Reinsurance News
Admiral Group to broaden its motor offering with Flock acquisition
13th February 2026
Admiral Group, an UK-based insurance company, has reached an agreement to acquire Flock, a digital commercial fleet insurance provider. Valued at £80 million, the acquisition, subject to regulatory approval, gives Admiral access to Flock’s innovative telemetry technology, which tracks vehicle data in real time. Flock’s digital platform uses proprietary AI-driven risk models ... Read the full article
AF Group promotes Mike Valiante to President, Commercial Markets
13th February 2026
Insurer AF Group has promoted Mike Valiante, who joined the firm in 2011 as Director of Field Operations for its Third Coast Underwriters brand, to the role of President of Commercial Markets. After joining the firm in 2011, Valiante was promoted to Vice President in 2013, and was in charge of business ... Read the full article
Cyber insurance rates decline despite surge in claims: Lockton
12th February 2026
Cyber insurance premiums have fallen despite an increase in cyber incidents and rising claims, marking a “rare divergence between underlying risk and insurance pricing,” according to a recent report from insurance broking group Lockton. During the 12 months ending August, organisations experienced a 129% increase in ‘nationally significant’ cyber security incidents, ... Read the full article
Beazley survey finds risk convergence driving insurance investment in 2026
12th February 2026
Specialist insurer Beazley has found that businesses worldwide are navigating a more interconnected risk environment in 2026, with technology and geopolitical pressures emerging as the joint leading concerns. In its latest Risk & Resilience survey, Beazley reports that organisations are responding by embedding insurance and structured risk management more deeply into ... Read the full article
Brown & Brown sees rate conditions shifting in favour of prepared buyers
12th February 2026
Brown & Brown, Inc., an insurance brokerage and risk management services firm, has released its 2026 Market Trends report, providing a detailed assessment of developments across the insurance landscape and notes that rate conditions in several areas are beginning to move in a more favourable direction for buyers who approach ... Read the full article
AXA DCP partners with Planet to track natural catastrophes
12th February 2026
AXA Digital Commercial Platform, a 'first-of-its-kind' AI-powered all-in-one risk management system and newest arm of AXA, has partnered with Earth imaging company Planet to track natural catastrophes such as earthquakes and hurricanes. Developed to address the challenges of the “polycrisis,” AXA DCP integrates advanced technology, extensive data, third-party software, artificial intelligence, ... Read the full article
Markel Insurance appoints Zurich’s John Bang as Head of Korea and Japan
12th February 2026
Markel Insurance, the insurance operation within Markel Group Inc., has appointed John Bang as its inaugural Head of Korea and Japan, effective immediately. He will be responsible for launching Markel International's Japan and Korea desks, overseeing business development and deepening relationships with local partners and cedents. In his new role, Bang will ... Read the full article
AM Best revises outlook on US D&O liability insurance segment to stable
12th February 2026
AM Best has announced it is revising its market segment outlook for the US directors and officers (D&O) liability insurance segment to stable from negative, citing rate stabilisation and improving loss ratios, among other factors. The upgrade signals a critical moment for a sector that has faced years of volatility, declining ... Read the full article
Philippe Domart to lead Covéa Insurance UK as CEO
12th February 2026
Covéa Insurance UK has appointed Philippe Domart as its Chief Executive Officer (CEO), subject to regulatory approval, effective April 1st, 2026. In the new role, Domart succeeds Georges De Macedo. Additionally, he will relocate to the UK to be closer to the teams and partners. This appointment aligns with the group’s long-term ... Read the full article
Chubb appoints Morales as Regional Executive Officer of Spain, Portugal, Italy
12th February 2026
Large US insurer Chubb has announced the appointment of José Ramón Morales as Regional Executive Officer, Southern Region (Spain, Portugal, Italy) and Head of the Underwriting Centre, Continental Europe, Middle East and North Africa, effective April 1, 2026. Morales joins Chubb with 25 years of insurance experience, where he will be ... Read the full article
Prudent management and few cat events drive record 2025 for Mapfre Re
12th February 2026
Mapfre has reported that Mapfre Re, which encompasses its Reinsurance and Global Risks businesses, delivered a record result of €381 million in 2025, an increase of 17.2% year on year, driven by prudent management and the absence of catastrophe events. Of the total, the Reinsurance division contributed €329.5 million, posting a ... Read the full article
Severe weather in Andalusia tests Spain’s agricultural insurance framework: Morningstar DBRS
12th February 2026
Morningstar DBRS, the credit ratings agency, has stated that severe and persistent weather events in southern Spain are adding pressure to the country’s agricultural insurance framework, while leaving private insurers largely insulated from material losses. In its latest commentary, Morningstar DBRS highlighted that Andalusia, which it rates A (high) with a ... Read the full article
Descartes strengthens European footprint with strategic hires and promotions
12th February 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has expanded Commercial Director Juan Maria Marqués Domenech’s responsibilities to cover Central Europe in addition to Iberia. In a move to further strengthen the company’s presence across Europe, Descartes also appointed Felix Dalheimer as Business Developer for ... Read the full article
Mission appoints Tom Hill as Chief Commercial Officer, UK and Europe
12th February 2026
Global MGA incubator Mission has appointed Tom Hill as Chief Commercial Officer (CCO) of the UK and European operation. Hill is a career-long MGA specialist, and brings a unique combination of underwriting, DUA placement and MGA founding experience. The appointment aims to leverage his technical underwriting experience to drive commercial strategy and ... Read the full article
IAG maintains FY26 insurance profit target despite RACQI impact
12th February 2026
IAG has reported net profit after tax for H1 of the 2026 financial year of AU$505m, down from AU$778m in the same period of 2025. The result was impacted by the one-off RACQI impact of AU$174m from severe seasonal weather immediately following the acquisition, and before the business was integrated into ... Read the full article
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