Reinsurance News

VIG profit before taxes exceeds €1bn for the first time in 2025

Vienna Insurance Group (VIG) achieved strong growth in premiums to €16.3 billion and a significant 31.7% rise in profit before taxes to €1.16 billion for 2025, with the firm highlighting robust levels of profitability in all countries. In terms of...

Posted: Mar 12, 2026

ICA declares Significant Events for NT and Queensland floods

The Insurance Council of Australia (ICA) has declared two Significant Events for communities affected by recent severe rainfall and flooding in the Northern Territory and Queensland. The Northern Territory flooding includes Katherine and surroundi...

Posted: Mar 12, 2026

Heightened risk of severe cyberattacks amid Middle East conflict: S&P

According to S&P Global Ratings, cyber-risk analytics firms have reported heightened activity by threat actors and affiliated hacktivist groups since the outbreak of the Middle East war, including distributed denial-of-service attacks, phishin...

Posted: Mar 12, 2026

Devonshire Underwriting names Liria Martinez-Salmon MD to lead Southern Europe expansion

Devonshire Underwriting, the Managing General Agent (MGA) focused on transactional risk (TR) underwriting, has appointed Liria Martinez-Salmon as Managing Director – Head of Southern Europe. The appointment represents a key step in the firm’s inte...

Posted: Mar 12, 2026

Generali achieves record operating result in 2025 as P&C premiums rise 7.6%

Global insurer Generali produced its best ever operating result of €8 billion for the 2025 financial year, with a strong performance in all segments, notably the property and casualty (P&C) arm which delivered a 20% year-on-year increase in it...

Posted: Mar 12, 2026

Starr appoints Danielle An as Head of Financial Lines Singapore & Wholesale Business Asia

Starr, an insurance and investment organisation, has announced the appointment of Danielle An as Head of Financial Lines, Singapore, and Wholesale Business, Asia. In her new role, An will play a key role in driving Starr’s growth in Financial Line...

Posted: Mar 12, 2026

Chubb to serve as lead underwriter for DFC’s $20bn Maritime Reinsurance plan

The U.S. International Development Finance Corporation (DFC) has revealed that Chubb will serve as the lead partner for its $20 billion Maritime Reinsurance Plan, aimed at restoring commercial shipping in the Gulf and helping to restart energy and...

Posted: Mar 12, 2026

Hannover Re’s net income rises to €2.6bn in 2025 as increased reserve resiliency offsets benign loss...

Hannover Re, one of Europe’s big four reinsurers, delivered a 13.4% rise in net income to €2.6 billion for the 2025 financial year, as reinsurance revenue increased by 1.5% year-on-year to €26.8 billion, with a strong performance in both the...

Posted: Mar 12, 2026

Markel Insurance names Phil Jones as CIO for International Operations

Markel Insurance, the insurance, reinsurance and investment holding company, has announced the appointment of Phil Jones as Chief Information Officer (CIO), International, effective immediately. In the role, Jones will lead the technology strategy...

Posted: Mar 12, 2026

BreachRx launches cyber incident response management warranty with $3m in coverage

BreachRx has announced the launch of BreachRx CIRM Warranty, an industry-first cyber incident response management warranty offering up to $3 million in executive and corporate cyber incident liability protection backed by a global insurer. BreachR...

Posted: Mar 12, 2026

Aon is seeing risk repriced in real time as Middle East conflict cuts across many insurance lines, s...

Leaders at global insurance and reinsurance broking group Aon have shared their observations and perspectives on numerous lines of insurance business as the conflict in the Middle East continues, as Joe Peiser, CEO of Risk Capital for Aon, highlig...

Posted: Mar 11, 2026

Banyan Risk appoints John Berger, Bob Cox & Andrew Cook to Advisory Board

Banyan Risk Ltd (“Banyan Risk”), a Bermuda-based specialty Managing General Agent (MGA), has appointed three experienced insurance executives to its Advisory Board. The new members are John Berger, Bob Cox, and Andrew Cook, who collect...

