Munich Re launches Lloyd’s pandemic parametric insurance consortium
Munich Re sets up a Lloyd’s consortium offering parametric pandemic cover, using WHO-based triggers to address a widening global protection gap
Reinsurance News
Aon delivered strong performance and finished 2025 with 9% total revenue growth
Aon delivered another quarter of strong performance and finished 2025 with 9% total revenue growth, 6% organic revenue growth and double-digit free cash flow
Tokio Marine Kiln hires Ben Sitki to strengthen cyber reinsurance team
Tokio Marine Kiln appoints Ben Sitki as underwriter in its Cyber Reinsurance Solutions unit, adding MEA cyber expertise as the platform expands
Fitch: APAC reinsurance pricing stays soft in 2025, risks mount into 2026
Fitch says APAC reinsurance pricing will stay soft in 2025 amid rising capacity, but climate risks and competition could pressure margins ahead of 2026
Rising re/insurance M&A activity in 2026 will open fresh opportunities in the run-off market
Rising reinsurance M&A activity in 2026 is likely to open fresh opportunities in the run-off market, as insurers carve out non-core portfolios before and after transactions
Atrium Underwriters expands InsurX tie-up as smart follow GWP tops $100 mn
Atrium Underwriters deepens its InsurX partnership, adding independent smart follow capacity as algorithmic property placements pass $100 mn.
Brit renews US hospital liability consortium 7882 with $10 mn capacity
Brit Group renews its US hospital professional liability Consortium 7882 for 2026, offering $10 mn of Lloyd’s-backed capacity amid tighter market conditions
Skyway Underwriters partners with ResiQuant to modernise coastal wind underwriting
Skyway Underwriters deploys ResiQuant’s AI platform to scale building-level coastal wind underwriting across Florida apartment and assisted living markets
Fitch sees softer US P&C insurance pricing in 2026, reinsurer outlook weakens
Fitch Ratings expects US P&C market softening in 2026 amid pricing pressure, while global reinsurance faces weaker conditions despite strong capital levels
Lloyd’s Patriotic Fund rebrands as Lloyd’s Veterans Charity
Lloyd’s Patriotic Fund adopts the name Lloyd’s Veterans Charity, clarifying its mission to support military veterans and families across the Lloyd’s market
Lloyd’s culture survey beats financial services benchmarks
Lloyd’s publishes Culture Survey results, with most scores above financial services benchmarks and strong results across accountability, leadership, and inclusion
Lloyd’s appoints Jim Bichard as CFO, PwC insurance chief joins in 2026
Lloyd’s names PwC global insurance head Jim Bichard as CFO from April 2026, replacing Alexandra Cliff, subject to UK regulatory approval
Greenland tensions raise geopolitical risk stakes for insurers and reinsurers
Tariff threats tied to Greenland sharpen geopolitical risk, forcing insurers, reinsurers, and brokers to reassess political violence, SRCC, and supply chain exposure
SCOR and Axa launch Lloyd’s consortium for ecological restoration risk
Scor and Axa form a Lloyd’s consortium to insure ecological restoration projects, aiming to reduce investment risk and scale nature recovery efforts globally
Reinsurance 2.0 reshapes capacity sourcing through data and capital
Analysts say reinsurance is shifting toward data-led capacity models, with technology, transparency, and diversified capital redefining risk transfer by 2026
European reinsurance profits stay elevated, slowing price reversals
J.P. Morgan says European reinsurance profitability remains far above historical levels, meaning only severe losses would disrupt current pricing trends
Helios Underwriting trims Lloyd’s capacity to £467 mn for 2026
Helios Underwriting expects £467m of managed Lloyd’s capacity for 2026, down 5%, with higher freehold exposure and portfolio adjustments
AXA XL Reinsurance names Julian Longbottom global head of Marine & Energy
AXA XL promoted Julian Longbottom to global head of Marine & Energy Reinsurance and appointed Jamie Pedro head of Specialty Reinsurance in Bermuda, effective January 2026
Aon expands data center insurance program to $2.5 bn capacity
Aon increased capacity for its Data Center Lifecycle Insurance Program to $2.5 bn, responding to rising AI, cloud, and digital infrastructure investment
Sedgwick launches London-based global specialty platform for complex losses
Sedgwick rolled out a global specialty platform in London to handle large, complex losses, expanding marine and energy capabilities with senior hires and 100+ adjusters
Niyam Group secures Lloyd’s approval for India-focused Syndicate 2047
Lloyd’s granted in-principle approval for Niyam Group’s Syndicate 2047, targeting Indian market risks with underwriting set to start in April 2026
Mosaic Insurance launches Bermuda excess casualty line as loss severity pressures rise
Mosaic Insurance added excess casualty as its eighth underwriting line, deploying up to $10 mn per risk from Bermuda amid social inflation and litigation-driven volatility
Santam launches Lloyd’s policy administration system with Alchemy and Buckhill
Santam, Alchemy Technology Services, and Buckhill delivered a new Lloyd’s PAS for Syndicate 1918 in under three months, replacing legacy systems with a cloud-based, ecosystem-led model.
