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The latest 1st View report from reinsurance broker Gallagher Re shows that risk-adjusted real estate catastrophe pricing has fallen by an average of 10% to 20% since reinsurance renewals on January 1, 2026, with many buyers focusing on “lowering pricing” rather than “increasing risk.” The report highlights the greater availability of reinsurance capacity, which creates…
XS Global, the independently owned managed general underwriting (MGU) platform, has announced the appointment of Phillip Brain as regional accident and health (A&H) underwriting manager. Brain has more than two decades of global experience in the accident and health sector, with deep expertise in leadership, underwriting and distribution. Prior to joining XS Global, he was…
Credit ratings agency AM Best has maintained a stable outlook for New Zealand’s non-life insurance industry, citing stronger economic conditions, rising insurance demand, increased reinsurance capacity and continued improvements in regulation. These factors have strengthened market discipline, but operational challenges, cost pressures from regulatory changes and ongoing climate risk concerns remain severe. Non-life insurance premium…