Reinsurance News
Mapfre to acquire Safety Insurance Group for $1.54bn to strengthen Northeast position
24th July 2026
Mapfre, an international insurance company, through its subsidiary, Mapfre U.S.A. Corporation (Mapfre USA), has agreed to acquire Safety Insurance Group, Inc. (Safety), a property and casualty insurer with a strong presence in Massachusetts and several Northeastern states, in an all-cash transaction valued at $1.54 billion. This acquisition aligns with global re/insurer ... Read the full article
Apollo appoints David Burke to lead product recall underwriting strategy
24th July 2026
Apollo, a Skyward Group company, has appointed David Burke as class lead for its product recall business, reinforcing Apollo’s ongoing focus on building specialist capabilities and investing in experienced underwriting professionals. Burke will be responsible for shaping the underwriting approach for its product recall portfolio, supporting the continued development of the ... Read the full article
Climate X introduces global wildfire risk model for financial and asset-level decision-making
24th July 2026
Climate X, a provider of climate resilience analytics, has announced the launch of Global Wildfire, a global probabilistic wildfire model designed to help organisations assess and manage wildfire exposure at an asset level. The company said increasing wildfire frequency and severity are creating challenges for organisations seeking accurate and consistent risk ... Read the full article
RenRe CEO says firm is well positioned for softer market after decades of sound cycle management
23rd July 2026
During RenaissanceRe's Q2 2026 earnings call, CEO Kevin J. O'Donnell said the company has spent decades navigating the property catastrophe market and has developed a clear understanding of when to expand and when to remain disciplined. He added that property catastrophe rates remain broadly adequate and continue to guide the firm's ... Read the full article
AXA XL appoints Grace Xu as Senior Underwriter, Captives in Los Angeles
23rd July 2026
AXA XL, the property, casualty and specialty risk division of AXA, has appointed Grace Xu as Senior Underwriter, Captives, within its Alternative Risk Solutions team. Based in Los Angeles, California, she has taken up the role as the business continues to strengthen its captive insurance and alternative risk capabilities. Xu joins AXA ... Read the full article
Brown & Brown selects Anthropic, McKinsey and Accenture to support AI transformation
23rd July 2026
Brown & Brown, Inc. has announced that it is establishing artificial intelligence (AI) as a foundational enterprise capability, selecting Anthropic, McKinsey & Company and Accenture as partners to help rewire the business and scale AI responsibly across the organisation. The initiative is designed to leverage AI responsibly, transform key business processes ... Read the full article
KKR appoints former Manulife CEO Roy Gori as Senior Advisor
23rd July 2026
KKR, a global investment firm, has announced the appointment of Roy Gori, former President and Chief Executive Officer of Manulife, as a Senior Advisor. Gori will advise KKR on strategic opportunities across financial services and insurance, with a focus on Asia Pacific and international markets. He will provide strategic counsel on ... Read the full article
US insured SCS losses estimated to be below average in 2026: KCC
23rd July 2026
Insured losses from severe convective storms (SCS) are projected to be below average in 2026, according to catastrophe modelling firm KCC’s latest US SCS Bulletin. The updated outlook is based on losses in the first six months of the year. Historically, accumulated losses generated through the end of June account for ... Read the full article
Kane Bryant joins Pen’s Vessel Protect team as War Underwriter
23rd July 2026
Pen Underwriting, the multi-class multi-territory managing general agent (MGA), has announced the appointment of Kane Bryant as War Underwriter within its specialist marine war risk insurance unit Vessel Protect. Bryant is joining the company from Amphitrite Underwriting, where he specialised in marine hull and war risks. His professional background also includes tenures ... Read the full article
Canadian wildfire season expected to have limited impact on insurers: Morningstar DBRS
23rd July 2026
Morningstar DBRS, a global credit ratings agency that provides independent credit analysis and ratings across financial markets, has assessed the potential impact of Canada’s 2026 wildfire season on the country’s property and casualty (P&C) insurance sector. The company said that while large wildfires in Northwestern Ontario have resulted in evacuation orders, ... Read the full article
Kemper appoints Eric Kappler as EVP and President, P&C
23rd July 2026
US-based insurer Kemper Corporation has announced the appointment of Eric Kappler as Executive Vice President and President, P&C, effective 30 July 2026. Kappler succeeds Matthew Hunton, who has left the company after seven years of service. In his new role, Kappler will lead Kemper’s unified P&C organisation, including specialty personal and commercial ... Read the full article
Reinsurers need to use the soft market to position for the next hard market: Oxbow Partners
23rd July 2026
Rather than simply restricting growth in a soft market, reinsurers should actively use the period of market softening to prepare for and position themselves for the next hard market, according to Oxbow Partners. According to Oxbow research, the most successful reinsurance companies achieve best cross-cycle performance by pursuing growth throughout the ... Read the full article
Santam Syndicate 1918 expands underwriting expertise with senior London Market hires
23rd July 2026
Santam Syndicate 1918, a Lloyd's syndicate within the Santam Group, Africa's largest non-life insurer, has strengthened its underwriting team with the appointment of two experienced London Market professionals. The company has recruited Neil Smith to establish and lead its International Motor offering, while Stephen Kiedish has joined as Senior Underwriter in ... Read the full article
RLI’s gross premiums written rise 3% to $579.7m in Q2’26
23rd July 2026
Specialty insurer RLI Corp. has reported gross premiums written (GPW) of $579.7 million for the second quarter of 2026, up 3% from $562.3 million in the same period a year earlier. RLI said the increase in GPW was driven by its Casualty segment, which generated $339 million in premiums. Property generated ... Read the full article
Goosehead names Mark Jones, Jr. as CEO, Mark Miller to retire at year-end
23rd July 2026
Goosehead Insurance, an independent personal lines insurance agency, has appointed Mark Jones, Jr., as its new Chief Executive Officer (CEO), effective January 1st, 2027, as Mark Miller retires on December 31st, 2026. Currently, Jones, Jr. serves as the President and Chief Operating Officer of Goosehead. Additionally, post-retirement, Miller will continue to ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
