Reinsurance News
Broker disruptor WithCoverage raises $42m in Series B financing
13th January 2026
AI-enabled risk management platform WithCoverage has secured $42 million in Series B funding in a round led by Sequoia Capital and Khosla Ventures, with additional backing from 8VC and Crystal Venture Partners. Founded by JD Ross, co-founder of Opendoor, and Max Brenner, WithCoverage aims to reinvent how fast-growing companies manage risk ... Read the full article
LMA reveals 2026 agenda to strengthen Lloyd’s market leadership
13th January 2026
Lloyd’s Market Association (LMA) has set out its strategic priorities for 2026, aimed at reinforcing the Lloyd’s market’s position as a global insurance leader, with the board’s agenda focusing on underwriting, technical skills development, market simplification through digital and regulatory initiatives, and engagement with regulators. The LMA will play a central ... Read the full article
AI-driven disruption to reallocate rather than increase insurance demand: Swiss Re Institute
13th January 2026
As the artificial intelligence (AI) boom expands new insurable asset classes and increases exposure to new liability and cyber risks, Swiss Re Institute, part of the global reinsurer, expects AI-driven disruption to reallocate rather than add demand for insurance. New research from Swiss Re Institute explores the rise of AI and ... Read the full article
The Baldwin Group appoints CAC’s Paul Sparks to its Board of Directors
13th January 2026
The Baldwin Group, an independent insurance brokerage and advisory firm, has announced the appointment of Paul Sparks, Executive Chairman of CAC Group, to its Board of Directors, effective January 1st 2026. The appointment follows the recently completed merger between The Baldwin Group and specialty insurance brokerage CAC Group, comprising CAC ... Read the full article
Florida homeowners to benefit from significant insurance premium reduction: Governor DeSantis
13th January 2026
Governor Ron DeSantis, the 46ᵀᴴ Governor of Florida, has announced statewide insurance rate relief for homeowners, with Citizens Property Insurance policyholders expected to see premium reductions beginning in Spring 2026 at policy renewal. The Executive Office of the Governor is responsible for overseeing state policy, administration, and public communications on behalf ... Read the full article
Insurers receive 1,386 claims from Victoria bushfires, 30% as total losses: ICA
13th January 2026
Insurers have received 1,386 claims resulting from the severe bushfires impacting Victoria since 7th January 2026, with 30% of all current property claims being total losses, according to the Insurance Council of Australia (ICA). On 12th January, the ICA declared the bushfires a Significant Event, with the fires having burned ... Read the full article
Swiss Re integrates Fathom data into internal catastrophe model
13th January 2026
Swiss Re has announced that Fathom’s flood hazard and terrain data are now being integrated into its internal catastrophe model, enhancing the reinsurance giant’s understanding of global flood risk. Since acquiring Fathom in December 2023, Swiss Re said its teams have been working to expand and harmonise Fathom’s core datasets ... Read the full article
India’s Niyam gets in-principle approval to launch Lloyd’s Syndicate 2047
13th January 2026
Newly launched Niyam Group has received in-principle approval from the specialist Lloyd’s re/insurance marketplace to establish Syndicate 2047, which will be managed by Polo Managing Agency (PMA), part of the PoloWorks group, and is expected to start underwriting on April 1st, 2026. The approval marks a significant milestone in the ... Read the full article
QBE appoints Henrik Hansen as senior Life Science underwriter for Nordics
13th January 2026
International business insurer QBE has appointed Henrik Hansen to the newly created role of senior Life Science underwriter in the Nordics. Based in Copenhagen, Denmark, Hansen is in charge of developing QBE’s Pharma-Life Science (PLS) portfolio across the region. The appointment aligns with the insurer's long-term growth plans for the Life ... Read the full article
Groupama sponsors €120m dedicated hail risk cat bond
13th January 2026
Mutual insurance and reinsurance group Groupama has issued the first hail-focused catastrophe bond, structured as an aggregate indemnity to protect its property and motor portfolios in metropolitan France against annual losses from this peril. The €120 million Quercus II Re DAC issuance, effective from January 1, 2026, stands for a duration ... Read the full article
Markel appoints Preeti Gureja as Chief Risk Officer, US & Bermuda
13th January 2026
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Preeti Gureja as Chief Risk Officer, US & Bermuda. In her new role, Gureja will lead the risk agenda across Markel’s US and Bermuda insurance operations. She will be based in New York and will report to ... Read the full article
ATA introduces $750m insurance facility to support global AI infrastructure
13th January 2026
Advanced Technology Assurance Limited (ATA), a specialist re/insurance company, has introduced a new insurance facility valued at up to $750 million to support the global expansion of AI infrastructure, a sector expected to attract nearly $7 trillion in investment by 2030. The ATA Global Data Centre & AI Infrastructure Insurance facility ... Read the full article
Chaucer appoints Les Loh as CEO Singapore and Dan Bryan as Head of Reinsurance APAC
13th January 2026
Global speciality re/insurance group Chaucer has appointed Les Loh as Chief Executive Officer, Singapore, subject to regulatory approval, and Dan Bryan as Head of Reinsurance Asia Pacific, reporting to Loh. Loh will assume his role on 2 March 2026, while Bryan will start in Q2 2026. Loh joins Chaucer from Guy Carpenter, ... Read the full article
Global insured nat cat losses fall YoY but again exceed $100bn in 2025: Munich Re
13th January 2026
Although $244 billion in total global losses for natural disasters in 2025 is lower than the 10-year average, insured losses once again exceeded $100 billion at $108 billion, according to Munich Re, one of the world's leading reinsurance companies. 2025 joins the growing list of years with insured losses exceeding the ... Read the full article
Amiga obtains Lloyd’s capacity to support FI offering
13th January 2026
Amiga Specialty has obtained Lloyd’s capacity to back its Financial Institutions (FI) offering, strengthening its ability to provide specialist, underwriting-driven solutions to a wide range of financial and professional organisations across the UK, Europe and international markets. Amiga explained that its FI proposition offers tailored products for asset managers, investment firms, ... Read the full article
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