Year: 2026

The Insurance Council of Australia (ICA) has declared the severe bushfires affecting Victoria since 7 January 2026 a major incident, with state fire authorities continuing to battle out-of-control blazes with total structural damage exceeding 350. The ICA said its initial disaster response has now been launched, allowing the council and insurers to begin assessing the…

Australian insurer Suncorp has revealed that its total cost of natural catastrophe events in the first half of 2026 (H1’26) is expected to be A$1.319 billion, well above its budget of A$866 million, eroding the majority of its A$1.77 billion provision for full year 2026 (FY’26), meaning the carrier will recover through reinsurance. As we…

Novatae Risk Group, a wholesale insurance brokerage, managing general agency and program manager, announced the appointment of Walter Juergens as its new chief financial officer (CFO). In his new role, Juergens will be responsible for Novatae’s overall financial management. His responsibilities include driving strategic financial thinking and implementing change across the organization. The executive will…

Allianz SE, a holding company of Allianz Group, announced a global partnership with artificial intelligence (AI) research and development company Anthropic to accelerate the development of responsible artificial intelligence in the insurance sector. The partnership focuses on three key projects within the Allianz Group and aims to empower Allianz employees and accelerate operations while setting…

Global reinsurance brokerage Gallagher Re has announced the appointment of Georgina Meyer as executive director of UK Property. Meyer joins the company with more than two decades of experience in the reinsurance industry, specializing in catastrophe reinsurance and retrocession. Throughout her career, she has built a strong track record of successfully managing complex retrocession placements…

Sanjay Radhakrishnan, chief executive officer (CEO) of EDME Insurance Brokers Ltd, said the country’s reinsurance market is “doing well”, driven by rising insurance penetration and deepening underlying risk pools in the country. Speaking to Reinsurance News, Radhakrishnan said demand has risen in recent years in specialty and infrastructure-related sectors such as insurance, energy, liquidity and…

According to Insurance Capital Markets Research (ICMR), the global specialty reinsurance industry ushered in a glorious final year in 2025. Despite geopolitical fluctuations, increasing trade barriers and huge catastrophe losses, the RISX Net Total Return Index still achieved a total return of 22.3%. This performance not only cemented the index’s reputation as a robust indicator…

Insurance intermediary Specialist Risk Group (SRG), backed by Warburg Pincus and Temasek Holdings, has announced the appointment of Richard Gurney to the newly created position of head of specialty. The new leadership position is designed to accelerate the building of SRG’s international professional proposition. In this role, Gurney joins the Group Executive Committee and will…

Aon Solutions Japan Co., Ltd. announced that it has obtained an insurance broker’s license, established a corporate brokerage division, and appointed several senior executives. Aon said the new unit will mainly provide insurance plans and services to large companies with global operations, using Aon’s overseas resources and reinsurance market to compare and negotiate with multiple…

mea Platform, a company specializing in artificial intelligence solutions for the re/insurance industry, announced the promotion of Grayson Poole to chief product officer. mea builds deployable artificial intelligence products that automate complex, time-consuming operational workflows. The company noted that Grayson’s promotion reflects his key role in shaping the platform, driving customer outcomes and translating product…