Reinsurance News
Pro Global strengthens LatAm offering to support growth and a complex insurance market
15th May 2026
Pro Global, a specialist adviser to the specialist insurance sector, has strategically strengthened its offering in Latin America to support growth and increasing operational complexity in the insurance market. The strategic move is designed to address the growing operational, financial, and cross-border demands of insurers, reinsurers, and brokers across the region. To ... Read the full article
Sixfold expands distribution of AI underwriting platform through Microsoft marketplace
15th May 2026
Sixfold, a technology company specialising in AI-driven underwriting solutions for the insurance industry, has announced that its platform is now available through Microsoft Marketplace, Microsoft’s online platform for cloud-based applications, AI tools and enterprise services. Sixfold said the integration is designed to make it easier for insurers to access, purchase and ... Read the full article
Mphasis names Richard Miller as Global Head of Insurance Business
15th May 2026
Mphasis, an artificial intelligence (AI) led, platform-driven technology solutions provider, has appointed Richard Miller as Global Head of Insurance Business. In his new role, Miller will lead Mphasis’ global insurance strategy, helping carriers modernise operations, transform core business processes, and apply AI to drive measurable business value. He has over three decades ... Read the full article
Mercury Insurance invests in BurnBot to advance wildfire mitigation
15th May 2026
Mercury Insurance, a California-based provider of auto and home insurance, has made a strategic investment in BurnBot to advance wildfire mitigation and support more affordable and accessible insurance coverage. BurnBot is a wildfire mitigation technology company that develops and operates robotic, data-driven systems for hazardous fuels reduction and vegetation management. The ... Read the full article
Willis and Cornell University collaborate on research into correlated catastrophe risk
15th May 2026
Willis, a global insurance broker and risk advisory firm, has announced a new scientific collaboration with researchers at Cornell University and the Atkinson Center for a Sustainable Future. The partnership, introduced by Willis, is focused on identifying emerging risks linked to correlated natural catastrophes. Supported by an initial one-year funding agreement, ... Read the full article
AM Best upgrades MS Reinsurance’s issuer credit rating
15th May 2026
AM Best has upgraded MS Amlin AG’s (MS Reinsurance) (Switzerland) Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed its Financial Strength Rating (FSR) of A+ (Superior). The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited (MSI). MS Reinsurance has expanded in recent years and ... Read the full article
AIG’s Board of Directors elects Stoddard as Independent Director
15th May 2026
The Board of Directors of global insurer American International Group (AIG) has elected Thomas (Tom) Stoddard as an Independent Director, effective June 1st, 2026. Stoddard has over 35 years of senior leadership experience in the financial services sector across insurance, asset management and investment banking. He is the former Vice Chairman ... Read the full article
McLarens bolsters Middle East leadership with two senior appointments
15th May 2026
Global claims services provider McLarens is strengthening Middle East leadership with two senior appointments, based in Dubai. Mahesh Ganesan has been appointed as Operations Director - Middle East, tasked with overseeing regional operations, with a focus on improving efficiency and delivering a consistent, high-quality service for clients across the region. He has ... Read the full article
Swiss Re Asia appoints Daniel Neo to its Board of Directors
15th May 2026
Global reinsurer Swiss Re has announced the appointment of Daniel Neo as a member of the Board of Directors for Swiss Re Asia Pte. Ltd. (SRAL), effective 1st June 2026. Neo brings more than two decades of C-suite level experience and deep regional expertise, having held senior leadership roles across multiple ... Read the full article
Hiscox leaves Lloyd’s Syndicate 33 forecasts unchanged, improves 6104 outlook
15th May 2026
Hiscox has left forecasts unchanged for its flagship Lloyd’s Syndicate 33 for the 2024 and 2025 years of account, while materially improving the 2024 outlook for Syndicate 6104, according to updated year-of-account estimates. The Bermuda-headquartered specialist insurer said the current estimate for Syndicate 33’s 2024 year of account remains unchanged at ... Read the full article
RenRe’s Qutub and Curtis to retire at year-end, Neuber named CFO
15th May 2026
Robert “Bob” Qutub, Chief Financial Officer (CFO), and Ross Curtis, Chief Portfolio Officer of Bermuda-domiciled, global reinsurance company, RenaissanceRe Holdings Ltd. (RenRe), are set to retire on December 31st, 2026. RenRe confirms that Matthew Neuber, RenRe’s Senior Financial Officer and Corporate Treasurer, will succeed Qutub as CFO, effective January 1st, 2027. ... Read the full article
Pacific Life Re hires Febby Mulewa as Head of Underwriting and Claims, Protection, Europe
15th May 2026
Life reinsurer Pacific Life Re has announced the appointment of Febby Mulewa as Head of Underwriting and Claims, Protection, Europe, where she will oversee initiatives aimed at driving sustainable growth and operational excellence across the Protection line of business. Mulewa will collaborate closely with the Pacific Life Re global underwriting and ... Read the full article
S&P assigns A+ rating to MSIG USA’s new E&S platform
15th May 2026
MSIG Specialty Insurance America, Inc., MSIG USA’s newly established excess and surplus (E&S) insurer, has received an A+ financial strength rating and issuer credit rating with a stable outlook from S&P Global Ratings. This rating is a significant milestone for MSIG USA and its ongoing development as a “leading data-driven specialty ... Read the full article
Protective Life’s leader Bielen to retire at year-end, Wells to succeed as President and CEO
15th May 2026
Daiichi Life Group's US subsidiary, Protective Life Corporation, has disclosed that its Chief Executive Officer (CEO), Rich Bielen, is set to retire at the end of 2026 and be succeeded by Paul Wells, currently President & Chief Financial Officer (CFO), as President and CEO, effective January 1st, 2027. Bielen has served ... Read the full article
Nepal drought parametric insurance payout supports families facing hunger and poverty
15th May 2026
Tearfund, the UK-based international humanitarian and development organisation, has reported what is believed to be the first drought insurance payout of its kind in Nepal, helping vulnerable families avoid severe food shortages and deeper poverty following failed harvests. The payout was triggered through a parametric insurance product developed by Global Parametrics, ... Read the full article
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