Neptune Flood adds Lloyd’s capacity via Somers Syndicate 3705
Neptune Flood partners with Somers Syndicate 3705 to expand Lloyd’s-backed capacity as private US flood insurance demand keeps climbing
Brit Re launches property D&F underwriting in Bermuda market
Brit Group starts writing US and global property direct and facultative risks from Bermuda via Brit Re, targeting complex industrial and realty exposures
Turkey property-CAT reinsurance rates fall 15% as Jan renewals soften
Gallagher Re says Turkiye’s Jan 2026 property-CAT renewals saw 15% rate drops, heavy oversubscription, and easing pressure on parametric covers
Polo Managing Agency launches three new Lloyd’s syndicates for 2026
Polo Managing Agency brings three new Lloyd’s syndicates live in 2026, spanning trade credit, reinsurance, and retrocession busines
Statera Managing Agency wins Lloyd’s approval to run Syndicates 4242 and 1416
Statera Managing Agency secures Lloyd’s approval, bringing Syndicates 4242 and 1416 fully in-house under Octave Ventures
Dai-ichi Life backs first CCS bond with ¥4.7bn Port of Rotterdam deal
Dai-ichi Life invests ¥4.7bn, about $30mn, in the first carbon capture bond issued by the Port of Rotterdam, taking over half the deal size
Cyber reinsurance awash in capacity at Jan. 1, 2026 renewals
Gallagher Re says cyber reinsurance capacity at Jan. 1 renewals far exceeded demand, pushing rates down and reshaping treaty structures
Howden Re flags sharp property cat pricing drop at Jan. 2026 renewals
Howden Re estimates global property cat reinsurance pricing fell 14.7% at Jan. 2026, the steepest annual drop since 2014, with retrocession down 16.5%
Africa Specialty Risks renews Baobab Lloyd’s Consortium, lifts capacity to $26 mn
Africa Specialty Risks renews the Baobab Consortium at Lloyd’s, increasing per-risk capacity to $26 mn for Africa and Middle East exposures
London Bridge 2 drives fresh ILS capital into Lloyd’s market
London Bridge 2 PCC channels $660 mn of new capital into Lloyd’s in Q4 2025, emerging as a preferred ILS route for syndicates and investors
Reinsurance prices soften as capital swells ahead of 2026 renewals
Rising reinsurance capacity and record capital levels drive softer pricing and tougher competition at Jan. 1, 2026 renewals, Guy Carpenter & Co say
Tiffany Norman to lead Hannover Life Re US as President and CEO
Hannover Life Reassurance Company of America names Tiffany Norman as president and CEO, effective Jan. 1, 2026, following Pete Schaefer’s retirement
Global Property Catastrophe Rate fell 12% at 1/1, 2026 reinsurance renewals
Guy Carpenter reports global property catastrophe ROL down 12% at Jan. 1, 2026, with excess capacity, stable retentions, and softer terms
European reinsurers hit a wall after years of outperformance
European reinsurers lost momentum in 2025, with softer pricing, FX pressure, and capped earnings growth setting a tougher 2026
Liberty Mutual upsizes Mystic Re catastrophe bond to $150 mn
Liberty Mutual secures $150 mn of per-occurrence cat bond cover via Mystic Re IV, expanding protection to severe weather and fire risks
Global dedicated reinsurance capital climbing to $660 bn – Guy Carpenter
Guy Carpenter projects global reinsurance capital will rise 9% in 2025 to $660bn, led by alternative capital growth and strong investor demand
Active Re gains approval to operate as admitted reinsurer in Argentina
Barbados-based Active Capital Reinsurance receives authorisation to operate in Argentina, expanding its Latin America footprint with disciplined growth
Lockton Re launches LNAPS unit to back North American MGAs
Lockton Re opens a London-based North America portfolio solutions team, naming Henrietta Butcher to lead capacity sourcing for MGAs
Aon sees softer Jan. 1 reinsurance renewals as capital hits $760bn
Aon says record reinsurer capital and a calm 2025 hurricane season drove competitive January renewals, delivering double-digit rate cuts
Globe Life launches Bermuda reinsurer Globe Life Re for affiliate business
