Reinsurance News

Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics

Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches...

Posted: Jan 02, 2026

ASR renews Baobab Consortium with increased capacity of up to $26m per risk

Africa Specialty Risks (ASR), a re/insurance group specialising in Africa and the Middle East, has announced the renewal of Baobab, the first Lloyd’s Consortium focused exclusively on Africa, with an increase in capacity of up to USD 26 million pe...

Posted: Jan 02, 2026

Skyward Specialty completes acquisition of Apollo for $555m

Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialist insurer, has completed its acquisition of Lloyd’s specialist Apollo Group Holdings Limited at the previously agreed terms. Launched in 2009, Apollo is a US-focus...

Posted: Jan 02, 2026

Aon President and CEO Greg Case’s employment agreement extended

The Board of Directors of global insurance and reinsurance broking group, Aon, has approved an extension of President and Chief Executive officer (CEO), Greg Case’s employment agreement through December 31st, 2030. Case has been with the bro...

Posted: Jan 02, 2026

US casualty reinsurers prioritise portfolio diversification and long-term relationships at 1.1: Guy...

In a notable reversal of recent market trends, the January 1, 2026, reinsurance renewal cycle saw difficult casualty placements being traded for property positions – the exact opposite of the trade seen just three years ago, according to a r...

Posted: Jan 02, 2026

Great American’s Environmental Division collaborates with División Daños México

Great American Insurance Group’s Environmental Division has announced its collaboration with its División Daños México. This partnership marks a significant expansion of the Group’s specialised environmental capabilities, bringing dedicated pollut...

Posted: Jan 02, 2026

WISE restructures reinsurance and specialty team

WISE Insurance Services Co., Ltd., a Korean insurance and reinsurance advisory and brokerage firm, has implemented a restructuring of its Reinsurance Team, effective January 1st, 2026. As part of this restructure, the Reinsurance Team has been ren...

Posted: Jan 02, 2026

2026 expected to be another healthy environment for reinsurers: Mowery, Gallagher Re

In an interview with Reinsurance News, Lara Mowery, Chief Commercial Officer at reinsurance broker Gallagher Re, said that while profitability may moderate, she sees no reason to expect 2026 to be anything other than a healthy environment for writ...

Posted: Jan 02, 2026

Avishek Rath joins Aon’s Facultative Reinsurance Solutions team in India

Avishek Rath has been appointed as Head of Growth for global broker Aon’s Facultative Reinsurance Solutions in India. Leveraging the firm’s global network and advanced data analytics, Rath is committed to provide bespoke risk transfer solutions fo...

Posted: Jan 02, 2026

2026 renewal sees sharpest decline in risk-adjusted global property rates since 2014: Howden

Howden’s January 1 2026 reinsurance renewal report has revealed that risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by an average of 14.7%, accelerating from an 8% fall in 2025 and marking the largest year-on-y...

Posted: Jan 02, 2026

Property cat rates down 10-20% at 1.1 with buyers focused on “down pricing”, says Gallagher Re

Risk-adjusted property catastrophe pricing reduced by 10% to 20% on average at the January 1st, 2026, reinsurance renewals, with many buyers focused on “down pricing” rather than “up risking”, according to reinsurance broke...

Posted: Jan 02, 2026

XS Global appoints Phillip Brain as Regional A&H Underwriting Manager

XS Global, an independently owned managing general underwriting (MGU) platform, has announced the appointment of Phillip Brain as Regional Accident & Health (A&H) Underwriting Manager. Brain brings more than two decades of global experienc...

Posted: Jan 02, 2026

AM Best maintains stable outlook on NZ’s non-life insurance sector

Credit ratings agency AM Best is maintaining a stable outlook on New Zealand’s non-life insurance sector, citing stronger economic conditions, rising insurance demand, enhanced reinsurance capacity, and ongoing regulatory improvements. These facto...

Posted: Jan 02, 2026

Willis Re expects further easing of conditions, greater competition & continued new supply in 2026

Willis Re, a specialised reinsurance broker, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a soft...

Posted: Dec 31, 2025

China’s PICC P&C enters into reinsurance agreements with PICC Re & PICC HK

Chinese domestic insurer PICC Property and Casualty Company Limited (PICC P&C) has entered into reinsurance agreements with PICC Reinsurance and PICC HK, its sister entities under the ultimate parent PICC Group. PICC P&C entered into separ...

Posted: Dec 31, 2025

AXIS Capital appoints Mirzaian as Underwriting & Product Lead US Media

Specialty insurer and reinsurer AXIS Capital has announced the appointment of Anita Mirzaian as Underwriting & Product Lead US Media. In this role Mirzaian will be tasked with accelerating the expansion of the company’s Media portfolio in the...

Posted: Dec 31, 2025

US P&C set for strong 2026 despite shifting landscape: Fitch

US property and casualty (P&C) insurance is set to maintain strong underwriting profitability through 2026, despite a shifting landscape, marked by social inflation, slow economic growth, and heightening competition, according to a new report...

Posted: Dec 31, 2025

Fergus Re names Sharmini Samuels as Chief Underwriting Officer

Bermuda-based collateralised reinsurer Fergus Re has appointed Sharmini Samuels as its new Chief Underwriting Officer (CUO), effective January 1st, 2026. This appointment follows that of Stewart Ritchie as Chief Executive Officer in October 2025,...

Posted: Dec 31, 2025

Non-proportional cyber pricing falls up to 25% as XoL and hard retro gain ground at 1.1: Guy Carpent...

Guy Carpenter, a global reinsurance intermediary, has released its January 1, 2026 Reinsurance Renewal Report, outlining a cyber renewal season defined by disciplined execution, competitive pricing conditions and continued structural innovation, p...

Posted: Dec 31, 2025

Apollo announces leadership transition for Construction business

Apollo, the specialist Lloyd’s re/insurance group, has announced leadership changes for the Construction line of business as Tim Cook prepares to retire from his role as Head of Construction on 31 December 2025. As part of a planned succession, Ma...

Posted: Dec 31, 2025

Erin Rotz named President of Berkley Fire & Marine

W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has appointed Erin Rotz as President of Berkley Fire & Marine, effective immediately. Rotz has over two decades of inland marine and construction underwrit...

Posted: Dec 31, 2025

IK Partners acquires majority stake in French insurance broker Ascora

IK Partners, a European private equity firm, has announced that its IK Small Cap IV Fund has acquired a majority stake in Ascora Group, a French multi-specialist insurance broker. The transaction, structured as a management buyout (MBO), is design...

Posted: Dec 31, 2025

Sompo Hong Kong appoints Will Wang as Head of Casualty

Sompo Hong Kong, part of Sompo International Holdings Ltd., has announced the appointment of Will Wang as Head of Casualty for Hong Kong, Macau and Taiwan, effective December 29th 2025. Wang will be based in Hong Kong and report to Alasdair Walker...

Posted: Dec 31, 2025

CIRCA unveils new Board of Directors and leadership team for 2026

The Cayman International Reinsurance Companies Association (CIRCA) has unveiled its Board of Directors and leadership team for 2026 to continue advancing the Cayman Islands’ reinsurance sector. Faramarz Romer, Group Chief Financial Officer at Gree...

Posted: Dec 31, 2025

AdA Syndicate 2024 receives permission to underwrite from Lloyd’s for 2026 YOA

AdA, a Lloyd’s and regional Marine & Specialty insurer, has announced that AdA Syndicate 2024 has received “permission to underwrite” from Lloyd’s for the 2026 year of account. AdA Underwriters was established in May 2023 by Natasha Jodrell, J...

Posted: Dec 30, 2025