Reinsurance News
Liberty Mutual increases stake in Liberty General Insurance JV to 74%
19th May 2026
Liberty Mutual Insurance, a property and casualty insurer, has announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74%. Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd., a group company of Liberty Mutual Insurance Group, which now holds ... Read the full article
Markel appoints Sebastian Rice as Head of Global Development, Trade Credit
19th May 2026
Markel Insurance, the insurance operation within Markel Group, has announced the appointment of Sebastian Rice as Head of Global Development – Trade Credit. In his new role, Rice will report to Phil Amlot, Global Head of Trade Credit – International, working closely with him to drive innovative, solution-led underwriting and develop ... Read the full article
VIG completes NÜRNBERGER acquisition
19th May 2026
Vienna Insurance Group (VIG), an insurance group in Central and Eastern Europe, has completed the previously announced acquisition of NÜRNBERGER Beteiligungs-AG. The process began in the summer of 2025 when VIG announced it was considering the acquisition of a majority stake in NÜRNBERGER . After concluding the due diligence process, VIG launched ... Read the full article
Rajesh Laheri to succeed V. Balkrishna as GIC Re CFO
19th May 2026
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced that its Board of Directors has accepted the resignation of V. Balkrishna as Chief Financial Officer (CFO) and Key Managerial Person. According to the announcement, the executive is retiring under the company’s Voluntary Retirement Scheme of the ... Read the full article
Climate risk insurance is becoming essential for India’s workforce: Howden India’s Huq
19th May 2026
India is grappling with intense heatwaves driven by increased climate volatility, and the people bearing the brunt of these conditions are vulnerable workers who are unable to absorb repeated income shocks, making insurance for climate risk essential rather than optional, says Mohammad Faizan Huq. Huq is the Associate President - Reinsurance ... Read the full article
Dominick Hoare to retire at year-end after more than 32 years with Munich Re
18th May 2026
Dominick Hoare, Group Chief Underwriting Officer, Munich Re Specialty, Global Markets and Active Underwriting Syndicate 457, is set to retire at the end of 2026 after more than 32 years of service. Hoare joined Munich Re, one of Europe's big four reinsurance companies, in 1994 and has held various senior underwriting ... Read the full article
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
18th May 2026
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information ... Read the full article
Augment Risk appoints Crystal Maragh to Global Parametric Specialty team
18th May 2026
Augment Risk, a reinsurance and capital solutions broker, has confirmed that Crystal Maragh has joined its Global Parametric Specialty division in Miami. In this role, she will focus on supporting growth and delivery across parametric transactions, drawing on her experience in actuarial science, parametric product development and risk analytics as part ... Read the full article
LMG’s Data Council updates Core Data Record to support treaty reinsurance
18th May 2026
Following a consultation involving 68 organisations across the Lloyd’s and London markets, the London Market Group’s Data Council has updated the Core Data Record (CDR) to version 3.3, introducing new data fields designed to support treaty reinsurance business. The scope of the new v3.3 placing CDR has been expanded from the ... Read the full article
CopperPoint to acquire General Indemnity Group in nationwide surety expansion
18th May 2026
CopperPoint Insurance Company, a Phoenix-based specialty provider of workers’ compensation and commercial insurance solutions, has signed a definitive agreement to acquire General Indemnity Group (GIG), an insurance holding company focused on commercial and contract surety solutions across all 50 states and Washington D.C. The transaction includes GIG subsidiaries United Casualty & ... Read the full article
Premium renewal rates up YoY across nearly all major commercial lines: Ivans
18th May 2026
Ivans, a division of Applied Systems, has released the April 2026 results of the Ivans Index, indicating a year over year increase in average premium renewal rates across Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property, and Umbrella. Conversely, Workers’ Compensation experienced a decrease in premium renewal rates during ... Read the full article
CFC appoints John Howard as Chair of its Board of Directors
18th May 2026
CFC, a specialist insurance provider centred on emerging risks and recognised as a market leader in cyber insurance, has appointed industry veteran John Howard as Chair, subject to regulatory approval. Howard has over three decades of industry experience, including a solid track record in the US specialty, CFC's biggest distribution market ... Read the full article
Lloyd’s warns AI is amplifying evolving cyber risk vectors and uncertainty in coverage exposure
18th May 2026
In Lloyd’s Q2 Market Message, Rachel Turk, Chief of Performance & Strategy, warned that cyber risk vectors continue to evolve, with artificial intelligence adding a further layer of complexity and uncertainty, both through its use by threat actors and in raising emerging questions around potential coverage. Lloyd's has classified the cyber ... Read the full article
The Fidelis Partnership rolls out AI-enabled Broker Connect with Howden as first partner
18th May 2026
The Fidelis Partnership (TFP) has announced the launch of Broker Connect, a new capability within its underwriting platform designed to significantly automate and streamline the pre-bind submission process for complex risks, with Howden as the first broking partner to go live via ACORD ADEPT. TFP explained that ACORD ADEPT is one ... Read the full article
Somerset Re is uniquely positioned to focus on both small and large transactions, says CEO Danish Iqbal
18th May 2026
Danish Iqbal, Chief Executive Officer at Somerset Re, said the life reinsurer is uniquely positioned in the market, being highly rated with a very strong balance sheet among players focused on smaller blocks of business, while also having the expertise, track record, and financial strength to focus on larger transactions. In ... Read the full article
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