Globe Life forms and licenses Globe Life Re in Bermuda to assume affiliated quota share reinsurance under arm’s-length arrangements
AM Specialty’s Pinpoint UK secures Lloyd’s coverholder approval in London
AM Specialty’s Pinpoint UK gains Lloyd’s coverholder status, enabling delegated underwriting and direct access to the London Market
Meritage Re lifts 2026-1 cat bond to $250 mn for GeoVera
Meritage Re ups its Series 2026-1 cat bond to $250 mn, lowering price guidance as GeoVera and SafePort seek US storm cover
Lockton Re launches London unit for North American MGA capacity
Lockton Re creates a London-based North America portfolio solutions unit to place MGA capacity from Lloyd’s and global markets
Gallagher Re launches captives risk transfer team in facultative
Gallagher Re forms a captives risk transfer team within facultative, naming Martin Hughes and Joshua Cryer to lead tailored reinsurance solutions
Pinpoint UK gains Lloyd’s coverholder status in London Market
Pinpoint UK Solutions secures Lloyd’s approval as a coverholder, gaining delegated underwriting authority and direct access to the London Market
KBW sees 15-20% drop in property cat reinsurance rates at 2026 renewals
KBW analysts expect property catastrophe reinsurance rates to fall up to 20% at Jan. 2026 renewals as pricing discipline holds
Aon renews ACT insurance facility for 2026, adds facultative reinsurance
Aon Global has renewed its Aon Client Treaty insurance facility for 2026, adding facultative reinsurance alongside aviation and construction covers
Wildfire cat bonds draw ILS investors as modeling improves, issuance jumps
Investors move into wildfire-linked cat bonds as modeling improves, driving over $5 bn in issuance and pushing the market toward $60 bn in 2025
Howard Hughes to buy Vantage in $2.1 bn specialty reinsurance deal
Howard Hughes Holdings agrees to acquire Vantage Group for about $2.1 bn, backed by Pershing Square, as it pushes toward a diversified holding model
Munich Re and KfW launch state-backed cover for geothermal drilling
Munich Re and KfW introduce a state-backed insurance scheme to reduce geothermal drilling risk and unlock private investment in Germany’s clean heat sector
AIG launches Lloyd’s SPV Syndicate 2479 with Blackstone, Amwins
AIG sets up Lloyd’s Syndicate 2479 with Blackstone and Amwins, using London Bridge 2 and Palantir AI to support a $300 mn, third-party-backed portfolio
Farmers Insurance closes $400 mn cat bond to bolster US risk cover
Farmers Insurance Group completes a $400 mn catastrophe bond via Topanga Re, adding multi-year, indemnity-based protection across major US perils
German insurers propose Elementar Re catastrophe backstop scheme
Germany’s insurers unveil Elementar Re, a government-backed reinsurance backstop aimed at keeping high-risk homes insurable as climate losses rise
Fitch sets neutral 2026 outlook for global insurance sector
Fitch Ratings assigns a neutral 2026 outlook for global insurance, citing resilience overall but weaker margins in reinsurance, London Market, and US Health
Munich Re targets €6.3 bn profit in 2026 under Ambition 2030
Munich Re expects ROE above 18%, EPS growth over 8%, and €6.3 bn IFRS net profit in 2026 as part of its Ambition 2030 plan
Moody’s expects 15% drop in property cat reinsurance pricing in 2026
Moody’s Ratings sees property catastrophe reinsurance pricing falling about 15% as capital stays ample and buyers gain negotiating power in 2026
SAR insurtech ICEYE adds flood intelligence to Munich Re risk platform
ICEYE partners with Munich Re’s Risk Management Partners to bring SAR-based flood data and early warning tools to the Location Risk Intelligence platform
Space insurance is roughly divided into four types of coverage. They reflect the phases of most satellite projects – preparing and launching the satellite
The aerospace reinsurance renewals season is a chance to retention levels, conditions and price to enable Global aerospace insurance market
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation