Reinsurance News
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
Antares Global introduces Scorpius MGA to strengthen specialist distribution strategy
11th May 2026
Antares Global, the international insurance and reinsurance group, has announced the launch of Scorpius MGA, a new platform created to support managing general agent (MGA) business through a combination of underwriting capacity, operational support and governance services. The business will be led by chief executive Ian Morris and has been introduced ... Read the full article
Willis launches parametric flood insurance solution for UK racecourses
11th May 2026
Willis, a WTW business, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding. The product was developed in collaboration with Previsico, Descartes Underwriting (MGA), and Generali, which will act as the insurer. In the UK, flood risk is rising, with related costs projected to increase ... Read the full article
Mapfre Re secures $200m US named storm coverage with new cat bond
11th May 2026
Mapfre Re, the reinsurance arm of Mapfre, has completed a $200 million catastrophe bond via its special purpose vehicle Recoletos Re DAC, providing indemnity-based U.S. named storm coverage on a per-occurrence basis over a three-year risk period through June 2029. Mapfre Re explained that with this transaction, it continues to reinforce ... Read the full article
Pelagos rebrand highlights capital allocator role and focus on long-term partnerships: Strickle
11th May 2026
Jonny Strickle, Group Managing Director at Pelagos Insurance Capital Limited, said the rebrand from Fidelis Insurance Group is drawn from the word “archipelago”, meaning a group of interconnected islands, and reflects its role as a capital allocator, bringing together a number of long-term, meaningful underwriting partnerships. In an interview with ... Read the full article
DAC Beachcroft expands into Middle East with new office in DIFC
11th May 2026
DAC Beachcroft has announced plans to expand into the Middle East by opening a new office in the Dubai International Financial Centre (DIFC) this summer, marking the firm’s first in the region. The new branch will be located in the landmark new DIFC Square development within the DIFC, strengthening the firm’s ... Read the full article
Pelagos Insurance Capital emerges as new identity for Fidelis after AGM approval
11th May 2026
Effective today, Fidelis Insurance Holdings Limited has officially rebranded as Pelagos Insurance Capital Limited, following shareholder approval at its Annual General Meeting held on April 28, 2026. The capital allocator and risk selector in specialty insurance and reinsurance first signalled the name change in February, alongside its full-year 2025 results. The ... Read the full article
Gallagher names Ana Matarranz as CEO for Spain
11th May 2026
Gallagher, an insurance brokerage, risk management and consulting firm, has announced the appointment of Ana Matarranz as Chief Executive Officer (CEO) for Spain. In her new role, Matarranz will lead Gallagher’s growth strategy in Spain, combining organic revenue development with the integration of specialist teams and capabilities, further strengthening the company’s ... Read the full article
Kestrel grows revenue in Q1’26 despite net loss
11th May 2026
Kestrel Group reported sharply higher total revenues of $10.2 million for Q1 2026 as the specialty insurance platform expanded its fronting operations and investment income. However, its net loss widened to $7.4 million from $394,000 a year earlier. The firm's gross premiums written reached $2.66 million during the opening quarter of ... Read the full article
Aon Q1’26 market insights reports softer pricing with select areas of hardening
11th May 2026
Aon, a global professional services firm focused on risk, retirement and health solutions, reports in its Q1 2026 Global Insurance Market Insights that the insurance sector is experiencing broadly softer pricing conditions, supported by strong capacity and intensifying competition, alongside continued discipline in specific higher-risk and regulated areas. Aon notes that ... Read the full article
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