Posted: Mar 11, 2026

IFC targets $50m guarantee support for African reinsurer ZEP-RE

The World Bank’s International Finance Corporation (IFC) is arranging a guarantee facility of up to $50 million to cover the reinsurance credit risk of ZEP-RE, a leading reinsurer in Africa headquartered in Nairobi, Kenya. Established in 199...

Posted: Mar 11, 2026

Aon adds Tank & Langley-Poole to Reinsurance Solutions Credit & Financial Risks team

Global insurance and reinsurance broking group Aon has announced the appointment of Uday Tank and Tom Langley-Poole as brokers within its Reinsurance Solutions Credit and Financial Risks team. Both Tank and Langley-Poole will report to Rupert Evan...

Posted: Mar 11, 2026

The Fidelis Partnership announces underwriting leadership promotions

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced several senior promotions, including four new heads of business across specialty lines. The four new heads of business include Grahame Dawson, who h...

Posted: Mar 11, 2026

Chubb names Seshadri Iyer to lead Global Operations, Technology & Digital Transformation

Large US insurer Chubb has announced the appointment of Seshadri Iyer as Executive Vice President, Chubb Group, Operations, Technology and Digital Transformation, effective 6th April 2026. Iyer succeeds Julie Dillman, who is retiring on 2nd April...

Posted: Mar 11, 2026

Marine war risk market ‘operating as expected’ amid Middle East hostilities: IUA

Chris Jones, Chief Executive of the International Underwriting Association (IUA), said members are continuing to provide cover for clients affected by the current hostilities involving Iran across several lines of business, adding that the marine...

Posted: Mar 11, 2026

HDI Global appoints David Wilson as Global Head of Claims Energy & Power

HDI Global, a commercial and specialty lines insurer, has announced the appointment of David Wilson to the newly created role of Global Head of Claims Energy & Power, effective 1st March 2026. Based in London, Wilson will work in a global capa...

Posted: Mar 11, 2026

Private ILS premium environment remains healthy: Artemis ILS NYC 2026 video

The track record of private insurance-linked securities (ILS) fund strategies continues to attract greater attention, and while capital raising is more challenging in private ILS and blended strategies, in comparison to pure catastrophe bonds, con...

Posted: Mar 11, 2026

AXA XL appoints Leyla Delic as Chief Technology and AI Officer

AXA XL, the property, casualty, and specialty risk division of AXA, has announced the appointment of Leyla Delic as Chief Technology and AI Officer. Based in London, Delic will report to Scott Gunter, CEO of AXA XL, and Matthieu Caillat, Group Chi...

Posted: Mar 11, 2026

AM Best reports decline in US P&C insurer impairments in 2024

Only one US property and casualty (P&C) insurer was recorded as impaired in 2024, a notable reduction from the 13 impairments reported a year earlier, according to credit rating agency AM Best. AM Best outlines the findings in its report, 2024...

Posted: Mar 11, 2026

Pen Underwriting enters UK mid-market professional indemnity segment

Pen Underwriting, a multi-class multi-territory managing general agent (MGA), has officially launched in the UK mid-market professional indemnity (PI) segment, catering to firms with larger fee incomes or higher turnovers. The new offering is back...

Posted: Mar 11, 2026

Aon’s Tracy-Lee Kus appointed new chair of LIIBA

Tracy-Lee Kus, CEO of Aon’s Global Broking Centre, has been appointed chair of the London & International Insurance Brokers’ Association (LIIBA), the representative body for London market insurance brokers. Kus, a 14-year veteran of Aon who ha...

Posted: Mar 11, 2026

Markel names Kristen Dardia as Head of Portfolio Analytics, US & Bermuda

Markel Insurance, the insurance operation within Markel Group Inc., has appointed Kristen Dardia as Head of Portfolio Analytics, US & Bermuda, based in New York. In her new role, Dardia will lead Markel’s advanced analytics, technical pr...

Posted: Mar 11, 2026

Achmea places €8bn longevity reinsurance with Munich Re and Pacific Life Re, advised by Aon

Achmea and Achmea Pension & Life Insurance, the joint venture between Achmea and Sixth Street established on 1 October 2025, have announced the completion of two longevity reinsurance transactions, executed by Achmea Pension & Life Insuran...

Posted: Mar 11, 2026