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While artificial intelligence (AI) adoption in reinsurance will likely remain gradual due to key challenges, it is becoming a major differentiator for companies that successfully incorporate it into underwriting, claims, and operations alongside appropriate governance and risk controls, AM Best highlights in a recent report. AI has rapidly become one of the most widely discussed…
Brazilian reinsurer IRB(Re) has reported a robust financial performance for Q2 2026, driven by strong underwriting discipline and expanding profitability despite a minor contraction in top-line premium volume. Notably, IRB(Re) reported net income of R$185 million for Q2 2026, representing a 29% increase compared to R$144 million in Q2 2025. Accounting for the impact of…
Korean Re, South Korea’s specialist reinsurance company, reported higher profit for the first half of 2026, supported by improved reinsurance performance and stronger investment results. The reinsurer’s revenue from insurance and investment increased 4.2% year on year to KRW 3,652.1 billion in the three months to June 2026, compared with KRW 3,503.5 billion in the…
Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies. Subject to regulatory approval, the transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. Paul Brockman, Group…
The Global Reinsurance division of Bermuda-headquartered Sompo International spearheaded the firm’s Q1 performance for fiscal year 2026, delivering significant revenue growth of 91.8% to reach $1.55 billion, up from $810 million in the same period of 2025. According to Sompo International, the expansion in reinsurance top-line was primarily propelled by the ongoing integration of Aspen…
Traditional reinsurers’ capital utilisation improved to 77% at year-end 2025 from 85% in 2024 and 92% in 2023, and credit rating agency AM Best expects further improvement to 72% in 2026, driven by a continuation of market trends. In a new report, AM Best highlights how the record level of dedicated reinsurance capital, from both…
MS Amlin, a global specialty commercial insurance and reinsurance provider and part of MS&AD, has reported its IFRS 17 Q1 2026 (April – June) financial results, including a £21 million year-on-year rise in net income to £61 million and an improved combined ratio. In a strong quarter for the London headquartered firm, insurance revenue increased…
Atrium, a specialty insurer at Lloyd’s, has announced the appointment of London Market veteran John Pilkington as Chief Capital Officer (CCO). This newly created role, Atrium highlighted, will be key in shaping the company’s capital strategy to support the delivery of its five-year transformation agenda. In his new position, Pilkington will be responsible for sourcing…
American International Group, Inc. (AIG), a global insurer and reinsurer, has launched a new Parametric Cloud Outage Solution in partnership with Parametrix, a provider of digital business interruption solutions, offering additional cyber protection for clients experiencing business interruption losses from cloud service outages and cloud provider downtime. The solution’s parametric formula is backed by Parametrix’s…
Zurich domiciled reinsurer MS Reinsurance (MS Re), part of global insurance group MS&AD, saw its gross written premiums (GWP) rise by roughly $300 million to $3.2 billion for the six month period ended June 30, 2026. As the reinsurer’s portfolio continued to expand, the combined ratio strengthened by 8.7 percentage points to 82.5%, supported by…