Reinsurance News
Lancashire reports Q1’26 GPW of $668.4m, insurance revenue up 2.1%
30th April 2026
Lancashire Holdings Limited, a Bermuda-based insurer and reinsurer, has announced its financial results for the first quarter of 2026, reporting a year-on-year decrease of 6.1% to $668.4 million in gross premiums written (GPW). Excluding the impact of reinstatement premiums related to the California wildfires, the underlying reduction in gross premiums written ... Read the full article
Apollo expands reinsurance capabilities with new international casualty class
30th April 2026
Apollo, part of Skyward Group and an insurance platform focused on innovation, has announced the launch of an international casualty reinsurance class, extending its existing portfolio and broadening its reach across global markets. The company presents the addition as a strategic move designed to support clients with complex risk requirements while ... Read the full article
Talanx reports preliminary €774m Q1’26 net income, outpaces expectations
30th April 2026
The Talanx Group, the parent company and majority shareholder of Hannover Re, has reported preliminary consolidated net income of €774 million for Q1 2026, comfortably exceeding analysts’ expectations and signalling a strong start to the year. The German insurer said its preliminary result surpassed the market consensus of around €673 million ... Read the full article
Allstate extends Nationwide occurrence cat reinsurance and adjusts aggregate protection
30th April 2026
US primary insurer Allstate extended the top of its Nationwide Per Occurrence catastrophe reinsurance tower by $2 billion to provide coverage for events up to $11.5 billion of loss at its April renewal, and also made some changes to its aggregate protection. For Allstate's main 2026-2027 Nationwide Per Occurrence tower, the ... Read the full article
AXIS Capital’s net income climbs 33% to $247m in Q1’26
30th April 2026
AXIS Capital has opened 2026 with strong results, reporting gross premiums written of $3.1 billion for Q1, up $303 million, or 11% year on year, alongside an improved combined ratio of 89.8%. Meanwhile, net income available to AXIS Capital's common shareholders reached $247 million for Q1 2026, up $60 million, or ... Read the full article
UK Government moves to enable protected cell companies for captive insurance
30th April 2026
HM Treasury, the UK government’s department responsible for economic and financial policy, has outlined plans to advance legislation that would allow protected cell companies (PCCs) to be used within the UK’s captive insurance framework. The proposals form part of a wider consultation considering how PCC structures could be expanded beyond their ... Read the full article
Everest delivers 91.2% CoR and improved net income of $653m in Q1’26
30th April 2026
Bermuda-based global reinsurance company, Everest Group, Ltd., generated net income of $653 million in the first quarter of 2026, an increase of more than 210% year-on-year, as the Group combined ratio strengthened by 11.6 pts to 91.2% on the back of lower pre-tax net catastrophe losses. Group-wide, Everest had a strong ... Read the full article
Novacore introduces Zion Underwriting to strengthen transactional risk capabilities
30th April 2026
Novacore, an independent provider of next-generation specialty insurance solutions, has launched Zion Underwriting, a transactional risk insurance initiative aimed at supporting complex mergers and acquisitions and structured corporate transactions. Novacore states that Zion Underwriting will deliver a range of products including representations and warranties insurance (RWI), tax liability insurance and contingent ... Read the full article
Raymond Ong appointed Tokio Marine Life Insurance Singapore CEO
30th April 2026
Tokio Marine Life Insurance Singapore (TMLS) has announced the appointment of Raymond Ong as Chief Executive Officer (CEO). “With his deep industry expertise and regional perspective, Mr Ong is well positioned to lead TMLS into its next phase of growth,” a TMLS spokesperson stated. Adding: “His appointment reinforces our focus on strengthening ... Read the full article
New reinsurance demand is trending higher than we thought at Jan 1, says RenRe CUO
29th April 2026
David Marra, Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that new demand for reinsurance protection ahead of the mid-year renewals is trending higher than the firm expected at January 1, with RenRe seeing "really good opportunities" to deploy capital. During RenRe's recently held Q1 2026 ... Read the full article
Porch Group’s Insurance Services segment drives 29% revenue increase for Q1’26
29th April 2026
Porch Group, a homeowners insurance and vertical software platform, reveals that its first quarter 2026 financial results have exceeded expectations, reporting shareholder interest revenue of $109.4 million, a 29% increase compared to the same period last year. This growth was primarily driven by the Insurance Services segment, which saw its revenue ... Read the full article
Munich Re AGM approves €24 dividend, CEO cites ‘excellent financial condition’
29th April 2026
At global reinsurer Munich Re's Annual General Meeting (AGM), the above consensus dividend proposal of €24 per share for 2025 was approved, as CEO and Chair of the Board of Management, Christoph Jurecka, noted the company's "excellent financial position" after a record high net result of €6.1 billion in ... Read the full article
Descartes names Oliver Wyman’s Jean Hermelin as Chief Strategy Officer
29th April 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has appointed Jean Hermelin to the newly created role of Chief Strategy Officer. At Descartes, Hermelin will report to Tanguy Touffut, Chief Executive Officer (CEO) and Co-founder, and join the firm's Executive Committee. He is tasked with leading ... Read the full article
Lemonade’s Q1’26 revenue increases 71% as net loss narrows
29th April 2026
Lemonade, an AI-powered digital insurance company, has announced its financial results for the first quarter of 2026, reporting $258 million in revenue, a 71% increase compared to the same period last year. The revenue increase was attributed to a rise in gross earned premium and higher premium retention rate due to ... Read the full article
New Dawn Risk introduces specialist cyber insurance solution focused on US healthcare privacy risks
29th April 2026
New Dawn Risk, a specialist Lloyd’s broker operating in the cyber and specialty insurance market, has introduced a new cyber insurance product aimed at healthcare, life sciences and pharmaceutical organisations across the United States. New Dawn Risk states that the development is intended to respond to the increasing privacy and regulatory ... Read the full article
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