Reinsurance News

US P&C rating upgrades outnumbered downgrades in 2025: AM Best

In 2025, rating upgrades outnumbered downgrades for the US P&C industry for the first time in several years, driven by the commercial lines segment, according to AM Best’s recent report. AM Best noted that both upgrades and downgrades declined...

Posted: Mar 17, 2026

London market and global specialty insurers most directly exposed to Iran conflict: Fitch

The ongoing Iran conflict is expected to most directly affect the London market and global specialty insurers, given their direct exposure to marine/aviation war, political violence, trade credit and energy lines, according to credit ratings agenc...

Posted: Mar 17, 2026

Rokstone strengthens NA Casualty team

Rokstone, an international specialty re/insurance managing general agent (MGA), has announced the appointment of Claire Lill as Senior Underwriter, North American Casualty. In her new role, Lill will collaborate closely with Rokstone’s North Ameri...

Posted: Mar 17, 2026

Amiga Specialty launches in Hong Kong

Amiga Specialty, an independent international Managing General Agent (MGA), has commenced trading in Hong Kong after successfully securing a licence from the Hong Kong Insurance Authority. Under the leadership of Ralph Sherbahn, Managing Director...

Posted: Mar 17, 2026

Nexus appoints Walid Youssef as Head of UK Financial Institutions

Nexus Underwriting, an Arrowhead Intermediaries company, has announced the appointment of Walid Youssef as Head of UK Financial Institutions. In his new role, Youssef will manage Nexus’s UK Financial Institutions portfolio and drive the line’s str...

Posted: Mar 17, 2026

Willis partners with Qover to expand GB affinity technology ecosystem

Insurance broker Willis, a WTW business, has entered into a strategic partnership with Qover, a European leader in embedded insurance orchestration, to further expand its GB Affinity technology ecosystem. As part of the collaboration, Willis and Q...

Posted: Mar 17, 2026

Pacific Life Re appoints Dion Russell as Managing VP, Business Services, Protection

Pacific Life Re, the reinsurance arm of Pacific Life, has announced the appointment of Dion Russell as Managing Vice President, Business Services, Protection. Russell has more than 25 years of experience in the life insurance industry, having work...

Posted: Mar 17, 2026

Howden unveils regional structure changes, creates EMEA broking unit

Global insurance broker Howden has announced that it will now align its International Growth Markets (IGM) businesses with their respective regions, leading to a number of leadership appointments and regional structure changes effective April 1st,...

Posted: Mar 16, 2026

Markel International names Maureen Tomlinson as Head of AI and introduces AI Centre of Enablement

Markel International, the international insurance business of Markel Group Inc., has appointed Maureen Tomlinson as Head of Artificial Intelligence and announced the creation of an AI Centre of Enablement. Markel International forms part of Markel...

Posted: Mar 16, 2026

MGA market share gains accelerate to ~7% in 2025: BMO Capital Markets

The MGA space accelerated its P&C market share in 2025 to approximately 7%, with the overall MGA market growing 19% to ~$94 billion—a modest deceleration from the 21% growth reported in 2024, according to analysts at BMO Capital Markets. Analy...

Posted: Mar 16, 2026

Blenheim’s Syndicate 5886 reports strong 2025 results with £72m profit and 80.9% CoR

Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has announced a robust underwriting performance for Syndicate 5886 in the 2025 calendar year. Syndicate 5886 delivered a net combined ratio of 80.9%, represe...

Posted: Mar 16, 2026

UK pension schemes urged to review full range of endgame options: Aon

UK defined benefit (DB) pension schemes are being encouraged to evaluate the full range of available endgame options as the market evolves, according to Aon plc, a professional services firm that provides risk, retirement and health solutions. The...

Posted: Mar 16, 2026

SiriusPoint announces new Global P&C Programs & London Market Specialty divisions

SiriusPoint, a specialty insurer and reinsurer, has announced changes to its business structure, which will now operate through four business areas: Global P&C Programs, Global Reinsurance, Global Accident & Health, and a London Market Spe...

