Reinsurance News
Aon names Cedillo Mejía CEO, Commercial Risk & Human Capital, Mexico, Caribbean & Central America
25th March 2026
Global insurance and reinsurance broking group Aon has announced the appointment of Julio Adolfo Cedillo Mejía as CEO, Commercial Risk and Human Capital for Mexico, Caribbean and Central America. The transition to the new role is set to take effect on 1 May, 2026. “With 22 years of experience at the company, ... Read the full article
Niyam receives Lloyd’s approval for Syndicate 2047, appoints Chairman
25th March 2026
Newly launched Niyam Group has announced that it has received approval from Lloyd’s of London for Syndicate 2047 and granted permission to underwrite, alongside the appointment of Devesh Srivastava as Chairman of the Group. Established at the beginning of 2026, Niyam is focused on building a reinsurance platform that connects ... Read the full article
US P&C industry achieved higher underwriting profit in 2025: AM Best
24th March 2026
The US property and casualty (P&C) industry recorded a $60.9 billion net underwriting gain in 2025, a significant increase from the $22.1 billion gain generated in the previous year, reports AM Best. According to the global rating agency's First Look: 2025 US Property/Casualty Financial Results, these improved results were driven by ... Read the full article
Shepherd secures $42m Series B as construction insurance demand grows
24th March 2026
Shepherd, an insurance technology platform for commercial industries, has successfully closed a $42 million Series B funding round, led by Intact Private Capital, with participation from Spark Capital, Costanoa Ventures, and additional investors. The new capital aims to support team expansion, driven by the escalating demand for quicker and more precise ... Read the full article
Secondary reinsurance market key to improved capital efficiency: Howden
24th March 2026
A new report from Howden has articulated a framework for introducing structured secondary trading for reinsurance, noting that such a development would allow carriers to more efficiently allocate risk and, in turn, improve overall capital utilisation. The report emphasised reinsurance as a form of contingent capital, noting that by absorbing losses, ... Read the full article
APRA warns climate pressures could widen Australia’s home insurance protection gap
24th March 2026
The Australian Prudential Regulation Authority (APRA) has released its Insurance Climate Vulnerability Assessment (Insurance CVA), a prudential stress test showing how climate-driven pressures on insurance premiums could significantly widen the home insurance protection gap and weaken the resilience of Australia’s financial system. APRA’s Insurance CVA examined how home insurance coverage may ... Read the full article
JBA Risk Management launches updated Global Flood Model
24th March 2026
JBA Risk Management, a UK-based flood science specialist, has extensively updated its Global Flood Model, enhancing it with updated hazard maps, an extended range of future climate event sets, while improving processing speed and exposure disaggregation. These developments aim to enable reinsurers, insurers, brokers, risk managers, and asset managers to better ... Read the full article
Westfield Specialty promotes Katie MacGregor to COO
24th March 2026
Westfield Specialty International, a specialty insurance provider, has announced the promotion of Katie MacGregor to Chief Operating Officer (COO). In her role, MacGregor will lead operational functions across the international business — covering the UK, Middle East, and Europe — working closely with senior leadership to support growth in these markets. ... Read the full article
Mosaic Insurance reorganises underwriting hubs to support global growth
24th March 2026
Mosaic Insurance, a specialty insurer, has announced a reorganisation of two of its core underwriting hubs as part of efforts to better align international resources and support its next phase of growth. As part of the restructuring, Benn Wilson, currently CEO of Mosaic’s Singapore operations, will relocate to Dubai, UAE, to ... Read the full article
Amiga Specialty partners with AXA XL to bolster Financial Institutions offering
24th March 2026
Amiga Specialty, a specialist managing general agent (MGA), has secured a significant capacity agreement with AXA XL, which will bolster its Financial Institutions (FI) proposition and accelerate its growth across international markets. The deal focuses on providing coverage for core FI risks, including directors and officers (D&O) liability, professional liability, and ... Read the full article
‘Perfect time’ for climate-tech focus, says Dickson as OAK Global unveils new unit
24th March 2026
OAK Global is targeting the increasingly interconnected risks of climate and technology with the launch of OAK Horizon, a new underwriting unit designed to channel capital into emerging exposures, as CUO Tom Dickson points to a narrowing window to address rising volatility across sectors, including food security, energy and ... Read the full article
HDI Global’s revenue increases to €10.3bn in 2025
24th March 2026
Corporate & Specialty insurer HDI Global, part of the Talanx Group, has reported positive financial results for 2025, with insurance revenue increasing 5%, to €10.3 billion, after adjustment for currency effects. According to the insurer, the growth was primarily driven by new business and inflation-related price adjustments within existing business. Dr Edgar Puls, ... Read the full article
Gallagher Re report warns traditional insurance is failing to cover AI-related liabilities
24th March 2026
Gallagher Re, the global reinsurance broker, has released a new white paper in partnership with Massachusetts Institute of Technology and Testudo stating that existing insurance frameworks are not equipped to deal with risks arising from artificial intelligence (AI). Gallagher Re states that as businesses integrate AI systems into everyday operations, they ... Read the full article
Alacrity Solutions establishes UK presence to support Lloyd’s-placed US risks
24th March 2026
Alacrity Solutions, a US-based insurance services firm specialising in complex and catastrophe-driven claims, has launched a UK presence from within the Lloyd’s of London building to support insurers and coverholders placing US risks through the London Market. With extensive experience handling a high volume of claims across all 50 US states, ... Read the full article
AM Best maintains stable outlook on UK non-life insurance segment
24th March 2026
AM Best has maintained its stable outlook on the UK non-life insurance segment, noting that headwinds and tailwinds affecting the segment's operating environment remain broadly balanced despite elevated geopolitical risks. The ratings agency said that continued minimal economic growth and rising unemployment into 2026 mean insurers are likely to face a ... Read the full article
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