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According to USI Insurance Services’ 2026 Commercial Property and Casualty Market Outlook report, the competitive environment will undoubtedly weaken some insulation reinsurers with strong reputations in difficult markets. USI said that as the market changes, the current rates, attachment points and terms that reinsurers strive to maintain are facing significant challenges from a market with…
MS Reinsurance (MS Re), a global reinsurance company headquartered in Switzerland, announced the appointment of Lutz Honstetter as Chief Investment Officer (CIO). In his new role, Honstetter will be responsible for developing the company’s long-term investment strategy. Based in Zurich, he will report directly to MS Re CEO Robert Wiest and will become a member…
The catastrophe bond and related insurance-linked securities (ILS) market broke multiple records in 2025, with 122 huge transactions bringing a record $25.6 billion in new issuance to the market, supported by 15 new market entrants, according to the latest Artemis report. Artemis’ fourth quarter and full year 2025 Cat Bond and related ILS market reports…
Statera Management Agency Limited, a subsidiary of Octave Ventures, has received regulatory approval to act as Lloyd’s managing agent. Statera will now manage Syndicates 4242 and 1416, which currently underwrite specialty risks generated through a strategic relationship with Octave Ventures, a subsidiary of Octave Specialty Group, Inc. The syndicate benefits from a Lloyd’s A+ financial…
Howden revealed that January 1 casualty reinsurance renewals benefited from improving supply and demand dynamics, with performance-driven results driven by continued long-tail and reserve pressures, while international placements remained generally stable despite tighter renewal requirements for the U.S. business. The U.S. casualty reinsurance market experienced largely stable conditions on January 1, with overall capacity stable…
Cowbell, a provider of online and specialty insurance focused on small and medium-sized businesses, has announced the next cycle of its organizational journey to accelerate global growth while increasing profitability and scale, with the appointment of John Botros as chief financial officer. Building on the company’s strong performance and recent expansion into Australia, Cowbell is…
Reinsurance brokerage and advisory firm Gallagher Re has appointed Scott Cobon as head of strategic solutions for Bermuda. Cobon joins Artex from Gallagher, a specialist in alternative risk management, captive insurance and insurance-related securities, where he is renowned for his deep risk management expertise, complex structuring skills and extensive capital markets knowledge. Gallagher highlighted that…
JPMorgan acknowledged that the double-digit decline in real estate catastrophe pricing was a sharp adjustment to digest, but said it did not expect the renewal weakness to impact reinsurers’ net income guidance, noting that market participants had largely anticipated these pricing reductions when the guidance was set. In a new report on the matter, J.P….
Carrick Group Limited, the international non-life legacy insurance company headquartered in Bermuda, has announced the appointment of Alex Smith as Senior Vice President of London Operations and Aidan Mills as Vice President of Mergers and Acquisitions in Bermuda. Smith has more than 25 years of industry experience. Prior to joining Carrick Group, he held a…
Cowbell, a provider of online and specialty insurance focused on small and medium-sized businesses, has announced the next cycle of its organizational journey to accelerate global growth while increasing profitability and scale, with the appointment of John Botros as chief financial officer. Building on the company’s strong performance and recent expansion into Australia, Cowbell is…