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Swiss Re has appointed Henock Teklu as its new group chief transformation officer and group chief of staff. Teklu joins the firm from BlackRock Investment Management in New York for more than eight years, most recently as a managing director. In his new role, he will lead and oversee Swiss Re’s entire corporate transformation agenda….
A recent report from the Geneva Institute warns that as cyber incidents become more frequent, complex and costly, many companies still have persistent gaps in cyber hygiene and risk management, highlighting the urgent need to strengthen resilience, with cyber insurance playing a key role. The Geneva association noted that rising geopolitical tensions and deeper digital…
Talanx AG, one of Europe’s major insurance and financial services groups, has secured new financing totaling €1 billion through a dual bond issuance to strengthen its capital structure and refinance upcoming debt maturities. The company said it has issued 500 million euros of senior unsecured bonds to numerous institutional investors in Germany and international markets….
A recent report from Allianz highlights that the frequency and intensity of severe convective storm (SCS) events has increased significantly, resulting in billions of dollars in insured losses globally, but these risks can be mitigated through a combination of traditional resilience measures and artificial intelligence (AI) solutions. Last year alone, these unpredictable events accounted for…
Ardonagh’s Orvia Underwriting has announced a number of senior leadership appointments to strengthen its underwriting, distribution, technology and operational capabilities while increasing scale across its European markets and business lines. Launched in January 2026, Orvia Underwriting is Ardonagh Group’s new pan-European MGA platform. Orvia appoints Paul Nolan as chief underwriting officer, responsible for underwriting strategy,…
According to brokerage Aon Group, global reinsurance capital will grow nearly 10% in 2025, reaching a record $785 billion by the end of the year, with both traditional equities and alternative capital hitting new highs, providing the industry with ample room to absorb growing risks. The broker has released its April 2026 update of its…
Singapore-based boutique insurance solutions consultancy Kairos Risk Solutions has strengthened its presence in the North American reinsurance and risk advisory market with the acquisition of Molto Re. As part of the acquisition, Josh Madson has been appointed Managing Director (MD) of Kairos Risk Solutions North America. The transaction is consistent with Kairos’ long-term strategic growth…
George Sherriff, CEO of Gallagher Re Japan, said Japan remains an attractive diversified market from a reinsurance perspective. He pointed out that reinsurance companies are well-capitalized and are still seeking opportunities for renewal after April 1, 2026. In an interview with Reinsurance News on April renewals, mainly for Japan, Sharif said trends were broadly consistent…
According to Aon’s April renewal report, the reinsurer’s average return on equity (ROE) reached 17%, supported by solid investment performance, marking the third consecutive year of strong underwriting performance and retained earnings. With this in mind, the company said it expects reinsurers to continue to generate returns above the cost of capital through 2026, assuming…
The January 1 renewal trend continued in Japan-focused April 1 reinsurance renewals, with Gallagher Re reporting no losses on Japan’s real estate catastrophe plans, leading to lower risk-adjusted rates in the range of -15% to -17.5% as buyers took advantage of strategic opportunities. Reinsurance broker Gallagher Re’s latest First Edition report examines the important April…