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Independent insurance broker Lockton has secured a reinsurance license in the Kingdom of Saudi Arabia, a move that marks the next stage of the company’s geographical expansion. Chris Brown, CEO of Lockton International, said: “This license strengthens our service and ensures we can meet the needs of our clients in Saudi Arabia and beyond when…

Richard Jones will join Willis Re, the reinsurance advisory and brokerage joint venture between Bain Capital (BCIS) and WTW, in October 2026 from Gallagher Re and will lead the reinsurance brokerage’s Asia operations in Singapore, subject to all regulatory approvals being obtained. Jones is an experienced and respected practitioner in the region, bringing nearly four…

ACORD, the international organization responsible for insurance data standards, has released the 2026 Insurance Data Standards Insurance digital maturity research Assess how digital capabilities translate into business performance across industries. The analysis covered 210 of the world’s largest insurance companies across property and casualty, life and reinsurance businesses and found that only 7% of companies…

In a recent interview with Reinsurance News, Gavin Lillywhite, senior vice president of business development at Xceedance, discussed how data analytics and generative artificial intelligence (GenAI) can enhance the managed general agent (MGA) business model. “There is much hype and hype around the potential of agent AI to transform the insurance and reinsurance industry. As…

Fuse, an AI intelligence platform focused on commercial insurance, has launched Mark, a new solution designed to evaluate insurance submissions based on real-time market data. This follows the company’s recent launch of Watch, a commercial insurance real-time risk dashboard that maps active risk events across the U.S. in real time for brokers and underwriters, and…

Bermuda-based insurer and reinsurer Lancashire Holdings Limited has announced financial results for the first quarter of 2026, with gross written premiums (GPW) falling 6.1% year-on-year to $668.4 million. The reinsurer pointed out that excluding the impact of recovery premiums related to the California wildfires, the underlying decline in gross written premiums was only 1.2%. The…

Apollo, part of Skyward Group, an innovation-focused insurance platform, has announced the launch of its international casualty reinsurance category, expanding its existing portfolio and expanding its presence in global markets. The firm views the addition as a strategic move to support clients with complex risk requirements while introducing a lower-volatility component to its overall portfolio….

Talanx Group, Hannover Re’s parent company and major shareholder, reported preliminary consolidated net profit of 774 million euros in the first quarter of 2026, significantly exceeding analysts’ expectations and heralding a strong start to the year. The German insurer said its preliminary results beat market consensus of about 673 million euros, compared with 604 million…

Major U.S. insurer Allstate expanded its national per-occurrence catastrophe reinsurance maximum limits by $2 billion at renewals in April, providing coverage for events of up to $11.5 billion in losses, and made some changes to its overall coverage. For Allstate’s primary 2026-2027 Nationwide Per Occurrence towers, retention is the same as the previous year at…

AXIS Capital has achieved strong results at the beginning of 2026, with gross premiums in the first quarter reaching US$3.1 billion, a year-on-year increase of US$303 million, or 11%, and the combined ratio also improved to 89.8%. At the same time, net income available to AXIS Capital common shareholders in the first quarter of 2026…