Reinsurance News
SCOR agreement extended by Energetic Capital as capacity expansion supports infrastructure growth
21st May 2026
Energetic Capital, a US-based specialist in credit insurance solutions for clean energy and infrastructure projects, has renewed its agreement with global reinsurer SCOR, extending a long-standing partnership that supports the company’s core credit insurance platform. The latest renewal, which marks the seventh consecutive extension of the arrangement between the two firms, ... Read the full article
Price Forbes announces three hires for new construction offering in South Africa
21st May 2026
Price Forbes, a specialist insurance and reinsurance broker, has launched a new construction offering in South Africa and appointed Alvin Dye, Paul Jacobs, and Kagiso Sephiphi to the newly formed team. Price Forbes has named Alvin Dye as Head of Construction. In this role, he will report to Kenny Thorpe, Chairman ... Read the full article
Prismic closes oversubscribed capital raise to support wider range of reinsurance opportunities
20th May 2026
Prismic Life Holding Company, LP (Prismic), a Bermuda-based life and annuity reinsurance platform sponsored by Prudential Financial, Inc. and Warburg Pincus, has announced the completion of an oversubscribed capital raise, securing approximately $1.9 billion in total commitments and exceeding its original $1.6 billion target. Prismic said the additional capital expands its ... Read the full article
AM Best reports strong recovery for Florida property insurers as market conditions improve
20th May 2026
AM Best, the international credit rating agency and insurance industry analytics provider, has reported a significant turnaround in the financial performance of Florida-based personal property insurers, with the sector generating close to $1 billion in underwriting profits after recording a $132 million underwriting loss two years earlier. The findings were published ... Read the full article
2026 cyclone season outlook points to fewer hurricanes but more typhoons: Munich Re
20th May 2026
Munich Re meteorologist and climate expert Anja Rädler said the 2026 cyclone season outlook is clearer than in recent years, with El Niño conditions expected to contribute to a slightly weaker Atlantic hurricane season while increasing the likelihood of a more active typhoon season in the western Pacific. However, according to ... Read the full article
Sands Point Risk acquires Launch Environmental Underwriters
20th May 2026
Sands Point Risk, an insurance platform focused on supporting opportunities for managing general underwriters, has acquired Launch Environmental Underwriters, expanding its platform in high-growth specialty insurance markets. Launch Environmental Underwriters is a specialised provider of environmental liability insurance solutions, focusing on complex risks in the energy, infrastructure, construction, chemical, M&A, and ... Read the full article
Howden US launches new Korean practice led by Brian Cho
20th May 2026
Global insurance and reinsurance broking group Howden has launched a new practice dedicated to serving Korean-headquartered companies with significant operations in the United States, led by Brian Cho as Managing Director. The appointment comes as the Republic of Korea deepens economic ties with the United States and Europe, including a pledge ... Read the full article
Distinguished Programs launches Marine Cargo programme with Allianz backing
20th May 2026
Distinguished Programs, a national MGA and insurance programme manager, has officially opened its Marine Cargo programme for business. The programme provides coverage for physical loss or damage to goods in transit and storage. Coverage includes Stock Throughput, Ocean/International Transit, Domestic Inland Transit, Foreign Inland Transit, and Contingent Cargo, addressing complex global ... Read the full article
Gallagher names Adam Stafford as COO of Specialty division
20th May 2026
Gallagher, an insurance brokerage, risk management and consulting firm, has appointed Adam Stafford as Chief Operating Officer (COO) for its Specialty division, thereby expanding its London Market operational expertise. The appointment is effective starting September 2026. In his new role, Stafford will report to Sarah Lyons, Chief Executive Officer, Gallagher Specialty ... Read the full article
Tokio Marine’s International business sees profit rise to JPY 473.9bn in FY’25
20th May 2026
Tokio Marine Holdings has announced its full year results for the 2025 fiscal year, reporting a 9.5% (excluding FX effects) year on year increase in its International business profits, rising to JPY473.9 billion from JPY428.4 billion. Despite the annual growth, this final figure represents a JPY50.1 billion decline compared to February ... Read the full article
Patriot Select Property and Casualty Insurance completes $310m cat reinsurance programme
20th May 2026
Patriot Select Property and Casualty Insurance Company, a US-based property and casualty insurer, has confirmed the successful completion of its 2026 catastrophe reinsurance programme, which will take effect on 1 June 2026. The arrangement is intended to provide financial protection against hurricane losses and severe weather events, while remaining aligned with ... Read the full article
BlueFive Capital to invest in Gulf General Cooperative Insurance Company
20th May 2026
BlueFive Capital, a global investment platform, has signed a binding share subscription agreement with Gulf General Cooperative Insurance Company (GGI), a publicly listed company on Saudi Arabia’s Stock Exchange. The strategic move aims to restructure GGI’s share capital to strengthen its financial position by first removing SAR 176 million share capital, ... Read the full article
Cotality report highlights growing hurricane and flood exposure across major US housing markets
20th May 2026
Cotality, a global provider of property information, analytics and technology-enabled data solutions, has published new research showing that New York has the largest concentration of homes exposed to hurricane-related risks in the United States. In its 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New York ... Read the full article
Aon names Masahito Hirai as CEO for Japan
20th May 2026
Aon plc, the global professional services company, has announced the appointment of Masahito Hirai as chief executive officer of its Japan operations, with the role taking effect from 30 June 2026. Hirai will oversee the company’s business strategy in Japan, with responsibility for growth initiatives and client service delivery across the ... Read the full article
Disciplined underwriting drives HDI Global’s Q1’26 income up 8% as CoR improves
20th May 2026
Corporate & Specialty insurer HDI Global has disclosed its Q1 2026 results, reporting that net income rose by 8% to €152 million, while its combined ratio improved to 91%, in line with the expectation of a full-year figure below 92%. According to HDI Global, the main drivers behind these results were ... Read the full article
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