Pacific Life Re completes first asset-intensive reinsurance transaction in Hong Kong

Global life reinsurer Pacific Life Re has successfully executed its first asset-intensive reinsurance transaction in Hong Kong, marking its entry into a new market for its Savings & Retirement business in Asia. The transaction involved the reinsurance of a block of whole life liabilities for a pan-Asian insurance provider. Through the Hong Kong transaction, Pacific…

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AXA partners with Publicis Sapient to deploy standardised “Global AI Hub” at scale

AXA, the France-headquartered multinational insurance and asset management group, has entered a strategic partnership with Publicis Sapient, a technology firm providing enterprise artificial intelligence (AI) platforms and services, to accelerate the next phase of its AI transformation. The insurer confirmed that the partnership focuses on further developing “Global AI Hub” to scale AI agents safely,…

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P&I reinsurance rates expected to increase further heading into 27/28 renewals: Gallagher Specialty

Reinsurance rates for Protection and Indemnity (P&I) Clubs are expected to rise further heading into the 2027/28 renewals, with more focus on the fully cellular container (FCC) segment, according to Gallagher Specialty’s P&I Market – Midyear Review. At the last renewal, the International Group (IG) increased the programme limits by USD250 million, meaning that, inclusive…

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Cyber reinsurance market to shift focus to strategic deployment: Ariel Re’s Carr

Ample capacity and sustained competitive pricing will characterise the cyber reinsurance market, but the core discussion is shifting from sheer volume to strategic deployment, Daniel Carr, Head of Cyber Underwriting at Ariel Re, stated in a recent interview with Reinsurance News. According to Carr, as the reinsurance industry meets at Rendez-Vous de Septembre (RVS) 2026…

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Reinsurers must offer value beyond more capacity and lower pricing: Westfield Specialty’s Gray

Around the 68th edition of the Monte Carlo Rendez-Vous (RVS), Christopher Gray, Divisional Director, Reinsurance, at Westfield Specialty International, said that to be successful at the January 1 renewals, reinsurers must offer value beyond just more capacity or lower pricing. He said that his call is driven by current reinsurance market conditions that are characterised…

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AM Best maintains stable outlook for global life reinsurance market

Credit rating agency AM Best has maintained its stable outlook for the global life reinsurance segment, driven by the expected moderate growth in global life channels and a concentrated traditional reinsurance market, which is dominated by several highly rated, diversified, and well-capitalised global companies with favourable underwriting results. The report noted, “Life reinsurance accounts for…

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