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The global property and casualty (P&C) insurance market is moving from a pricing boom to normalization after a period of significant interest rate hikes, according to the latest Global Insurance Report from Allianz Research. The insurer’s data shows that global property and casualty insurance premiums will grow by +3.8% in 2025, well below the +8.5%…
France-based global reinsurer SCOR has completed its sponsorship of new catastrophe bonds Atlas Capital DAC Series 2026-1, providing $75 million in multi-year protection against a range of natural catastrophe risks. The issue provides coverage for named storms in the United States and Caribbean, earthquakes in the United States and Canada, and storms in Europe. The…
International specialist insurer and reinsurer Convex Group Limited has received in-principle approval to launch Lloyd’s Syndicate 1987, with plans to commence underwriting on July 1, 2026, subject to regulatory approval. With capabilities to support Convex’s approved business plans, Syndicate 1987 will focus exclusively on long-tail specialty product lines, deploying capabilities across targeted portfolios in casualty…
Fidelis Partnership is replacing the traditional title of “underwriting associate” with “analyst” to reflect the future of underwriters focused on innovation, faster decision-making and client relationships as artificial intelligence increasingly automates menial administrative tasks. In an interview with Reinsurance News, UK CUO, Michael Davern, group head of real estate, energy and construction at D&F, and…
Howden Re, the reinsurance arm of Howden brokerage, has released an analysis of the situation in the Strait of Hormuz, noting that while global reinsurance capacity remains solid, conditions are tightening in the maritime, energy and political violence sectors as geopolitical instability continues in the region. The company noted that these developments are affecting underwriting…
The latest report from global reinsurance broker and risk advisor Aon on global construction insurance in Asia Pacific reveals that the market remains growth-oriented, supported by ample capacity, insurers’ growth ambitions and improving reinsurance performance. Capacity remains strong and pricing is competitive, particularly in China and India, while Japan is under pressure from regulatory developments,…
Insurance broker and risk consultant Gallagher has developed a new parametric insurance solution designed to help golf courses mitigate the financial disruption caused by flooding and severe weather. The product was created in partnership with FloodFlash, a NormanMax company that specializes in sensor-based parametric flood coverage. Gallagher stressed that heavy rainfall, storms, hurricanes and coastal…
Earlier this month, Reinsurance News partnered with global reinsurance giant Swiss Re to host a retrospective roundtable in Brighton surrounding the 2026 Traditional Insurance and Reinsurance Industry Annual Conference. Stakeholders from the evolving field discuss opportunities, challenges and key market trends. Latest Reinsurance News The Heritage Market Roundtable, in partnership with Swiss Re, was held…
The increasing integration of artificial intelligence (AI) is creating new challenges for accountability, responsibility and insurability, with adoption rates outpacing existing AI governance frameworks, according to Willis’ latest Risk and Resilience Assessment. Willis noted that AI is embedded throughout the entire workflow, from reading claims files and making underwriting judgments to filtering cyber threats. It…
Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, announces the appointment of Elliot Paul as Head of Ocean Freight in London, UK. Paul brings over 15 years of maritime expertise to Sompo, including most recently as Head of Cargo and Maritime Liability at CNA Hardy’s Lloyd’s Syndicate. Prior to this,…