Lloyd’s reports £3.5 bn profit as premiums rise in 1H 2026
Lloyd’s reported £34.7 bn of gross written premium and a 90.8% combined ratio in 1H 2026, with underwriting profit rising to £1.9 bn
Reinsurance News
AEGIS London and tech MGA Augentic launch Lloyd’s digital follow consortium
AEGIS London and Augentic launched a Lloyd’s digital follow consortium offering brokers capacity across Property, Casualty and Specialty risks
Global reinsurers post stronger 1H 2026 underwriting results
Global reinsurers improved underwriting profitability in 1H 2026 as catastrophe losses fell, though softer pricing drove non-life premiums down 6%
DIFC Court of Appeal limits reinsurer defence-cost liability
DIFC Court of Appeal says English law governs a $70 mn marine war-risk reinsurance dispute and rejects open-ended defence-cost liability
EBRD to expand Ukraine war-risk reinsurance facility after full use
EBRD plans to widen its Ukraine war-risk reinsurance facility with Aon after €360 mn in goods and vehicle movements used the scheme in nine months
Munich Re Q2 2026 profit rises to €2.2 bn on strong investment result
Munich Re reported a €2.211 bn Q2 2026 net result as low P&C major-loss expenditure and a €3.159 bn investment result supported earnings
INTX Insurance Software launched Tenet intelligence layer for reinsurance
INTX introduces Tenet, an intelligence layer for its reinsurance operating system, linking policy, treaty, claims and financial data
Fairfax Q2 shows Brit pricing pressure and global growth
Fairfax Financial Holdings reported $1.39 bn in net earnings attributable to shareholders for the second quarter of 2026, equal to $63.38 per diluted share
Goldman Sachs and Talcott launch $1 bn reinsurance sidecar
West Grove Re raises about $1 bn as Talcott and Goldman build Bermuda reinsurance capacity for US annuity liabilities
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
Lloyd’s expands multinational insurance access in India
Lloyd’s signs ICICI Lombard as its local partner in India, giving managing agents a route to local policies for selected business lines
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
Howden Re hires Jay Sogliuzzo to lead North America MET treaty
Howden Re appoints Jay Sogliuzzo to expand North America marine, energy and terror treaty capabilities amid rising geopolitical risk
Active Re released its 2025 Annual Report and reinforces its disciplined growth strategy
Active Re reported an 88.4% combined ratio, 16.1% ROE and $108 mn in equity, with AM Best affirming its A rating
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
Home insurtech Hippo places $777 mn reinsurance program for 2026
Hippo renews its 2026 reinsurance program with $513 mn first-event catastrophe protection and $777 mn aggregate coverage
New Zealand’s Natural Hazards Commission secures record $7.2 bn reinsurance cover
New Zealand’s NHC secures NZ$12.3 bn of reinsurance protection for 2026, including catastrophe bond cover through Totara Re
War risk models reshape insurance and Wall Street
Investors, banks, and insurers are adapting catastrophe-model methods to forecast war, regime change, shipping disruption, and political violence
Niyam Syndicate 2047 draws Lloyd’s reinsurance interest in GIFT City
Niyam Group CEO Bobby Swarup said Syndicate 2047 in India’s GIFT City could attract more global reinsurance capital through Lloyd’s
US-Iran ceasefire strains marine war risk cover after Hormuz strikes
Fresh U.S. strikes near Bandar Abbas deepen uncertainty for marine insurers as Hormuz war risk pricing remains far above pre-war levels.
