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Reinsurance broker Gallagher Re shared its expert commentary on U.S. real estate lines at renewal on January 1, 2026, highlighting “real estate cat pricing declines that were larger than average expectations.” As the end of the year approaches, a surge in available capacity and a relatively quiet Atlantic hurricane season have led to lower prices,…

Lloyds Group AEGIS London has announced the promotion of Tom Prifti to international E&O (errors and omissions) collective underwriter. Prifti will succeed Martin King, who will retire at the end of 2025 after ten years at AEGIS London and a long and distinguished career beginning at CT Bowring in 1982. In his new role, Prifti…

American Modern Insurance Group, Inc., a division of Munich Re, has partnered with Bridge Specialty Group to launch a farm and ranch insurance program. The program is designed to provide independent agents with versatile insurance solutions that meet the specific needs of farm and ranch operators, from small hobby farms to commercial agricultural enterprises. “Agents…

HDI Global Canada strengthens its maritime business under the leadership of Michael Wright. Michael Wright joined the corporate and specialty insurer in 2025 as head of Canadian maritime. With decades of experience and a strong brokerage background, he has driven the sector’s growth in innovative ways, setting new standards for client-centric solutions and driving innovation…

Traditional acquirer DARAG Group has announced the completion of a Portfolio Transfer Agreement (PTA) for Protector’s Danish workers’ compensation business and the signing of a Loss Portfolio Transfer (LPT) and PTA with another European airline. DARAG’s German insurer DARAG Deutschland AG completed the PTA of Protector’s Danish workers’ compensation portfolio between 2012 and 2025 with…

JP Morgan said European reinsurance profitability is well above historical levels, meaning a major shock would be needed to reverse the current trend in reinsurance prices. In a recent report, JPMorgan described the reinsurance industry’s strengthening profitability as a “blessing and a curse.” This means profits remain high and will have to fall further to…

Markel Nederland has successfully completed a massive digital transformation, replacing its core systems in just eight months, a time period the company says is an industry record. Supported by consulting and technology partner IG&H, the transformation is designed to significantly speed up claims and policy processing. In such a short time, Markel was able to…

ACORD, the global standards-setting body for the insurance industry, has announced its 2026 board of directors, which will be chaired by Robert Kelly AM, founder, managing director and CEO of Steadfast Group Limited. Kevin Tobin (External Director) will serve as Vice Chairman. The Board of Directors consists of 18 members, including 7 new directors. “As…

James Mahon, head of reinsurance pre-sales at DXC Technology, emphasized that in an increasingly complex and softening market, reinsurers/insurers must rethink their renewal strategies and invest in automated renewal management, rather than relying on manual, people-dependent processes. Mahon told Reinsurance News that recent market conditions have made the renewal process increasingly complex. However, despite its…

Global reinsurer SCOR has joined a consortium of more than 10 leading reinsurers/insurers to support the recently launched insurance facility designed to support artificial intelligence (AI) and data center infrastructure. The $750 million facility, launched by Advanced Technology Assurance (ATA), is described as the first of its kind to consolidate multiple traditional and new insurance…