Reinsurance News
Gallagher names Adam Stafford as COO of Specialty division
20th May 2026
Gallagher, an insurance brokerage, risk management and consulting firm, has appointed Adam Stafford as Chief Operating Officer (COO) for its Specialty division, thereby expanding its London Market operational expertise. The appointment is effective starting September 2026. In his new role, Stafford will report to Sarah Lyons, Chief Executive Officer, Gallagher Specialty ... Read the full article
Tokio Marine’s International business sees profit rise to JPY 473.9bn in FY’25
20th May 2026
Tokio Marine Holdings has announced its full year results for the 2025 fiscal year, reporting a 9.5% (excluding FX effects) year on year increase in its International business profits, rising to JPY473.9 billion from JPY428.4 billion. Despite the annual growth, this final figure represents a JPY50.1 billion decline compared to February ... Read the full article
Patriot Select Property and Casualty Insurance completes $310m cat reinsurance programme
20th May 2026
Patriot Select Property and Casualty Insurance Company, a US-based property and casualty insurer, has confirmed the successful completion of its 2026 catastrophe reinsurance programme, which will take effect on 1 June 2026. The arrangement is intended to provide financial protection against hurricane losses and severe weather events, while remaining aligned with ... Read the full article
BlueFive Capital to invest in Gulf General Cooperative Insurance Company
20th May 2026
BlueFive Capital, a global investment platform, has signed a binding share subscription agreement with Gulf General Cooperative Insurance Company (GGI), a publicly listed company on Saudi Arabia’s Stock Exchange. The strategic move aims to restructure GGI’s share capital to strengthen its financial position by first removing SAR 176 million share capital, ... Read the full article
Cotality report highlights growing hurricane and flood exposure across major US housing markets
20th May 2026
Cotality, a global provider of property information, analytics and technology-enabled data solutions, has published new research showing that New York has the largest concentration of homes exposed to hurricane-related risks in the United States. In its 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New York ... Read the full article
Aon names Masahito Hirai as CEO for Japan
20th May 2026
Aon plc, the global professional services company, has announced the appointment of Masahito Hirai as chief executive officer of its Japan operations, with the role taking effect from 30 June 2026. Hirai will oversee the company’s business strategy in Japan, with responsibility for growth initiatives and client service delivery across the ... Read the full article
Disciplined underwriting drives HDI Global’s Q1’26 income up 8% as CoR improves
20th May 2026
Corporate & Specialty insurer HDI Global has disclosed its Q1 2026 results, reporting that net income rose by 8% to €152 million, while its combined ratio improved to 91%, in line with the expectation of a full-year figure below 92%. According to HDI Global, the main drivers behind these results were ... Read the full article
Coterie names Brett Saternus as its new CUO
20th May 2026
Coterie Insurance, a tech-enabled, data-powered managing general agent (MGA) specialising in property and casualty (P&C) commercial insurance for small businesses, has named Brett Saternus, FCAS, as its new Chief Underwriting Officer (CUO). Saternus brings more than 15 years of underwriting and insurance leadership experience spanning specialty carriers, insurtech MGAs, and commercial ... Read the full article
Sompo International’s adjusted profit rose 69% and CoR improved to 82.1% in FY’25
20th May 2026
Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty re/insurance, reported an adjusted profit of $1.7 billion for full year 2025, up 69% from $1.0 billion in FY’24, while its discounted combined ratio (CoR) improved to 82.1% from 90.6%. The company said the improved CoR was driven by ... Read the full article
TWIA’s $2.28bn reinsurance renewal almost signed at comparable ROL to last year
20th May 2026
The Texas Windstorm Insurance Association (TWIA) looks set to secure the entirety of the $1.23 billion of fresh reinsurance it requires to meet its 1-in-50 year probable maximum loss from the traditional market, with Gallagher Re's Allen Cashin confirming yesterday that the programme is now fully committed and will be ... Read the full article
MS Amlin’s insurance service profit rises £92m in 2025
20th May 2026
Global re/insurer MS Amlin, part of MS&AD Holdings, generated an insurance service profit of £307 million for FY'25, an increase of £92 million year-on-year from £215 million in FY'24. The re/insurer has reported an increase in its profits of 79.9%, or £119 million to £268 million for 2025, compared to £149 ... Read the full article
European reinsurers deliver higher profits despite weaker revenue growth in Q1’26: Fitch
20th May 2026
Fitch Ratings, the international credit ratings and research agency, has said that Europe’s four largest reinsurers posted stronger earnings in the first quarter of 2026, although overall revenue growth declined as market conditions became less favourable. In its latest assessment, Fitch Ratings said Munich Re, Swiss Re, Hannover Re and SCOR ... Read the full article
Underwriting and investment performance lift MS Re’s profit to $415m for 2025
20th May 2026
MS Reinsurance, the Switzerland-domiciled global reinsurer, has revealed that 2025 was another strong year for the firm, with net profit after tax reaching $415 million, up from $346 million in 2024. According to MS Re, a wholly owned subsidiary of MSI, which is a core part of the Japanese insurance giant ... Read the full article
Mereo enters excess casualty insurance with Everen renewal rights acquisition
20th May 2026
Bermuda-based carrier Mereo Insurance Limited (Mereo) has expanded into the excess casualty insurance space with the acquisition of Everen Specialty Ltd.’s (ESL) excess casualty energy portfolio renewal rights. ESL is a member of the Everen Group and a Bermuda-domiciled global insurer for energy markets. As per the terms of the transaction, ... Read the full article
Thomas Kropp succeeds Dr. Thomas Kuhnt as HDI Global COO/CIO
20th May 2026
HDI Global, the corporate and specialty insurance division of Germany-based Talanx Group, has announced the appointment of Thomas Kropp as COO/CIO, who will be succeeding Dr. Thomas Kuhnt. According to the announcement, Dr. Kuhnt will step down from the Executive Board on 30 June 2026 at his own request and following ... Read the full article
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