Switzerland ranks third globally as reinsurance premiums hit CHF45.6 bn
Swiss reinsurers wrote CHF45.6 bn in gross premiums in 2021, making Switzerland the world’s third-largest reinsurance location
AM Best says $100 bn loss needed to tighten reinsurance market
AM Best revised its global non-life reinsurance outlook to stable as property rates fall and capital remains strong without a major loss
UK funded reinsurance capital rules may cut life insurer appetite
UK PRA plans to lift capital charges on funded reinsurance to about 10% of annuity liabilities, raising doubts over future PRT use
Aon reshapes credit reinsurance business with global hub model
Aon is moving its credit reinsurance operations to a global hub-led structure, with Rupert Evans relocating to New York
American Global signs Lloyd’s quota share deal for health indemnity
American Global Insurance secured Lloyd’s quota share reinsurance for AGII’s healthcare indemnity portfolio, with syndicates taking 50%
RenaissanceRe says Robert Qutub and Ross Curtis plan to retire
RenaissanceRe Holdings announced that Robert “Bob” Qutub, Chief Financial Officer, and Ross Curtis, Chief Portfolio Officer, intend to retire
Reinsurer OnRe appoints of Ben Fortune as Chief Underwriting Officer
OnRe, a licensed collateralized reinsurer and onchain asset manager, announced the appointment of Ben Fortune as its Chief Underwriting Officer
Francis Scott Key Bridge in Baltimore loss hits $2.8 bn marine insurance market
The Baltimore Bridge settlement lifts the Dali loss above $2.8 bn, creating the largest single marine insured loss on record
MS Amlin launches property treaty consortium with $67.5 mn per-risk capacity
MS Amlin launched a Lloyd’s property treaty consortium, lifting per-risk capacity from $50 mn to $67.5 mn for property lines
Lloyd’s weighs disclosure on former CEO John Neal probe
Lloyd’s is considering how much to disclose from a Freshfields probe into former CEO John Neal, his conduct, and governance concerns
McGill expands aviation war insurance cover for grounded spares
McGill and Partners launched aviation war coverage for spare engines and equipment kept on the ground, closing a gap in traditional hull war policies
K2 Insurance buys Oculus Underwriters for Vikco
K2 Insurance Services acquired Oculus Underwriters, adding specialist small commercial property underwriting scale to Vikco Insurance Services
Global reinsurance capital reaches record $648 bn in 2025
Global reinsurers posted record 2025 profits and capital growth, with dedicated capital rising 11% to $648 bn, according to Gallagher Re
RenaissanceRe sees stronger reinsurance demand ahead of mid-year renewals
RenaissanceRe says new reinsurance demand is running above January expectations, with Florida and U.S. property cat still offering profitable growth
Bank of England plans stricter capital rules for funded reinsurance
The Bank of England, through its supervisory arm Prudential Regulation Authority, outlined plans to tighten capital treatment for funded reinsurance deals
Digital insurance growth in Africa meets reinsurance capacity gap
Digital insurance expands across Africa and the Middle East, yet weak reinsurance capacity and rising motor losses raise pressure on sustainability
VIG Re posts strong 2025 profit and launches VIGRe28 growth strategy
VIG Re reported EUR 49 mn in pre-tax profit for 2025, improved underwriting results, and launched VIGRe28 to drive expansion across Europe and Asia
Atrium rolls out Sofix’s BrokerBrief to automate claim analysis across Lloyd’s business
Atrium deployed Sofix’s BrokerBrief across all classes of business, adding AI-generated claim summaries and document analysis directly into claims handling workflows
ICMR values Lloyd’s above $100 bn in latest syndicate market review
ICMR said Lloyd’s would be worth more than $100 bn if listed, as record profits and stronger returns sharpen focus on capital access and syndicate performance
Life reinsurance capital tops $160 bn as third-party investors expand
Guy Carpenter says global life reinsurance capital is set to rise above $160 bn in 2025, with third-party backing and asset-intensive deals driving faster growth
Cayman Islands gains ground in asset-intensive reinsurance, says PwC
PwC said asset-intensive reinsurance is helping turn the Cayman Islands into a larger hub for capital-efficient reinsurance as sector assets and premiums keep climbing
EIOPA and ESM propose EU catastrophe pool to narrow insurance gap
