Reinsurance News

Oman Re and Gallagher Re support new mandatory nat cat cover for motor insurance

The Sultanate of Oman has introduced mandatory natural catastrophe coverage within the Unified Motor Insurance Policy, the first such initiative in the Gulf Cooperation Council (GCC) region, developed through close collaboration with Oman Re, Gall...

Posted: Feb 27, 2026

Gen AI could unlock $50-$70bn in insurance revenue, estimates McKinsey & Company

McKinsey & Company, a management consulting firm, argues that artificial intelligence (AI) represents one of the most significant opportunities for value creation within the insurance industry. In its analysis, McKinsey & Company maintains...

Posted: Feb 27, 2026

The Baldwin Group sees total revenue increase 8% to $1.5bn in 2025

Following what it described as a “year of significant progress” in 2025, The Baldwin Group has reported total revenue of $1.5bn, an increase of approximately 8% year on year, and authorised a $250m share repurchase programme. Despite the top-line...

Posted: Feb 27, 2026

Bishop Street Underwriters gets $125m funding from White Mountains

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has received a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. Recently, in its 2025 result announcement, Bishop Street disc...

Posted: Feb 27, 2026

Geopolitical shifts present strategic challenges and opportunities, says Marsh

Marsh, a firm specialising in risk, reinsurance, capital, and management consulting, has highlighted the growing challenges posed by an accelerating geopolitical transition. According to Marsh, this period represents a level of complexity not seen...

Posted: Feb 27, 2026

Exzeo Group announces flood insurance partnership with Tokio Marine Highland

Exzeo Group, Inc., a technology-driven insurance distribution and services company, has announced a strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln, an international specialty insurer. Through this...

Posted: Feb 27, 2026

VIG Re becomes an Associate Member of the SRA

VIG Re, the reinsurance arm of Vienna Insurance Group, has announced that it has become an Associate Member of the Singapore Reinsurers’ Association (SRA). Established in 1979, the SRA plays a key role in fostering dialogue, professional excellenc...

Posted: Feb 27, 2026

Despite some taking more risk, Swiss Re’s ‘share of wallet didn’t reduce’ at Jan renewal: CEO Berger

Although some large buyers of reinsurance decided to take more risk at the January 1st renewal season, global reinsurer Swiss Re’s share of wallet in the market didn’t reduce as buyers still need lead reinsurance partners, according to...

Posted: Feb 27, 2026

Marc Roston joins Hamilton’s Board of Directors

Hamilton Insurance Group Ltd., a Bermuda-based insurer and reinsurer, has announced the appointment of Marc Roston to its Board of Directors as a shareholder director by Magnitude Capital, LLC. Roston replaces Hawes Bostic, who has served on the H...

Posted: Feb 27, 2026

Saudi Re’s revenue increases 48% in 2025, net profit stands at SAR 140m

MENA-region reinsurer Saudi Re has announced its financial results for the full year 2025, reporting SAR 1.67 billion in revenue, a 48% increase compared to the same period of the previous year. According to the firm, this growth was supported by...

Posted: Feb 27, 2026

Swiss Re to nominate former Hannover Re CEO Henchoz to serve as Board member

Global reinsurer Swiss Re’s Board of Directors plans to nominate Jean-Jacques Henchoz, the former Chief Executive Officer (CEO) of large reinsurer Hannover Re, for election as a new, Non-Executive and Independent member of the Board. The app...

Posted: Feb 27, 2026

Miller to acquire Dubai-based reinsurance broker Shields

Specialist re/insurance broker Miller has agreed to acquire Shields Reinsurance Brokers Limited (Shields), an independent reinsurance broker based in Dubai, subject to regulatory approval. According to Miller, the acquisition of Shields is highly...

Posted: Feb 27, 2026

Brit’s profits hit $651.8m in 2025 as Bermuda reinsurance platform expands

Brit Insurance has disclosed its results for 2025, highlighting profits for the year of $651.8m, an increase of 36.2% from 2024, while insurance premiums written expanded to $3.09bn from $2.98bn. Brit also reported a return on net tangible assets...

