Latest Smartphones, Gadgets and Startups News
Insurance
Chariot Re, the Bermuda-based Class E life and annuity reinsurer co-sponsored by MetLife and General Atlantic, has closed an oversubscribed third capital raise of approximately $700 million in equity and debt financing, with backing from Chubb and other institutional investors. Both MetLife and General Atlantic, who serve as Chariot Re’s exclusive asset managers, participated in…
Despite expectations that reinsurance pricing will soften further in 2027 amid ample capacity from both traditional reinsurers and alternative capital providers, S&P maintains a stable outlook for the global reinsurance sector, with “strong fundamentals” expected to offset increasingly challenging near-term market conditions. According to S&P’s latest report, rating trends support its stable sector view. The…
Bermuda’s global reinsurance market recorded its highest level of gross premiums and revenues in 2025, according to new figures from the Association of Bermuda Insurers and Reinsurers (ABIR), the industry association representing Bermuda’s leading insurance and reinsurance companies. ABIR’s 2025 Global Underwriting Report found that participating members generated $197.5 billion in gross premiums and revenues…
Global insurer American International Group (AIG) has confirmed that Peter Zaffino will step down as Executive Chair and a member of the Board of Directors on September 15th, 2026, with John Rice taking over as Chair of the AIG Board on the same date. Zaffino transitioned from President and CEO to Executive Chair of AIG…
Reinsurers are becoming increasingly selective about the MGA programmes they support, with underwriting profitability, data quality, governance, and the strength of the carrier relationship emerging as key differentiators, according to Accredited’s Head of Reinsurance UK and Europe, Jon Wood, and Head of Business Development, Marco Hensemberger. As the program market has matured, the pair said…
AXA XL Reinsurance, part of AXA XL, has announced the appointment of Augustin Gas as Head of Asia, Reinsurance, effective 1 September 2025. In his new role, Gas will be responsible for managing AXA XL’s regional reinsurance business across Asia, working with key clients and brokers in the region and leading the team based in…
The Lloyd’s reinsurance market is facing intensifying softening pressures in 2026, particularly across property catastrophe business, although rates have declined from a very strong peak and are still expected to remain adequate, according to AM Best. Reinsurance is Lloyd’s largest segment, reportedly accounting for around one-third of the market’s gross written premium. The segment generated…
Today’s risk landscape is more connected and faster moving, and as the environment continues to evolve, what’s important across the re/insurance value chain is charging an adequate rate, according to Urs Baertschi, Chief Executive Officer (CEO) of Property & Casualty (P&C) Reinsurance at Swiss Re. In a video interview ahead of the 2026 annual meeting…
Marsh, a global insurance broker and risk adviser, has partnered with cyber risk management company Resilience to launch Cyber Protect in Asia, an offering aimed at helping organisations identify significant cyber exposures before they result in financial losses. The solution is available exclusively through Marsh in Asia and brings together Marsh’s cyber insurance expertise with…
Northern Re, a specialty reinsurance group focused on high-frequency, low-severity property and casualty portfolios, has announced that its in-force premium has surpassed $1 billion. Northern Re has participated in more than 100 bespoke reinsurance contracts across treaty, legacy and whole-account solutions since commencing underwriting in January 2023. Committed capital has increased from $25 million to…