Reinsurance News
CyberCube partners with Affinity Marketplace to drive growth in SME cyber adoption
15th June 2026
CyberCube, a provider of cyber risk analytics, has entered into a strategic partnership with Affinity Marketplace to integrate insurance quoting within a single workflow, to drive growth in Small to Medium Enterprise (SME) cyber insurance adoption. The partnership aims to simplify several longstanding challenges faced by SMEs during insurance adoption, including ... Read the full article
Sapiens appoints Kellen Petersen as EVP Sales, Americas
15th June 2026
Sapiens, an intelligent insurance SaaS-based software solutions company, has appointed veteran insurtech sales leader Kellen Petersen as EVP Sales, Americas. He will be based in Washington, DC, and will report to James Hannay, Chief Revenue Officer, Sapiens. In his new role, Petersen will lead sales across the Americas with end-to-end accountability for ... Read the full article
GIFT City is attracting global reinsurance capital at scale, says PB Fintech’s Singh
15th June 2026
In an interview with Reinsurance News, PB Fintech’s Joint Group Chief Executive Officer, Sarbvir Singh, emphasised that a more open and predictable regulatory environment is attracting global reinsurance companies to India’s first International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT City). Insurance and reinsurance volumes have expanded rapidly at ... Read the full article
Augment Risk outlines parametric opportunity as 2026 World Cup kicks off
12th June 2026
With the 2026 FIFA World Cup underway, Augment Risk has highlighted a range of weather-related hazards across host locations, prompting insurers to increasingly turn to parametric solutions that provide rapid liquidity when predefined conditions are triggered. Global, specialist reinsurance broker Augment Risk has identified extreme heat as a widespread concern affecting ... Read the full article
Guy Carpenter appoints Phil Xue as MD and COO for Mainland China and Hong Kong
12th June 2026
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh, has announced the appointment of Phil Xue as Managing Director (MD) & Chief Operating Officer (COO) for Mainland China and Hong Kong, effective 1st of August 2026. Xue brings more than 20 years of experience across the insurance ... Read the full article
Porch uses captive reinsurer to buy shares from the Reciprocal
12th June 2026
The Porch Reciprocal Exchange (the Reciprocal) has sold approximately 2.1 million shares of Porch Group, Inc. common stock back to Porch for an aggregate purchase price of $15 million in cash, reflecting a purchase price of $7.17 per share. According to the announcement, both parties entered into the securities purchase agreement ... Read the full article
Nexus expands aviation underwriting division
12th June 2026
Nexus Underwriting, the independent specialty managing general agent, has announced the appointment of James Brandejs as Head of General Aviation within its Aviation team, reflecting the company’s ongoing investment in the growth of its Aviation underwriting division. Brandejs joins the business with nine years of underwriting experience and a broad background ... Read the full article
Banyan Risk launches healthcare liability line in Bermuda with Mereo capacity
12th June 2026
Banyan Risk Ltd, a Bermuda-based specialty Managing General Agent (MGA), has launched a Healthcare Professional Liability product in Bermuda, with strategic capacity from Mereo Insurance Limited (Mereo). The new Healthcare line focuses on complex US healthcare professional liability risks, including Hospitals and Allied Health. Kim Morgan joins Banyan Risk as Lead Underwriter, ... Read the full article
Specialty MGA appoints Smithson as Head of Global Financial Lines & Cyber
12th June 2026
Specialty MGA, the managing general agent of MNK Group, has appointed Marcus Smithson as Head of Financial Lines and Cyber. This appointment aligns with the MGA's overarching strategy as it continues to scale its international specialty capabilities, while focusing on building differentiated portfolios through its flexible MGA model and international distribution ... Read the full article
Florida insurance market better positioned for ‘26 hurricane season, but yet to be fully tested: Fitch
12th June 2026
As early forecasts point to a slightly below-average 2026 Atlantic hurricane season, Florida remains a key focus for the property insurance market despite improved market conditions, according to a recent Fitch Ratings report. Despite the constant concentration of financial risks, the report also highlighted that US property & casualty (P&C) insurers ... Read the full article
MS Amlin adds Kirsten Mitchell-Wallace as CRO and Phil Young as CIO
12th June 2026
Lloyd’s global re/insurer MS Amlin has appointed Kirsten Mitchell-Wallace as Chief Risk Officer (CRO) and Phil Young as Chief Information Officer (CIO), subject to regulatory approval. The pair will join the reinsurer’s executive leadership team and report to Christiern Dart, Chief Executive Officer of MS Amlin. Dart commented on the appointments, "I ... Read the full article
94% of US business owners fear insurance gaps, driving shift to integrated risk strategies: Gallagher
12th June 2026
US business owners are moving beyond reactive risk management and embedding risk into how they operate, invest and grow, a recent survey by global insurance broker Gallagher revealed. Gallagher’s fourth annual Business Owners Survey, which included the participation of 1,000 business owners, highlights a broader shift toward more proactive risk practices, ... Read the full article
Oliver Wyman names Bainbridge as General Counsel & Chief Compliance Officer
12th June 2026
Oliver Wyman, a global management consulting firm and a Marsh business, has appointed Andrew Bainbridge as General Counsel & Chief Compliance Officer. In his new role, Bainbridge succeeds Paula McGlarry, who recently assumed the role of Global Chief Operating Officer & Chief of Staff. Bainbridge will report jointly to Kate Brennan, General Counsel ... Read the full article
Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon
12th June 2026
Total economic and insured losses related to the severe weather outbreaks that affected a large swath of the northern and central United States and southern Canada on June 5 - 11 will likely reach single-digit billions USD, according to Aon’s recent Weekly Cat Report. Between June 5 and June 8, a ... Read the full article
Glen Riddell succeeds James Beedle as SRA Chair
12th June 2026
The Singapore Reinsurers’ Association (SRA) has announced its new leadership team following a recent Executive Committee meeting, including the appointment of Glen Riddell as Chair, succeeding James Beedle. Established in 1979, the SRA is an industry trade association representing financial institutions licensed by the Monetary Authority of Singapore (MAS) to transact ... Read the full article
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