Posted: Mar 16, 2026

CEA’s total reinsurance limit rose to $7.912bn at year-end 2025

The California Earthquake Authority’s (CEA) total traditional reinsurance limit amounted to $5.037 billion at the end of 2025, which combined with in-force protection from catastrophe bonds of $2.875 billion, saw the entity’s total risk tran...

Posted: Mar 16, 2026

Fitch downgrades ARC’s ratings on sustained earnings volatility

Fitch Ratings has downgraded African Risk Capacity (ARC Ltd.)’s Insurer Financial Strength (IFS) Rating to ‘BBB+’ from ‘A-’ and its Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB+’, reflecting a decline in the firm’s standalone credit qu...

Posted: Mar 16, 2026

McGill and AIG collaborate to transform subscription market with AI-driven underwriting

McGill and Partners and AIG have teamed up in the subscription market to give clients seamless access to high-quality insurance solutions, supported by long-term capacity and managed with agentic AI. As part of the collaboration, AIG conducted a d...

Posted: Mar 16, 2026

Atrium appoints James Lakin as Head of Outwards Reinsurance

Atrium, a leading specialty insurer at Lloyd’s, has announced the appointment of James Lakin as Head of Outwards Reinsurance. In this position, he will lead the design and placement of Atrium’s outward reinsurance programmes, ensuring the strategy...

Posted: Mar 16, 2026

QBE Re names Soichiro Tanaka as Head of Southeast Asia

QBE Re, the reinsurance arm of insurer QBE Insurance Group, has named Soichiro Tanaka as its new Head of Southeast Asia. Tanaka has more than 13 years of experience in insurance and reinsurance markets across Asia. He joins from Aspen Insurance Ho...

Posted: Mar 16, 2026

Price Forbes Singapore expands treaty reinsurance team with senior hires

Global specialty broker Price Forbes continues to expand its newly formed treaty reinsurance team in Singapore with four senior appointments – Bruce Ford, Goh Thian Leong, Mark Foster, and Florence Lam Puoy Yin. These appointments follow the recen...

Posted: Mar 16, 2026

Allianz SE announces Board of Management changes ahead of 2027 transition

Allianz SE, the German multinational financial services and insurance group headquartered in Munich, has announced a series of leadership and portfolio changes within its Board of Management as part of long-term succession planning and organisatio...

Posted: Mar 16, 2026

Echo Re opens branch in India’s fast growing GIFT City

Zurich-based reinsurer Echo Re has received approval from the International Financial Services Centres Authority (IFSCA) of India to establish a reinsurance branch office in Gujarat International Finance Tec-City (GIFT City), strengthening its ope...

Posted: Mar 16, 2026

Escalating Middle East conflict may trigger risk repricing in reinsurance: AM Best

A new AM Best report has warned that if the ongoing Middle East conflict continues or escalates, reinsurers may need to reassess their risk exposure, with renewals becoming a critical inflection point for the sector in regional markets. According...

Posted: Mar 16, 2026

Incline strengthens executive leadership team

Incline, an insurance program market services firm, has announced the promotion of Andrew McLennan to Chief Risk Officer, and the appointment of Rob Strickland as Chief Information Officer. “These leadership decisions reflect our focus on bu...

Posted: Mar 16, 2026

Arrowhead Programs establishes Arrowhead Public Entity practice group

Arrowhead Programs, a managing general agency that designs and administers specialty insurance programmes, has announced the formation of Arrowhead Public Entity, a practice group dedicated to public-sector insurance. The new group combines public...

Posted: Mar 16, 2026

Kestrel sees net income hit $46.7m in 2025 amid premium growth

Kestrel, a specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported net income of $46.7m for the full year 2025, driven by strong premium growth and a significant accountin...

Posted: Mar 13, 2026