Reinsurance News
Gallagher names James Whittingham as COO, UK & Ireland
5th November 2026
Gallagher, an international insurance broking and advisory business, has appointed James Whittingham as Chief Operating Officer (COO) of its UK & Ireland business, effective April 2027, subject to regulatory approval. In the role, he succeeds Charles Crawford, who is retiring at the end of 2027. Whittingham will join Gallagher’s UK & Ireland ... Read the full article
Lemonade posts record gross profit of $118.1m in Q3’26 as growth accelerates
5th November 2026
AI-driven insurance company Lemonade has reported a record quarterly gross profit of $118.1 million for Q3 2026, up 48% from $79.9 million a year earlier. The insurtech said the result reflected a 73% jump in revenue to $336.1 million, helped by growth in gross earned premium and a higher premium retention ... Read the full article
Global InsurTech funding fell 44.6% to $1.36bn in Q3’26: Gallagher Re
5th November 2026
Reinsurance broker Gallagher Re's latest Global InsurTech Report found that global InsurTech funding fell 44.6% to $1.36 billion in Q3 2026 compared with the previous quarter, driven by a reduction in mega-round fundraising activity. According to the report, $100 million+ mega-round funding declined to $660 million in Q3’26 from $1.67 billion ... Read the full article
Canada Life Re achieves 17% rise in base earnings to CAD 309m for Q3’26
5th November 2026
Canada Life Re, Great-West Lifeco’s Capital and Risk Solutions reinsurance operation, delivered a 17% year-on-year increase in base earnings to CAD 309 million in the third quarter of 2026, mainly driven by strong new business growth in Capital Solutions. The global provider of risk and capital optimisation solutions has again delivered ... Read the full article
RiverStone International enters into $325m LPT with Clear Spring
5th November 2026
Global legacy acquirer RiverStone International has entered into a loss portfolio transfer (LPT) with Clear Spring Property and Casualty Company, a subsidiary of Delaware Life Insurance, covering approximately $325 million in net reserves. This announcement comes days after RiverStone International unveiled its ILS debut with an LPT of portfolios associated ... Read the full article
US cyber pricing stabilising, but tech risks and privacy claims loom: Howden Re
5th November 2026
Pricing for US cyber insurance is stabilising after dropping for several years; however, claims from the 2023 underwriting year are still developing, while vulnerabilities are being discovered and exploited faster, Howden Re analysts highlight in a recent report. Rate softening has now entered its fourth year, and whilst Howden Re's pricing ... Read the full article
Verdant Rock names Thomas as CUO and adds two senior leaders
5th November 2026
Verdant Rock Limited, a Bermuda Monetary Authority-regulated Class 3B insurance company, has appointed Carolyn Thomas as Chief Underwriting Officer (CUO), Kevin Downs as Chief Actuary, and Sarah Demerling as Global Head of Regulatory Affairs, effective 2 November 2026. Thomas is a Bermudian insurance professional with over 25 years’ experience in credit ... Read the full article
Allstate’s 9M’26 net income rises as Property-Liability underwriting income jumps 48%
5th November 2026
US primary insurer Allstate reported net income applicable to common shareholders of $7.72 billion for the first nine months of 2026, up 21.3% on the same period of 2025, as improved Property-Liability underwriting performance helped lift earnings. Adjusted net income for the first nine months of 2026 was $7.62 billion, up ... Read the full article
Oxbow Partners report finds AI could improve underwriting and pricing through claims data
5th November 2026
Oxbow Partners, a management consultancy focused on the insurance sector, has released a report titled The Future of AI in Claims, assessing how artificial intelligence could influence claims operations and decision-making within the commercial and specialty insurance markets. The publication considers the potential for insurers to move beyond using AI primarily ... Read the full article
The Fidelis Partnership appoints Rebecca Matts as Head of Corporate Affairs
5th November 2026
The Fidelis Partnership (TFP), a privately-owned Managing General Underwriter (MGU) based in Bermuda, has confirmed the appointment of Rebecca Matts as its new Head of Corporate Affairs, introducing a senior leadership position within the organisation. Matts will take up the newly created role, reporting to Group Chief Financial Officer Conor O'Riordan. ... Read the full article
Palomar’s GWP rises 28.4% for Q3’26
5th November 2026
Specialty property insurer Palomar Holdings has reported a rise of 28.4% in gross written premiums (GWP) for the third quarter of 2026 to $767 million, compared to $597.2 million in Q3'25. For the first nine months of 2026, GWP rose by 32% to $2.03 billion, compared to $1.54 billion for ... Read the full article
Gallagher Re names new global heads of analytics and AI transformation
5th November 2026
Gallagher Re, an international reinsurance broking and advisory business, has introduced two global leadership positions focused on analytics and artificial intelligence (AI), with Ed Messer and Jason Harger appointed to oversee the respective functions from 1 January 2027. The appointments, which remain subject to transition and succession planning arrangements, will see ... Read the full article
Westfield Specialty’s GWP rises 27% to $1.82bn for 9M’26
5th November 2026
Westfield Specialty, a global specialty insurance carrier, has reported gross written premiums (GWP) of $1.82 billion for the first nine months of 2026, up 27.2% from $1.43 billion in the same period a year earlier and ahead of company forecasts. Of the total GWP, 52% was generated by its US Specialty ... Read the full article
Swiss Re hires Aon’s Lori Goltermann as Chief Commercial Officer for Corporate Solutions
5th November 2026
Swiss Re, one of Europe's big four reinsurance companies, has appointed Lori Goltermann to the newly created role of Chief Commercial Officer for Swiss Re Corporate Solutions, effective 11 January, 2027. Goltermann will be based in Chicago and report to Ivan Gonzalez, Chief Executive Officer (CEO), Corporate Solutions, and join the ... Read the full article
Allianz Commercial 1893 to launch as new direct underwriting syndicate at Lloyd’s
5th November 2026
Allianz Commercial has revealed plans to establish Allianz Commercial 1893, a new direct underwriting syndicate at Lloyd’s, which is expected to begin trading from January 1, 2027, subject to final regulatory approval, with in-principle approval from Lloyd’s already in place. Allianz Commercial 1893 takes its name from the year Allianz first ... Read the full article
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