Reinsurance News
Abundant capacity and intense competition drive further commercial insurance rate declines in Q1: Marsh
22nd April 2026
Marsh’s latest Global Insurance Market Index (GIMI) shows that global commercial insurance rates declined by an average of 5% in Q1 2026, following a 4% fall in Q4 2025 and marking the seventh consecutive quarter of rate reductions. According to the index, the downward rate movement in the opening quarter was ... Read the full article
Strong start to 2026 for Chubb as Q1 P&C underwriting income hits $1.79bn
22nd April 2026
Chubb has disclosed P&C underwriting income for Q1 2026 of $1.79 billion, up 306.3% from the same period last year, with a combined ratio of 84%. The firm's net income and core operating income were $2.32 billion and $2.69 billion in the opening quarter of the year, respectively, up 74.3% and ... Read the full article
US SCS loss surge largely driven by non-hazard factors, not just climate: Gallagher Re’s Bowen
21st April 2026
Gallagher Re’s Chief Science Officer, Steve Bowen, has noted that while weather and climate factors are certainly part of the story behind the increase in US severe convective storm (SCS) loss costs, most of the rise can be explicitly tied to macroeconomic and socioeconomic drivers. Speaking in an interview with Reinsurance ... Read the full article
Aon reports increasing climate risk from flood and drought in 2026 CCI findings
22nd April 2026
Aon plc, a global professional services firm, states that evolving flood and drought patterns are reshaping risk profiles across global insurance and reinsurance markets, according to its 2026 Climate and Catastrophe Insight (CCI) report released ahead of Earth Day. Drawing on its catastrophe data and forward-looking climate modelling, Aon reports that ... Read the full article
Allianz & Jio Financial Services to establish joint venture offering general and health insurance
22nd April 2026
Allianz Group, through its wholly-owned subsidiary Allianz Europe B.V., has entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 primary insurance joint venture offering general and health insurance. This agreement formalises a partnership first announced in July 2025, by establishing a domestic reinsurance joint ... Read the full article
Loadsure expands cargo insurance offering with War & SRCC coverage
22nd April 2026
Loadsure, a provider of data-driven freight insurance solutions, has added a War & SRCC (Strikes, Riots, and Civil Commotion) cargo cover option to its per-shipment product range. Introduced in early April, the cover is available to brokers, shippers, and freight forwarders seeking protection against risks linked to instability and disruption. The product ... Read the full article
PwC reports growing divide in AI-driven financial performance
22nd April 2026
PwC, a global network of firms providing audit, consulting and advisory services, reports that a relatively small group of organisations is capturing a disproportionate share of financial returns from artificial intelligence. In its study, Want ROI from AI? Go for growth, PwC analyses responses from 1,217 senior executives, largely from publicly ... Read the full article
W. R. Berkley reports GWP of $3.8bn for Q1’26 as net income expands
22nd April 2026
Insurance holding company W. R. Berkley Corporation has reported a rise in gross written premiums (GWP) for Q1’26 to $3.8 billion, compared with $3.7 billion in Q1’25. Net written premiums, meanwhile, remained broadly stable year over year, reaching $3.17 billion for Q1’26, compared to $3.13 billion in Q1’25. For the first quarter ... Read the full article
Ransomware is shifting towards infrastructure-led exploitation, At-Bay reports
22nd April 2026
At-Bay, a US-based InsurSec provider offering cyber insurance and risk management services, reports in its 2026 InsurSec Report that ransomware activity is increasingly shaped by the exploitation of core infrastructure. According to At-Bay’s analysis of more than 6,500 claims and over 100,000 policy years, 73% of ransomware incidents in 2025 began ... Read the full article
Florida market DPW rises 1.3% at year end 2025: Gallagher Re
22nd April 2026
The overall Florida insurance market reported a 1.3% year-on-year increase in direct premiums written (DPW) to $33.3 billion at year-end 2025, according to Gallagher Re’s Florida Market Watch Report. The report showed that Florida Specialists (excluding ANTSP) saw DPW increase by 13.5% to $22.2 billion compared to year-end 2024, with growth ... Read the full article
Acrisure Re integrates Capital and Captives division to expand global platform
22nd April 2026
Acrisure Re, the reinsurance arm of global fintech company Acrisure, has announced the integration of its Capital and Captives division into its broader platform. The move brings together more than 275 captive specialists across North America and Bermuda, combining an established captives business with the capabilities of a specialist reinsurance broker ... Read the full article
IUA launches NextGen Underwriting Committee to support early-career talent
22nd April 2026
The International Underwriting Association (IUA), a representative body for insurance and reinsurance companies operating in the London Market, has announced the formation of a new underwriting group aimed at professionals in the early stages of their careers. Known as the NextGen Underwriting Committee, the initiative is designed to support emerging talent ... Read the full article
Allianz Türkiye adopts Nettle AI platform to support commercial property risk engineering
22nd April 2026
Allianz Türkiye, a multi-line insurer operating in Türkiye and part of Allianz Group, has selected the Nettle AI platform to support its commercial property risk engineering operations following a pilot programme conducted by its internal teams. According to Allianz Türkiye, the pilot indicated that property inspections carried out by its risk ... Read the full article
Africa Re’s profit rises by 50.6% to $199m for FY’25
22nd April 2026
African Reinsurance Corporation has reported a 50.6% year-on-year increase in net profit after tax to $199 million for the financial year of 2025 (FY’25), up from $132 million in FY’24, driven by stronger underwriting performance, record investment returns, and lower foreign exchange losses. The reinsurer delivered robust premium growth, as gross ... Read the full article
SiriusPoint receives third ratings upgrade this year
22nd April 2026
S&P Global Ratings has upgraded SiriusPoint’s core insurance operating subsidiaries’ long-term issuer credit and financial strength ratings to 'A' from 'A-', marking the company’s third ratings upgrade this year. In addition, S&P raised SiriusPoint’s long-term issuer credit rating to ‘BBB+’ from ‘BBB’, with a stable outlook. S&P said the upgrade reflects its ... Read the full article
Allianz Re hires Dr. Jonas Haug from Munich Re as Global Head of Group Ceded Reinsurance
22nd April 2026
After more than 11 years with global reinsurer Munich Re, Dr. Jonas Haug is set to join Allianz Reinsurance as Global Head of Group Ceded Reinsurance, tasked with driving the development of the firm's reinsurance strategy in line with the Group's risk profile. Dr. Haug will lead Allianz Re's Group Ceded ... Read the full article
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