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Alternative capital is rewriting the reinsurance rules, and while it appears to be here to stay, a recent report from Guy Carpenter highlights that its rapid consolidation poses clear structural challenges. The report “The Convergence of Financial and Reinsurance Capital: How Cat Bonds, Sidecars and Financial Investors Are Redesigning the Architecture of Global Reinsurance” examines…
axa The new unit will be led by Libby Benet, currently AXA XL’s global chief underwriting officer. Benet joined AXA XL in 2020 as Cyber ​​chief underwriting officer and was appointed global chief underwriting officer in 2022. Prior to joining AXA XL, she managed her own consulting firm and held leadership positions at Beazley, General…
Great-West Lifeco’s Capital and Risk Solutions (CRS) reinsurance business, Canada Life Re, maintained its strong momentum in the first quarter of 2026, with net profit reaching a record C$353 million, a 92% increase from C$184 million in the same period last year. After a strong performance late last year on increased demand for capital efficiency…
Markel, the insurance business unit of Markel Group Inc., has appointed Raphael Da Costa to lead its U.S. cyber and technology E&O portfolio in New York. As previously announced, in his new role, da Costa will oversee Markel’s U.S. cyber and technology E&O underwriting strategy, portfolio management and product development. Additionally, he will work closely…
Beazley Security, the cyber security services arm of specialist insurance company Beazley, has released its Quarterly Threat Report Q1 2026, details a significant increase in exploited vulnerabilities as cybercriminals increasingly use AI-driven methods to accelerate attacks and target software supply chains. The report found that exploited vulnerabilities increased by 43% in the first quarter of…
XS Global, an independently owned managed general underwriting (MGU) platform, is expanding its presence in Europe with the opening of offices in Madrid and Paris. Together, the two offices will operate as XS Global Europe, serving as the group’s dedicated regional platform to strengthen its presence in the EU. The establishment of XS Global Europe…
Global reinsurer Swiss Re has appointed Yusuke Matsumoto as interim head of reinsurance Asia Pacific. Matsumoto has extensive experience in business and product development and has a proven track record of underwriting and building high-performing teams. He joined Swiss Re in June 2013 in a client markets role and was subsequently promoted to interim property…
Independent specialty re/insurance broker Miller has announced the appointment of Lyndsey Bauer as head of network strategic delivery, responsible for operating the company’s retail and wholesale platforms. Her primary focus is on managing cyber risk across industry verticals and insurance portfolios while creating a more integrated approach to address this critical element of cyber. Bauer…
Michael van Wegen, author of Gallagher Re’s full-year reinsurance market report, highlighted in a recent interview with Reinsurance News that capital redeployment will be the biggest challenge facing reinsurers in 2026. The report shows that total dedicated reinsurance capital will increase to a record US$648 billion in 2025, an increase of 11% from the previous…
Bermuda-based reinsurer Conduit Re’s gross written premiums (GPW) increased 4.9% year-on-year to $430.3 million in the first quarter of 2026, as strong casualty growth and marginal growth in property offset a decline in professional premiums during the quarter. In the first three months of the year, Conduit Re identified select growth opportunities, driven primarily by…