Reinsurance News
Chubb CEO says AI token costs are minor relative to efficiency gains
23rd July 2026
Evan Greenberg, Chairman and Chief Executive Officer (CEO) of global insurer Chubb, said the company’s AI token costs represent only a minor fraction of the efficiencies and improvements it gains. During Chubb Limited’s Q2 2026 earnings call, Greenberg was asked how the company can balance the rising costs of technology deployment ... Read the full article
Abundant capacity and competition drive 6% global commercial insurance rate decline in Q2’26: Marsh
23rd July 2026
Global commercial insurance rates fell 6% in Q2 2026, marking the eighth consecutive quarterly decline, driven by abundant capacity and strong insurer competition across all major product lines, according to the latest Global Insurance Market Index (GIMI) released by Marsh. "Strong insurer profitability, a surplus of capital, lower reinsurance costs, and ... Read the full article
Consilium appoints Samuel Outram as Managing Partner for Energy Risk Solutions Division
23rd July 2026
Global specialty re/insurance broker Consilium has appointed Samuel Outram as Managing Partner in its Energy Risk Solutions Division, as it expands its specialist Energy capabilities. Outram is a broker with over 17 years’ experience across the upstream and midstream energy markets, with deep expertise in first-party exposures across operators' extra expense/control ... Read the full article
BirdsEyeView expands Australian insurance presence through Market Lane partnership
23rd July 2026
BirdsEyeView, a technology provider delivering natural catastrophe modelling and exposure management solutions for the insurance industry, has announced a multi-year partnership with Market Lane Insurance Group, one of Australia's largest independently owned Lloyd's Coverholders. Through the collaboration, Market Lane Insurance Group and its related brands will utilise BirdsEyeView's CERA® platform to ... Read the full article
RenRe points to underwriting discipline as Q2’26 results demonstrate resilience in softer market
23rd July 2026
RenaissanceRe maintained underwriting discipline in a softer and more competitive market in Q2 2026, with CEO Kevin J. O’Donnell saying strong underwriting performance “anchored” results as the reinsurer delivered $599.1 million of underwriting income and a 72.8% combined ratio. While underwriting income was broadly unchanged from $601.7 million in Q2 2025, ... Read the full article
Aon names Brian Fomby as North America MD of PathWise
23rd July 2026
Aon plc, a global professional services company specialising in risk, retirement, health and wealth solutions, has appointed Brian Fomby as North America managing director of PathWise within the company's Strategy and Technology Group, due to take effect on 27 July 2026. In the role, Fomby will report to Van Beach, Aon's ... Read the full article
CatIQ reports final industry loss estimate for ‘24 Jasper wildfires at CAD 1,304m
23rd July 2026
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data, has disclosed its final industry loss estimate for the 2024 Jasper, Alberta wildfire, with total insured losses standing at CAD 1,304 million. The figure, released two years after the devastating blaze swept through Jasper National Park between 22 July and ... Read the full article
KYND warns insurers of growing hidden AI accumulation risk
23rd July 2026
KYND, a cyber risk intelligence provider that helps businesses and insurers understand and manage cyber exposure, has warned that insurers may be accumulating hidden AI-related risks across their portfolios as organisations introduce artificial intelligence tools without always disclosing their use. In its latest white paper, The Wild West of AI Risk, ... Read the full article
Flood Re enters second decade with £48.8m profit and 353,000 policies
23rd July 2026
Flood Re, the joint government and insurance industry scheme that helps make flood insurance available to eligible UK households at risk of flooding, has published its Annual Report and Accounts for the year ended 31 March 2026, revealing that it now supports an estimated 353,000 policies and has helped more ... Read the full article
Marsh eyes further growth in H2’26 despite reinsurance headwinds
22nd July 2026
A softening reinsurance market and property catastrophe rate declines weighed on Marsh’s reinsurance segment in the second quarter of 2026, yet executive leadership believes there are still strong growth opportunities in the sector. In Q2 2026, Guy Carpenter, a global reinsurance broker and Marsh business, saw its revenue go down ... Read the full article
SCOR hires Skyline Partners’ co-founder Sabatié to lead Natural Catastrophe Risks
22nd July 2026
SCOR, the French-based global reinsurance group, has announced the appointment of Laurent Sabatié as Head of Natural Catastrophe Risks, a London-based role. In his new position, Sabatié will play a vital part in further strengthening the company's capabilities within the critical area that is natural catastrophe risks. His key responsibilities will include ... Read the full article
US cats drive global insured losses in H1’26 as SCS dominate: Aon
22nd July 2026
US natural catastrophes generated approximately $36 billion in insured losses during the first half of 2026, accounting for 75% of global insured losses, according to Aon’s Global Catastrophe Recap: First Half of 2026 report. The country experienced 11 billion-dollar insured events during the period, including nine severe convective storm (SCS) outbreaks ... Read the full article
Neptune sees record figures in Q2’26 with revenue reaching $55.9m and net income $15.8m
22nd July 2026
Florida-based flood insurance group Neptune Insurance Holdings Inc., parent of Neptune Flood, has reported record financial results for the second quarter of 2026, seeing revenue growth of 33% and a net income increase of 36%. Revenue reached a record $55.9 million in the quarter, driven by continued growth of the renewal ... Read the full article
Aon appoints Michael Mahoney as Northeast Region Leader and Co-Head of the US
22nd July 2026
Aon, a global insurance and reinsurance broker and risk advisor, has appointed Michael Mahoney in dual roles of Northeast Region Leader and Co-Head of the US, effective August 1st, 2026. Upon joining the broker, Mahoney will serve on the Aon Executive Committee, while maintaining his seat in the North America Executive ... Read the full article
Chris Baker set to join Atrium as Head of Specialty Reinsurance
22nd July 2026
Atrium, a specialty insurer at Lloyd’s, has announced the appointment of Chris Baker as Head of Specialty Reinsurance. Baker will join Atrium in July 2027, following the completion of his contractual obligations, and will underwrite for the 2028 Year of Account. In his new role, he will develop Atrium’s specialty reinsurance portfolio, ... Read the full article
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