Posted: Feb 27, 2026

PERILS ups industry loss estimate for Queensland & New South Wales storms to AUD 2.95bn

PERILS, the Zurich-based catastrophe insurance data provider, has increased its insurance industry loss estimate for the Queensland and New South Wales Severe Convective Storms (SCS) that occurred 21 to 27 November 2025, to AUD 2.95 billion. This...

Posted: Feb 27, 2026

Fidelis makes preparations for new Pelagos branded entities in Bermuda

Fidelis Insurance Group has taken a new step towards its global rebranding, reserving six company names in Bermuda, signalling the group’s preparation for its transition to Pelagos Insurance Capital Limited. While the group has secured multiple na...

Posted: Feb 27, 2026

Swiss Re delivers record Group net income as P&C Re profit rises to $2.8bn

Global reinsurer Swiss Re’s Group net income increased by 47% to $4.8 billion in 2025 with a strong performance across the business, including a significant rise in property and casualty (P&C) reinsurance net income on the back of a lowe...

Posted: Feb 27, 2026

HCI reports significant rise in net income to $108m in Q4’25

HCI Group, Inc., a Tampa-based insurance holding company, has reported a significant 2,512.4% increase in net income to $108 million in the fourth quarter of 2025, compared with $4 million in the same period a year earlier. For the quarter, pre-ta...

Posted: Feb 27, 2026

Gallagher strengthens dispute resolution insurance team with director appointment

Gallagher, the international insurance broking and risk management firm, has appointed specialist investigations and disputes lawyer Alexandra Carr as a Director in its dispute resolution insurance team, with the team ranking as Band 1 for litigat...

Posted: Feb 27, 2026

Rokstone North American Marine launches Inland Marine Equipment program

Rokstone North American Marine, part of the international specialty re/insurance MGA Rokstone, has launched a new Inland Marine Equipment program supported by a USD 10 million underwriting facility from QBE. Targeting small to mid-sized contractor...

Posted: Feb 27, 2026

Liberty Mutual Re ANZ appoints Casualty Underwriting Manager

Liberty Mutual Reinsurance (LM Re), the reinsurance division of Liberty Mutual, has appointed John Nicholls as Casualty Underwriting Manager for Australia and New Zealand (ANZ). Nicholls joins LM Re from the Sydney office of Liberty Specialty Mark...

Posted: Feb 27, 2026

Mosaic and Munich Re introduce AI-specific insurance for developers

Mosaic Insurance, a specialist insurer, has partnered with Munich Re, an international reinsurer, to offer a new insurance product tailored to the needs of AI providers. The scheme draws on Munich Re’s aiSure platform, a recognised tool for evalua...

Posted: Feb 27, 2026

US winter storms to hit Q1 profits with primary insurers expected to absorb losses: AM Best

Losses from two major winter storms in the United States – Fern in January and Hernando in February – are expected to result in a significant decline in underwriting profits for the first quarter of 2026, but the impact will be less se...

Posted: Feb 26, 2026

Christopher Dalrymple appointed Group Chief Legal Officer at Howden

Howden, the international insurance broking group, today announces the appointment of Christopher Dalrymple as Group Chief Legal Officer, effective 23 March 2026. Dalrymple will support Howden’s growth ambitions, bringing over 25 years of legal le...

Posted: Feb 26, 2026

Lumen Re secures $175m of collateralised protection with inaugural cat bond

Lumen Re Ltd., the Bermuda-based property catastrophe reinsurer within the insurance-linked securities (ILS) platform of LGT Capital Partners, has closed its inaugural Rule 144A catastrophe bond, Photon Re, securing $175 million of collateralised,...

Posted: Feb 26, 2026

Historic opportunity to use AI to transform insurance, say AXA execs

Executives at global insurer AXA have described artificial intelligence (AI) as a historic opportunity to transform the insurance business, serving as a major lever for better risk pricing, improved service quality, and enhanced customer experienc...

Posted: Feb 26, 2026