Reinsurance News
Asian Re posts $6.7m net profit and 91.4% CoR for 2025
22nd May 2026
Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, has reported a strong financial performance for 2025, with a net profit of $6.7 million and a combined ratio of 91.4%. Asian Re’s portfolio has grown steadily since 2018 through a number of strategic initiatives implemented by management, delivering a CAGR of ... Read the full article
Pro Global enters Australian market through GSI Professional Services acquisition
22nd May 2026
Pro Global, an international provider of specialist services, consulting and technology solutions for the insurance industry, has announced the acquisition of Australian audit and advisory firm GSI Professional Services. The deal strengthens Pro Global’s Audit & Advisory operations internationally and marks a strategic step in the company’s broader expansion plans across ... Read the full article
Carlos Grijalva joins Gallagher Re as Head of Cyber for APAC
22nd May 2026
Gallagher Re, the global reinsurance broking and advisory firm, has announced the appointment of Carlos Grijalva as Executive Director, Head of Cyber for APAC. Based in Hong Kong, Grijalva reportedly brings extensive experience across underwriting and broking roles in the APAC cyber market. Most recently, he served as Head of Cyber Sales, ... Read the full article
Weinbach named as CEO-Elect at Radian ahead of Thornberry retirement
22nd May 2026
After nearly a decade at the helm, Radian Group Inc. Chief Executive Officer Rick Thornberry has reportedly informed the company’s Board of Directors of his intention to retire in December 2026, with Mike Weinbach set to become CEO-Elect effective June 1, 2026. Since joining Radian as CEO in 2017, Thornberry has ... Read the full article
AXA XL promotes Goepp to Head of West, Excess Casualty and Bueno to Head of Central, USRM
22nd May 2026
French insurer AXA’s property, casualty and specialty risk division, AXA XL, has promoted Nick Goepp to Head of West, Excess Casualty and Lexi Bueno to Head of Central, US Risk Management (USRM). Both Goepp and Bueno will report to Matthew Stitham, Chief Underwriting Officer (CUO), Casualty for the Americas region. Goepp is ... Read the full article
Westfield Specialty reports $559m GWP and 95.7% CoR for Q1’26
22nd May 2026
Westfield Specialty, a global specialty insurance carrier, has announced its financial results for the first quarter of 2026, reporting gross written premium (GWP) of $559 million, a 31% year over year increase, alongside a combined ratio of 95.7%. Despite a more active loss environment during the quarter, these results exceeded the ... Read the full article
Willis strengthens Corporate Risk & Broking NA platform with new leadership appointments
22nd May 2026
Willis, a WTW business, has announced new leadership appointments across Corporate Risk & Broking North America designed to strengthen the platform’s growth. As part of these moves, Michael Butch has been hired as Growth Operations Leader for North America, a newly created role. In his new position, Butch will leverage his over ... Read the full article
Lockton Re launches Brazil ILS platform
22nd May 2026
Lockton Re, the reinsurance business of independent insurance broker Lockton, has announced the launch of a dedicated insurance-linked securities (ILS) platform for Brazil. The reinsurance broker has fully deployed its advisory and structuring capabilities through locally licensed Special Purpose Securitization Entities (SSPE) dedicated to Brazil's Letra de Risco de Seguro (LRS) ... Read the full article
Aon appoints Christian Rindlisbacher as Head of Casualty, Nordic Broking Centre
22nd May 2026
Global re/insurance broker and risk advisor Aon has announced the appointment of Christian Rindlisbacher as Head of Casualty, Nordic Broking Centre. Rindlisbacher brings more than 20 years of industry experience, including leadership positions at AIG and Aon, and an extensive network across the Nordics and EMEA region. Most recently, he served as ... Read the full article
Allstate estimates $870m in cat losses for April
21st May 2026
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses for the month of April 2026 of $870 million or $687 million, after-tax. These losses include 10 wind and hail events, with approximately 70% of the losses related to two events. Comparably, for Read the full article
Shory and OrbitWorks partner to advance satellite insurance and space data
21st May 2026
Shory Group, a fully digital AI-driven Insurtech platform and part of Judan Financial Holding, has collaborated with OrbitWorks, the UAE’s first commercial satellite constellation production and operation company, to advance satellite insurance and space data. The announcement was made at Make it in the Emirates, the UAE’s national platform showcasing industrial ... Read the full article
American Coastal renews core cat reinsurance programme with $1.918bn coverage
21st May 2026
Florida-based American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance programme (Core CAT) for 2026/27, purchasing approximately $1.918 billion of occurrence-based limit in the aggregate, an increase of $241.5 million, or 14.4% from the previous year. For the renewed Core CAT programme, facilitated through its insurance subsidiary AmCoastal, ... Read the full article
Aon expands credit reinsurance hub model amid rising global demand
21st May 2026
To meet growing demand, global professional services firm Aon has strengthened its credit reinsurance offering by advancing a hub-led strategy that connects clients with capital through globally coordinated teams with local market presence. As part of the development, Rupert Evans, international head of credit and financial risks reinsurance for Aon, will ... Read the full article
Cedents set to benefit from recent wave of M&A activity: Willis Re
21st May 2026
According to Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, the recent wave of mergers and acquisitions (M&A) across the global reinsurance sector is expected to be broadly positive for cedents, as larger and better-capitalised reinsurers emerge without a significant reduction in market ... Read the full article
HIVE Underwriting adds James Lee as Non-Executive Director
21st May 2026
HIVE Underwriting, the holding company of HIVE Underwriters (HIVE), a Managing General Agent (MGA), and Lloyd’s coverholder, has appointed James Lee as Non-Executive Director, effective May 19th, 2026. The move aims to further strengthen its Board, governance, and leadership capability as the business seeks long-term growth and expands its presence as ... Read the full article
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