Reinsurance News
AIG agrees $710m sale of remaining Corebridge stake
6th May 2026
American International Group (AIG) has reportedly agreed to sell about 25 million shares of Corebridge Financial, Inc. common stock, effectively exiting its remaining stake, for net proceeds of approximately $710 million. The sale, expected to close on May 7, follows AIG’s 2024 confirmation that it had met the requirements to ... Read the full article
Howden Re introduces Cygenesis framework for analysing cyber market cycles
6th May 2026
Howden Re, the reinsurance arm of the Howden Group, has published Cygenesis: Origins of cyber market cycles, a new report examining how different insurance and capital market cycles can be combined into a single framework for understanding the cyber market. The study explores influences shaping the current soft market and outlines ... Read the full article
Swiss Re names Galligan as Head of Transactions for L&H Re
6th May 2026
Swiss Re has appointed Dean Galligan as Head of Transactions for the Life & Health Reinsurance (L&H Re) Business Unit, effective 1 August 2026. He joins Swiss Re from Phoenix Group, where he served as Chief Capital Officer and was a member of the FTSE 100 Group Executive Committee. Galligan will be ... Read the full article
Competitive market environment to continue for mid-year renewals, underwriting discipline a priority: SCOR’s Léger
6th May 2026
As the mid-year reinsurance renewals approach, SCOR expects the market environment to remain stable but highly competitive, according to the company CEO Thierry Léger, who also emphasised that underwriting discipline will remain essential to maintain portfolio quality. Despite a more challenging pricing environment, SCOR is prioritising margin protection. During the April ... Read the full article
AXA XL Re shows soft market discipline in Q1’26 as group maintains growth momentum
6th May 2026
French insurer AXA’s property, casualty and specialty risk division, AXA XL, has reported on a comparable basis an 4% year-on-year increase in gross written premiums (GWP) and other revenues to €21.5 billion for the first quarter of 2026, compared to €21 billion in Q1’25. These were driven by both higher volumes, ... Read the full article
Greenlight Re reports underwriting profit in Q1’26 despite lower premiums
6th May 2026
Greenlight Re has disclosed a sharp improvement in underwriting performance for Q1 2026, swinging to a profit and delivering higher net income despite lower premium volumes. The Cayman Islands-based reinsurer posted net income of $35.8m for the opening quarter of the year, up from $29.6m in Q1 2025. Meanwhile, gross premiums written ... Read the full article
Zurich names Patrick McBride as Head of International Construction
6th May 2026
Large insurer Zurich Insurance Group has appointed Patrick McBride in the newly created role of Head of International Construction, effective immediately. The role sits within Zurich’s Global Specialty Construction & Surety team. He will relocate to London and report to Kelly Kinzer, Global Head of Construction & Surety. Since 2021, McBride has ... Read the full article
SCOR posts €225m Q1’26 profit as strong renewals lift P&C revenue
6th May 2026
Global reinsurer SCOR reported net income of €225 million for Q1 2026, with contributions from all business lines, prompting CEO Thierry Léger to reaffirm confidence in the group’s ability to meet its 2026 targets. In Q1 2026, SCOR’s P&C insurance revenue reached €1.812 billion, up 5.4% at constant exchange rates compared ... Read the full article
Aventum makes first MGA acquisition with purchase of Marine specialist Post & Co
6th May 2026
In a move to build the world's leading independent specialty managing general agent (MGA) platform, specialty re/insurance group Aventum has completed its first MGA acquisition with the purchase of Marine specialist Post & Co. This transaction is a defining step in Aventum’s international growth strategy, immediately establishing a new growth platform ... Read the full article
Brannigan Ong appointed Head of Reinsurance, Accident & Health at AIG
6th May 2026
American International Group, Inc., a global insurance and financial services organisation providing property and casualty insurance, life and retirement solutions, and a wide range of commercial and personal insurance products, has appointed Brannigan Ong as Head of Reinsurance, Accident & Health. In this role, Ong will oversee the Accident & Health ... Read the full article
Verisk integrates insurance analytics & gen AI with Anthropic’s Claude via MCP connectors
5th May 2026
Verisk, a global data analytics and technology provider to the insurance industry, has integrated its reliable insurance analytics and generative AI capabilities with artificial intelligence firm Anthropic's Claude Enterprise. This integration is facilitated by standardised Verisk Model Context Protocol (MCP) connectors, which enable insurance and property restoration professionals to access insights ... Read the full article
Bowhead Specialty reports 24% increase in GWP for Q1’26
5th May 2026
Bowhead Specialty has reported a 24% rise in gross written premiums to $216.7 million for Q1 2026, driven by a growing renewal portfolio and continued expansion across all divisions. The Casualty division led performance with premiums up 20.4% to $147.3 million, while Healthcare Liability increased 28% to $30.4 million, Professional Liability ... Read the full article
ADB issues inaugural catastrophe bonds for Kyrgyz Republic & Tajikistan
5th May 2026
The Asian Development Bank (ADB) has issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, with two transactions covering earthquake and extreme precipitation risks in Tajikistan and the Kyrgyz Republic. The DRBs will provide rapid and targeted financial support to both countries following severe earthquake or flood ... Read the full article
Lockton and ChAI form strategic partnership to address commodity market risk
5th May 2026
Lockton, a global independent insurance brokerage, has announced a strategic partnership with ChAI, an artificial intelligence-led specialist in commodity intelligence and raw material insurance, aimed at helping organisations better understand and manage risks linked to global commodity markets. The collaboration brings together Lockton’s international risk advisory and insurance expertise with ChAI’s ... Read the full article
CyberCube’s analytics platform Broking Manager new feature to support international cyber market growth
5th May 2026
CyberCube, a cyber risk analytics provider serving the insurance industry, has launched a new feature in its Broking Manager tool to support cyber market growth in Asia Pacific, the Middle East, and Latin America. Brokers will now be able to use the Regional Risk Transfer Benchmarking tool, which has been added ... Read the full article
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