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South Korean insurance and reinsurance consulting and brokerage firm WISE Insurance Services Co., Ltd. has reorganized its reinsurance team, effective January 1, 2026. As part of this reorganization, the Reinsurance team has been renamed the R&S (Reinsurance & Specialty) team. This move is intended to support WISE’s next phase of sustainable growth. The team now…
Lara Mowery, chief commercial officer of reinsurance broker Gallagher Re, told Reinsurance News that while profitability may slow, she believes 2026 will be a healthy environment for reinsurance underwriting. We spoke to Mowery regarding the release of the broker’s January 2026 reinsurance renewal report. She explained that the dynamics that set the stage for 1.1…
Avishek Rath has been appointed as head of growth for India’s temporary reinsurance solutions at global broker Aon. Rath leverages the firm’s global network and advanced data analytics to deliver customized risk transfer solutions for high-value and complex risks. “I start the new year with clear goals and focus on what matters most – building…
Howden’s January 1, 2026 reinsurance renewal report shows that risk-adjusted global property catastrophe reinsurance online rates fell by an average of 14.7%, accelerating from the 8% decline in 2025, marking the largest year-on-year decline since 2014. Prices fell across most market sectors when reinsurance came up for renewal on January 1, 2026, bringing pricing back…
The latest 1st View report from reinsurance broker Gallagher Re shows that risk-adjusted real estate catastrophe pricing has fallen by an average of 10% to 20% since reinsurance renewals on January 1, 2026, with many buyers focusing on “lowering pricing” rather than “increasing risk.” The report highlights the greater availability of reinsurance capacity, which creates…
XS Global, the independently owned managed general underwriting (MGU) platform, has announced the appointment of Phillip Brain as regional accident and health (A&H) underwriting manager. Brain has more than two decades of global experience in the accident and health sector, with deep expertise in leadership, underwriting and distribution. Prior to joining XS Global, he was…
Credit ratings agency AM Best has maintained a stable outlook for New Zealand’s non-life insurance industry, citing stronger economic conditions, rising insurance demand, increased reinsurance capacity and continued improvements in regulation. These factors have strengthened market discipline, but operational challenges, cost pressures from regulatory changes and ongoing climate risk concerns remain severe. Non-life insurance premium…
Specialist reinsurance broker Willis Re predicts that there will continue to be new supply through 2026, while conditions will be relaxed and cession competition among reinsurers will become more intense. The broker noted that reinsurance pricing has softened across almost all segments in 2025, with renewals further evident on January 1. The company explained that…
Domestic Chinese insurer PICC Property & Casualty Co., Ltd. (PCC Property & Casualty) has entered into a reinsurance agreement with its sister companies PICC Re and PICC Hong Kong, both under its ultimate parent company PICC Group. PICC Property and Casualty signed one-year agreements with the two entities, which are valid from January 1 to…
Specialty insurer and reinsurer AXIS Capital has announced the appointment of Anita Mirzaian as head of US media underwriting and products. In this role, Mirzaian will be responsible for accelerating the expansion of the company’s media portfolio in the United States. She will work closely with Joe Wornham, global head of media products, to execute…