Reinsurance News
Gallagher Re calls for improved AI model assessment methods to support insurance risk pricing
10th June 2026
Gallagher Re, a global reinsurance broker and advisory firm, has highlighted the need for more advanced methods of evaluating artificial intelligence systems in order to build greater confidence among insurers when pricing AI-related risks. In its standalone report, Anthropic’s Fourth Way: Why Restricted AI Models Are a Challenge for Insurers, Gallagher ... Read the full article
The Fidelis Partnership adds Rossiter and Bowman to senior leadership roles
10th June 2026
The Fidelis Partnership (TFP), a specialty insurance and reinsurance group, has appointed Alex Rossiter as Head of Portfolio Analytics & Risk Allocation and Greg Bowman as Group Head of Ceded Reinsurance Analytics. The two senior appointments strengthen the reinsurer's technical underwriting, portfolio analytics, and group‑level ceded reinsurance capabilities. In his expanded role ... Read the full article
Growing private credit exposure raises liquidity and concentration risks for US life insurers: Moody’s
10th June 2026
Moody’s Ratings, the credit ratings agency, has reported that US life insurers are increasing their exposure to private credit and other illiquid fixed-income assets, creating heightened liquidity, concentration and credit risks across the sector. According to Moody’s Ratings, US life insurers’ exposure to private credit and illiquid fixed-income assets is increasing ... Read the full article
Antoine Fleury to lead Swiss Re Corporate Solutions France
10th June 2026
Antoine Fleury has been appointed Directeur Général France for Swiss Re Corporate Solutions, effective 1 July 2026, subject to regulatory and internal approvals. Bruno Mostermans, who has led the French branch since 2011, is moving up into a broader international role as the new Head of Global Customer and Distribution Management, ... Read the full article
Mindanao earthquake insured losses to be limited due to Philippines’ protection gap: AM Best
10th June 2026
AM Best expects the Mindanao earthquake to generate multi-line economic losses, particularly from damage to property and infrastructure, but anticipates insured losses will represent only a small fraction of total economic damage due to the catastrophe protection gap in the Philippines. On 8th June 2026, a magnitude 7.8 earthquake struck the ... Read the full article
Cactus appoints Hamilton’s Keith Bernhard as CFO and Head of Audit
10th June 2026
Insurtech Cactus has announced the appointment of a new Chief Financial Officer (CFO) and Head of Audit, Keith Bernhard, a seasoned audit and risk management professional with over 30 years of experience across the insurance, reinsurance and public sectors. His appointment brings the rigour of public-company audit to the growing insurtech, ... Read the full article
Mexico lifts 2026–2027 parametric-led insurance cover to $596.3m
10th June 2026
The Mexican government is strengthening its commitment to protecting the population from natural disasters by renewing its 2026–2027 catastrophe insurance programme and doubling the insured sum to 10.4 billion pesos (US $596.3 million). According to a government announcement, the renewal will expand the State’s capacity to protect public assets and provide ... Read the full article
Angus Kench joins Munich Re Specialty, Global Markets, Australia
10th June 2026
Global reinsurer Munich Re has appointed Angus Kench as Head of Commercial Claims at Munich Re Specialty – Global Markets, Australia, effective July 1st, 2026. This appointment aligns with the reinsurer’s long-term growth ambitions, as it continues to build out the team following the recent appointment of Bob Algie. Kench has ... Read the full article
Steadfast gets A$7.7bn acquisition offer from Amwins and Dragoneer
10th June 2026
Australian insurance broker Steadfast Group has received a conditional, non-binding and indicative offer from Amwins Group and Dragoneer Investment Group to acquire 100% of its outstanding share capital for A$6.00 per share in cash, valuing the company at approximately A$7.7 billion. Amwins and Dragoneer - known as the consortium - intend ... Read the full article
Gallagher expands Middle East operations with new strategic investment
10th June 2026
Global insurance brokerage, risk management and consulting firm Gallagher has acquired a majority stake in ACE Re Gallagher Arabia Reinsurance Brokers, further reinforcing its commitment to supporting clients and businesses across the Kingdom of Saudi Arabia. The ACE Re Gallagher Arabia Reinsurance Brokers management team will reportedly transition seamlessly into the ... Read the full article
Willis Re hires Jim Summers from Guy Carpenter as Global Specialties CEO
10th June 2026
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired Jim Summers from rival broker Guy Carpenter to lead its Global Specialties operation, effective immediately. Summers assumes responsibility for strategic direction and driving growth across all specialty classes globally as CEO of the business. Working ... Read the full article
Simon Hawkins joins Aon as Executive Managing Director within the Global Legacy team
10th June 2026
Aon plc, a global professional services firm that provides risk, retirement and health solutions to clients worldwide, has announced the appointment of Simon Hawkins as Executive Managing Director for Reinsurance within its Global Legacy team, joining the company later this year. Hawkins will advise clients on complex legacy and run-off transactions, ... Read the full article
Ascot Group names Joseph Eppers as Group Chief Investment Officer
10th June 2026
Ascot Group Limited, a specialty reinsurance company, has confirmed the appointment of Joseph Eppers as Group Chief Investment Officer and as a member of its Global Executive Committee. The company said the appointment forms part of its continued development of senior leadership across its international investment operations. Within Ascot Group Limited, Eppers ... Read the full article
Gallagher Re appoints Eric Schwebach as EVP, North America Large Personal Property Product Leader
10th June 2026
Gallagher Re, the global reinsurance broking and advisory division of Arthur J. Gallagher & Co., has announced the appointment of Eric Schwebach as Executive Vice President (EVP), North America Large Personal Property Product Leader. Schwebach joins Gallagher Re with more than 20 years of reinsurance broking experience. Throughout his career, he ... Read the full article
Maximum Information launches PsiClone for live cyclone exposure monitoring
10th June 2026
Maximum Information has announced the launch of PsiClone, a new live event monitoring platform that aims to help insurers, reinsurers, and underwriting teams monitor portfolio exposure and respond earlier during active tropical cyclone events. Founded in 2020, Maximum Information is committed to increasing societal resilience to disasters through evolving risk modelling ... Read the full article
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