EIOPA and the ESM proposed an EU-wide catastrophe risk-sharing framework to improve insurance access, support affordability and keep private insurers at the centre
Aon sees Lloyd’s legacy deal activity picking up as capital discipline tightens
Aon expects legacy transactions at Lloyd’s to accelerate as softer reinsurance conditions, M&A activity and focus on historic risk push carriers toward balance sheet action
April reinsurance renewals extend softer pricing despite Middle East tension
Reinsurance rates eased again at April 1 renewals as strong capital, low cat losses, and surplus capacity outweighed geopolitical stress and economic uncertainty
Reinsurance pricing softens as profits stay strong in a capital-rich market
Autonomous said reinsurance renewals stayed soft, rate cuts widened in property and specialty, and profits still support mid-to-high teen returns on equity
Odyssey Group updates brand as Hudson and Newline adopt shared identity
Odyssey Group introduced a new brand identity, bringing Hudson and Newline under a shared visual system as the Fairfax-owned firm marks 30 years
P&C reinsurance margins face pressure as pricing eases in 2026
Moody’s said P&C reinsurance profitability has likely peaked as pricing softens, competition spreads, and European reinsurers adjust risk appetite
Japan April 1 renewals extend softer reinsurance pricing trend
Japan-focused April 1 renewals carried forward January trends, with property cat pricing falling and buyers reshaping programmes in a softer market
Kairos Risk Solutions buys Molto Re to expand in North America
Kairos Risk Solutions acquired Molto Re and named Josh Madson North America managing director as it pushes deeper into reinsurance and risk advisory
Global reinsurance capital hit $785 bn as competition rises in 2026
Aon said global reinsurance capital reached a record $785bn in 2025, with traditional and alternative capital both climbing as renewal competition increased
Howden Re strengthens LatAm & Caribbean capabilities with two senior appointments
Howden Re announces the appointments of Carlos Garcia as Managing Director and Karina Lopez as Director, further strengthening its Latin America and Caribbean offering
J.C. Flowers backs Niyam and Lloyd’s Syndicate 2047 in India
J.C. Flowers will take a controlling stake in Niyam and lead investment in Syndicate 2047, building a reinsurance platform from GIFT City into India
AM Best keeps London Market outlook stable as profits ease into 2026
AM Best said the London Market outlook remains stable, though profitability is expected to soften in 2026 as pricing eases and risk pressures build
Santam Syndicate 1918 hires Nigel Tatlock to lead property buildout
Santam Syndicate 1918 appointed Nigel Tatlock as Head of Property as it expands its Lloyd’s platform and builds out global property underwriting
Reinsurance renewals at 1 April extended the softening seen at 1 January – Howden Re
Howden Re said 1 April renewals extended January’s softening trend, with Japan property-cat rates falling and Hormuz-driven stress staying focused in specialty lines
Starr closes IQUW M&A deal to expand specialty reinsurance platform
Starr completed its acquisition of IQUW Group, expanding its specialty insurance and reinsurance platform across Lloyd’s, Bermuda, and UK motor
Readhunt secures Lloyd’s broker status to expand complex risk access
Readhunt received Lloyd’s broker registration, giving the UK insurance broker direct access to Lloyd’s syndicates for more tailored commercial risk solutions
Niyam wins Lloyd’s approval for Syndicate 2047 launch
Niyam Group received Lloyd’s approval for Syndicate 2047 and named Devesh Srivastava chairman as it builds a reinsurance platform for India
Brit launches BRIDGE cargo consortium with up to $80 mn capacity
Brit launched BRIDGE, a new cargo consortium offering up to $80mn in line capacity as cargo values rise and supply chains grow more complex
AI data center insurance faces rising catastrophe, business interruption and power risks as infrastructure spending grows and electricity demand accelerates
Global reinsurance capital reaches $688 bn as InsurTech companies target AI liability, parametric insurance and automated underwriting to drive premium growth
US cyber insurance rates have declined 9.7% since the beginning of 2024. Across markets outside the United States, prices have fallen 24.5%
How Verisk and Moody's RMS catastrophe models are incorporating current climate data and what the changes mean for insurers and reinsurers