Latest news
Aon: Record capital set to drive more flexible reinsurance market in 2027
Record levels of reinsurance capital are set to give buyers greater room to reshape programmes at the coming 1 January renewals, with Aon expecting further pricing relief alongside increased use of alternative capital and facultative solutions
Gallagher Re urges buyers to use soft market to reshape programmes
Record capital and expanding alternative capacity are giving cedants a window to rethink reinsurance structures and improve earnings resilience ahead of the 1 January renewals, the reinsurance broker emphasised in its pre RVS press briefing
Pelagos leans into capital allocator model as market softens
Pelagos is using its partnership-led structure to shift capital between underwriting opportunities as market conditions change, group managing director Jonny Strickle said
Severe stress needed to reverse reinsurance softening: Howden Re
Reinsurance pricing is set to continue softening without a major shock, but elevated financial and geopolitical risks mean carriers should use current conditions to build resilience, Howden Re has said in a report released by the reinsurance broker ahead of RVS 2026
Reinsurers consider M&A as surplus capital deployment tool
Market commentators suggest that M&A opportunities encompassing specialty lines, MGAs, insurtechs and firms with a Lloyd’s footprint could be particularly attractive to reinsurers looking to redeploy capital for inorganic growth
Zaffino to step down as AIG exec chair
John Rice will become chair of the AIG board from 15 September, while Zaffino moves into a senior advisor role
Europe’s wildfire risk rising despite limited historical losses: Howden Re
Reinsurance broker warns changing heat, drought and exposure conditions are increasing accumulation risk across multiple lines, despite Europe accounting for just 5% of global wildfire losses over the past decade
Alt cap ‘embedded’ as investor appetite and ILS scope expand
Alternative capital shows signs of perminancy and cat bonds ‘complement’ reinsurance pricing by ‘stepping in to provide more cover for frequency risk as reinsurers have retrenched from that’, according to Moody’s
Reinsurers deliver 19.9% ROE as capital hits record $688bn: Gallagher Re
Gallagher Re raises its full-year profitability outlook as industry capital continues to outpace revenue growth and intensify deployment pressures
Guy Carpenter rebrands as Marsh Re
Reinsurance broker adopts Marsh name as it looks to deepen collaboration across risk, capital, people and consulting capabilities, Dean Klisura wrote
IGI launches Cipher cyber treaty reinsurance MGA
Bermuda-based platform will initially target global cyber treaty business, with IGI taking a 60% stake through its newly formed managing agencies operation
Howden Re appoints Duarte to lead Portugal expansion
Appointment establishes the broker’s first physical presence in Portugal as it targets further investment and team growth in the market
Verisk lifts global yearly insured cat loss benchmark to $171bn
Modelled average annual losses rise $19bn in a year, according to cat modeller Verisk, with the US accounting for 68% of global insured cat risk
When the safe harbour gets choppy: Xceedance on HNW risk, Dubai, and the evolving art of personal lines broking
Rising geopolitical risk is testing Dubai’s safe-haven status and increasing demand for sophisticated, cross-border insurance solutions for high-net-worth clients, writes Nakul Vadher, associate vice president, client partner at Xceedance
AM Best: Cat bond issuance hits record $17.3bn as ILS capacity fuels softening
Abundant capital and record cat bond issuance are contributing to softer reinsurance pricing, with ILS capacity expected to continue growing through 2026, according to ratings agency report
Munich Re Specialty launches Lloyd’s construction rescue cover
New product targets tunnelling and underground infrastructure projects, funding rescue and crisis response costs following catastrophic incidents
MS Amlin expands cyber portfolio with Jomaa and Tigleanu hires
Senior appointments will support the Lloyd’s insurer’s expansion in direct cyber as it targets a larger position in the class
OpEd: Offshore wind – A hundred identical things
Offshore wind is being insured on a wording built for something else, Russell Pulver writes, and the serial-loss exposure that follows cannot be read off the page
Willis Re agrees acquisition of BMS Re US in ‘transformational’ expansion
Reinsurance broker deal will establish Willis Re with an operational presence in the US, while BMS retains its UK, Latin America, Bermuda and global facultative reinsurance businesses
AM Best’s top 50 reinsurers: Profitability holds firm as softer market gathers pace
Munich Re reclaimed top spot among IFRS 17 reinsurers while Lloyd’s led non-IFRS reporters, as AM Best warned abundant capital is increasing competitive pressure
Envelop to launch Syndicate 1925 at Lloyd’s
Cyber reinsurance specialist will transition SPA 1925 into a full syndicate from January 2027, creating scope to expand into casualty and specialty lines
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