Reinsurance News
AI creates new competitive dynamics across the insurance sector: McKinsey & Company
28th July 2026
In a recent analysis, McKinsey & Company, a management consulting firm, examines how artificial intelligence (AI) could influence the future direction of the global insurance sector, arguing that insurers, distributors and technology providers that prepare early may be better positioned as industry structures evolve. According to McKinsey & Company, the ... Read the full article
Kristin Daur appointed President of Ryan Specialty Renewables, Head of NA
28th July 2026
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has appointed Kristin Daur as President of Ryan Specialty Renewables - Head of North America, effective immediately. Ryan Specialty Renewables is RSUM’s managing general underwriter focused on the global delivery of renewable and energy transition solutions. The unit was recently ... Read the full article
AM Best says MAPFRE’s Safety Insurance acquisition is strategically compelling
28th July 2026
Credit rating agency AM Best has described Spain-based multinational insurance group MAPFRE S.A.'s planned acquisition of Safety Insurance Group, Inc. as strategically compelling, saying the transaction brings together two insurers with similar regional footprints and product offerings while strengthening MAPFRE's position in Massachusetts and supporting its expansion across the New ... Read the full article
Oman Re’s revenue rises in H1’26 as combined ratio strengthens to 89.2%
28th July 2026
Oman Re, the Sultanate of Oman’s sole reinsurer, has reported an increase in reinsurance revenue for the first half of 2026 to OMR 27.5 million ($71.4 million), an increase on the prior year's OMR 26.4 million ($68.8 million), while disciplined underwriting saw the combined ratio improve year-on-year. In a solid period ... Read the full article
Integra and Congregational select Hadron as UK underwriting partner
28th July 2026
UK-based MGA brands Integra Insurance Solutions and Congregational Insurance Solutions have partnered with Hadron, a multinational specialty carrier modernising the delegated authority market, to provide underwriting capacity for their respective home and church insurance programmes. Both businesses form part of Integra Group, which is owned by one of the world's leading ... Read the full article
Cincinnati’s net income jumps 83% to $1.26bn in Q2’26
28th July 2026
US primary insurer Cincinnati Financial Corporation reported a net income of $1.255 billion for the second quarter of 2026, up 83% from $685 million in the same period a year earlier. Cincinnati said the result is after recognising an after-tax increase of $882 million in the fair value of equity securities ... Read the full article
MNK International launches International Energy division with appointment of new MD
28th July 2026
MNK International, an independent Lloyd’s broker providing specialist insurance and risk solutions to clients internationally, has appointed William Wakeham as Managing Director, International Energy, as it establishes a dedicated energy division. The broker said the move forms part of its plans to expand its energy broking capabilities in emerging and specialist ... Read the full article
Robert R. Coyne, Jr. to succeed Daniel R. Westcott as President of Berkley Re America
28th July 2026
Insurance holding company W. R. Berkley Corporation has appointed Daniel R. Westcott as Executive Vice President (EVP), as Robert R. Coyne Jr. succeeds him as President of Berkley Re America, while Robert C. Hewitt has been named Chairman of Berkley Re. All appointments are effective immediately. Berkley Re is a global ... Read the full article
Aon launches AI Risk Diagnostic to help organisations manage AI risks
28th July 2026
Aon, a global insurance and reinsurance broker and risk advisor, has launched its AI Risk Diagnostic, an enterprise-level assessment designed to help organisations understand and manage AI-related risk. As AI becomes increasingly embedded across business operations, the diagnostic provides a structured view of AI governance, maturity and risk exposure to support ... Read the full article
Brown & Brown sees H1’26 revenues hit $3.6bn following strong second quarter
28th July 2026
Brown & Brown, Inc. has reported that its total revenues for H1 2026 reached $3.6 billion, up approximately $888 million, or 33%, from the same period in 2025. According to the firm, Organic Revenue decreased by 0.7% in H1 2026, while Organic Revenue with Contingents increased by 0.7%. Meanwhile, net income attributable ... Read the full article
MAP and ZestyAI partner to strengthen wildfire risk analysis
28th July 2026
MAP Underwriting (Managing Agency Partners), a Lloyd’s of London managing agency, has adopted ZestyAI’s Z-FIRE to strengthen wildfire risk analysis across its property reinsurance portfolio. MAP has selected Z-FIRE, ZestyAI’s wildfire risk model, to improve the evaluation and management of California wildfire risk within its property re/insurance portfolio. The partnership marks ZestyAI’s ... Read the full article
RiverStone International closes second LPT with Pacific Valley Insurance
28th July 2026
RiverStone International, a global acquirer and reinsurer of legacy and discontinued insurance business, has signed its second loss portfolio transfer (LPT) reinsurance agreement with Pacific Valley Insurance Company. Pacific Valley is a wholly owned captive insurance subsidiary of the ride sharing company Lyft. In March 2025, RiverStone secured its first LPT ... Read the full article
Munich Re Specialty launches parametric earthquake solution through Lloyd’s Japan
28th July 2026
Munich Re Specialty, supported by the expertise of Munich Re Capital Partners, has launched a parametric earthquake insurance solution for corporate clients in Japan, using the Lloyd’s Japan platform. The parametric earthquake cover is reportedly designed to provide access to liquidity funds following an event, supporting recovery and continuity even in ... Read the full article
Swiss Re appoints Benjamin Savill as CEO of Australia & New Zealand
28th July 2026
Global reinsurer Swiss Re has appointed Benjamin (Ben) Savill as Chief Executive Officer (CEO) of Australia & New Zealand, based in Sydney, effective October 1st, 2026, subject to regulatory approvals. In his new role, Savill succeeds Trent Thomson, who was appointed as the Global Head of Specialty Reinsurance at Swiss ... Read the full article
Korean Re to accelerate AI transformation with MegazoneCloud partnership
28th July 2026
Korean Reinsurance Company, South Korea’s only domestic, professional reinsurer, has partnered with MegazoneCloud, an artificial intelligence (AI) and cloud company, to accelerate AI transformation (AX) across its reinsurance business. The two companies signed a strategic memorandum of understanding (MOU) on July 22 agreeing to combine their expertise in generative AI, big ... Read the full article
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