, a provider of satellite-based disaster management solutions, have partnered to launch a new parametric wildfire insurance solution. This collaboration addresses the urgent need for faster risk solutions for wildfire-prone communities, leveraging high-resolution satellite data to provide immediate, rapid payouts ... Read the full article
55% of UK insurers have integrated AI but face execution gap: Earnix
15th June 2026
More than half (55%) of UK insurers have already integrated artificial intelligence (AI) into core business functions, but many are now confronting the industry's growing "AI execution gap", according to a recent report from Earnix, a Dynamic-AI platform for insurance. Earnix’s survey is based on insights from more than 400 global ... Read the full article
Swiss Re promotes Swart to MD & Head of Technical & Operational Excellence, APAC ex. China
15th June 2026
Global reinsurer Swiss Re has promoted company veteran Torben Swart to Managing Director (MD) and appointed him as Head of Technical & Operational Excellence, Asia Pacific (APAC) excluding China, effective August 1st, 2026. In his new role, Swart will help drive underwriting excellence, strengthen operational capabilities, and support business growth and ... Read the full article
Wilfrid Goh to lead VIG Re’s proposed Representative Office in Singapore
15th June 2026
VIG Re, the reinsurance arm of Vienna Insurance Group, has appointed Wilfrid Goh as Chief Representative Asia Pacific (APAC) of its proposed Representative Office in Singapore, effective July 1st, 2026, subject to approval from the Monetary Authority of Singapore (MAS). In his new role, Goh will lead the establishment of VIG ... Read the full article
William Furness-Smith appointed interim CEO of Tysers Singapore
15th June 2026
Specialist insurance and reinsurance broker Tysers has appointed William Furness-Smith as interim CEO of Tysers Singapore following the departure of Babita Rai, CEO & Executive Director, Reinsurance, who is leaving the business to pursue new interests. Furness-Smith's appointment as permanent CEO is subject to approval by the Monetary Authority of Singapore ... Read the full article
CyberCube partners with Affinity Marketplace to drive growth in SME cyber adoption
15th June 2026
CyberCube, a provider of cyber risk analytics, has entered into a strategic partnership with Affinity Marketplace to integrate insurance quoting within a single workflow, to drive growth in Small to Medium Enterprise (SME) cyber insurance adoption. The partnership aims to simplify several longstanding challenges faced by SMEs during insurance adoption, including ... Read the full article
Sapiens appoints Kellen Petersen as EVP Sales, Americas
15th June 2026
Sapiens, an intelligent insurance SaaS-based software solutions company, has appointed veteran insurtech sales leader Kellen Petersen as EVP Sales, Americas. He will be based in Washington, DC, and will report to James Hannay, Chief Revenue Officer, Sapiens. In his new role, Petersen will lead sales across the Americas with end-to-end accountability for ... Read the full article
GIFT City is attracting global reinsurance capital at scale, says PB Fintech’s Singh
15th June 2026
In an interview with Reinsurance News, PB Fintech’s Joint Group Chief Executive Officer, Sarbvir Singh, emphasised that a more open and predictable regulatory environment is attracting global reinsurance companies to India’s first International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT City). Insurance and reinsurance volumes have expanded rapidly at ... Read the full article
Augment Risk outlines parametric opportunity as 2026 World Cup kicks off
12th June 2026
With the 2026 FIFA World Cup underway, Augment Risk has highlighted a range of weather-related hazards across host locations, prompting insurers to increasingly turn to parametric solutions that provide rapid liquidity when predefined conditions are triggered. Global, specialist reinsurance broker Augment Risk has identified extreme heat as a widespread concern affecting ... Read the full article
Guy Carpenter appoints Phil Xue as MD and COO for Mainland China and Hong Kong
12th June 2026
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh, has announced the appointment of Phil Xue as Managing Director (MD) & Chief Operating Officer (COO) for Mainland China and Hong Kong, effective 1st of August 2026. Xue brings more than 20 years of experience across the insurance ... Read the full article
Porch uses captive reinsurer to buy shares from the Reciprocal
12th June 2026
The Porch Reciprocal Exchange (the Reciprocal) has sold approximately 2.1 million shares of Porch Group, Inc. common stock back to Porch for an aggregate purchase price of $15 million in cash, reflecting a purchase price of $7.17 per share. According to the announcement, both parties entered into the securities purchase agreement ... Read the full article
Nexus expands aviation underwriting division
12th June 2026
Nexus Underwriting, the independent specialty managing general agent, has announced the appointment of James Brandejs as Head of General Aviation within its Aviation team, reflecting the company’s ongoing investment in the growth of its Aviation underwriting division. Brandejs joins the business with nine years of underwriting experience and a broad background ... Read the full article
Banyan Risk launches healthcare liability line in Bermuda with Mereo capacity
12th June 2026
Banyan Risk Ltd, a Bermuda-based specialty Managing General Agent (MGA), has launched a Healthcare Professional Liability product in Bermuda, with strategic capacity from Mereo Insurance Limited (Mereo). The new Healthcare line focuses on complex US healthcare professional liability risks, including Hospitals and Allied Health. Kim Morgan joins Banyan Risk as Lead Underwriter, ... Read the full article
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