Reinsurance News
Gallagher Re appoints Russell Hails as Executive Director, Head of MGA Solutions, APAC
12th May 2026
Gallagher Re, a global reinsurance broker and risk advisory firm, has announced the appointment of Russell Hails as Executive Director, Head of MGA Solutions, APAC. Hails joined Gallagher Re last year with a mandate to rebuild its MGA proposition in the Pacific region. In his expanded role, he will work closely with ... Read the full article
K2 Insurance Services completes acquisition of Oculus Underwriters
12th May 2026
K2 Insurance Services, a specialty insurance firm focused on building and supporting niche insurance programmes, has confirmed the acquisition of Oculus Underwriters. As part of the deal, Oculus Underwriters will become part of Vikco Insurance Services, operating under the established brand within the K2 Insurance Services group. Oculus Underwriters specialises in providing ... Read the full article
Swiss Re appoints Trent Thomson as Head of Global Specialty
12th May 2026
Global reinsurer Swiss Re has announced the appointment of Trent Thomson as Head of Global Specialty, effective 1st July 2026. Thomson will succeed Anne Lohbeck and will be based in London. Currently serving as CEO Australia & New Zealand at Swiss Re, he brings nearly three decades of industry experience. Thomson joined Swiss ... Read the full article
AM Best survey finds rapid AI uptake in insurance sector despite structural barriers
12th May 2026
AM Best, a global credit rating agency specialising in the insurance sector, has surveyed carriers and managing general agents (MGAs) to evaluate the growing influence of artificial intelligence (AI) across the industry. The results indicate that almost 60% of respondents anticipate AI will materially reshape their business models within the next ... Read the full article
Talanx expands Mexican operations through 20-year agreement with Afirme Grupo Financiero
12th May 2026
The Talanx Group, the parent company and majority shareholder of Hannover Re, has entered into a strategic 20-year bancassurance agreement with Afirme Grupo Financiero in Mexico to sell non-life and life products. This partnership with Afirme Grupo Financiero aims to allow Talanx to realise its strategic objectives by growing in motor, ... Read the full article
Munich Re generates Q1’26 net result of €1.7bn as P&C combined ratio improves to 66.8%
12th May 2026
Global reinsurer Munich Re generated a stronger net result of €1.7 billion in the first quarter of 2026 compared with €1.1 billion a year earlier, as the technical result increased by roughly €600 million to €2.7 billion on the back of low major-loss costs in its reinsurance business, which achieved ... Read the full article
Aon updates Climate Risk Monitor 3.0 to assess heat stress and rising cooling demand
12th May 2026
Aon, a global professional services firm focused on risk and insurance-related advisory, has released an updated version of its Climate Risk Monitor platform, enhancing its ability to quantify physical climate risks and support decision-making across industries. The latest release, CRM 3.0, introduces Heat Stress analytics that assess how combinations of temperature, ... Read the full article
UK business leaders rank cyber risk as top concern for first time: Marsh Risk
12th May 2026
UK business leaders have ranked cyber risk as their top concern for the first time, with 46% citing it as a leading concern, up three percentage points from 2024 and up from 20% in 2023, according to a recent report by Marsh Risk, a business of Marsh. Marsh Risk’s UK Business ... Read the full article
IRLA Congress: Legacy market matures into strategic capital and operational partner for re/insurers
11th May 2026
The legacy and retrospective reinsurance market is entering a new phase of maturity, driven by growing demand for capital optimisation, operational efficiency and increasingly sophisticated transaction structures. That was the central message from this year’s IRLA Congress & Business Seminar, where industry leaders described a sector that is no longer simply ... Read the full article
Kingstone’s Q1’26 net premiums grow 28%, despite $5.8m net loss
11th May 2026
Kingstone has announced its financial results for the first quarter of 2026, reporting a 28% growth in net premiums earned, even as a harsh Northeast winter in the US drove the insurer to a net loss of $5.8 million. Net premiums earned in the quarter stood at $55.8 million, up from ... Read the full article
Quality of Hannover Re’s portfolio after renewal still very sound despite surprises: Althoff
11th May 2026
Despite several unexpected factors that challenged initial expectations during the latest renewal season, Hannover Re’s portfolio quality remained sound, according to Sven Althoff, a Member of the Executive Board for Property & Casualty, during the company’s recent analysts’ call. Althoff highlighted stronger pricing pressure as one of the main surprises during ... Read the full article
Neptune Flood supports greater private sector involvement in US flood insurance market
11th May 2026
Neptune Flood, a US-based flood insurance provider owned by Neptune Insurance Holdings, Inc., has responded to the FEMA Review Council’s report to the President concerning the future direction of the National Flood Insurance Program (NFIP), expressing support for proposals aimed at increasing private sector participation in the flood insurance market. In ... Read the full article
The Baldwin Group reports further softening in Q1’26 property insurance market
11th May 2026
The Baldwin Group, a US-based insurance distribution and risk management firm, has published its Q1 2026 Property Market Pulse report, outlining pricing movements and underwriting conditions across its property insurance portfolio. Based on trends identified within the company’s own book of business, the report highlights a continuation of softening market conditions ... Read the full article
Brit launches on Acturis to support cyber growth strategy
11th May 2026
Brit Group Holdings Limited (Brit), a specialty insurer, has announced that it is launching on Acturis, a Software-as-a-Service (SaaS) provider for general insurance. Used by over 30,000 brokers, Acturis is a UK-based insurance software company offering a multi-tenant SaaS platform that provides administration, distribution, and underwriting capabilities to insurers and insurance ... Read the full article
Continued momentum in global life insurance consolidation across regions: Fitch
11th May 2026
Fitch Ratings, the credit rating agency, anticipates that consolidation within the global life insurance sector will remain ongoing, although the pace and structure of transactions will differ by region. Fitch Ratings explains that deal flow is being supported by insurers’ ongoing efforts to strengthen balance sheets, improve operating efficiency and allocate ... Read the full article
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