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Reinsurance buyers in the Middle East achieved significantly lower risk-adjusted rates during the July 2026 renewal period as ample capacity and intense competition accelerated market weakness across the EMEA region. Gallagher Re’s First View Renewal Report for July 2026 shows that reinsurance buyers have entered a period in which conditions have further favored them, allowing…
Bermuda-based specialty insurer and reinsurer SiriusPoint has appointed Mark Aspinall as head of its new Fine Arts and Coins team, effective January 2027. In his new role, Aspinall will be based in London and report to Chris Fenn, global head of maritime at SiriusPoint. He will be responsible for building SiriusPoint’s new fine art and…
London Engineering Group (LEG) has become an affiliate of the International Underwriting Association (IUA), the representative body for insurance and reinsurers operating in the London market. Founded in 1984, LEG is an insurance consultancy covering engineering risks, providing a forum for discussion and education, and publishing research and model clauses. IUA represents more than 80…
AI-native insurance company Corgi has announced the appointment of Johannes Els as head of portfolio risk. In his new role, Ells will lead Corgi’s insurance portfolio monitoring and risk strategy, overseeing portfolio risk discipline, reserving, technology pricing and capital model oversight across the company’s full-stack operating group. He has over 20 years of general insurance…
Incline P&C Group, a leading insurance program market services company, has entered into an expanded partnership with Accelerant, a data-driven risk exchange platform for the specialty insurance market. As part of the agreement, Incline will serve as a front-loaded carrier for Accelerant’s U.S. commercial specialty insurance portfolio of more than $500 million in annual gross…
Global insurer and reinsurer American International Group (AIG) has appointed Koki Umeda as Vice Chairman of AIG Japan, succeeding Hirofumi Shimoyama, who will transition to Senior Advisor, effective July 1, 2026. Umeda brings more than three decades of global insurance experience and a proven leadership record in Japan, the Americas and Europe. James Nash of…
The property catastrophe reinsurance market in Australia and New Zealand continues to soften with “relatively late” renewals on July 1, according to data from Gallagher Re. First POV, Creative Moment – ​​July 2026 Updated Report. Gallagher Re, the reinsurance brokerage and advisory firm owned by Arthur J. Gallagher, said ample capacity, weak demand and increased…
Flood Re, the UK government-backed reinsurance scheme that aims to improve access to affordable flood insurance for at-risk households, has set out a series of reforms to mark its tenth anniversary of operation. The group said the changes aim to make insurance affordable and viable in the long term, while placing greater focus on reducing…
VIG Re, the reinsurance arm of Vienna Insurance Group, has obtained the required regulatory approvals from the Monetary Authority of Singapore (MAS) and met applicable requirements for establishing a representative office in Singapore. As previously reported, the office will be led by Wilfrid Goh, who has been appointed Chief Representative for Asia Pacific (APAC). The…
A new Goldman Sachs analysis of catastrophe events in the second quarter of 2026, based on data from insurance brokers and catastrophe modeling firms, estimates global insured catastrophe losses at about $24 billion, with major insurers expected to absorb much of the impact. The second-quarter 2026 estimate is $24 billion, about 65-70% of the five-year…