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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,…
Insurance and investment organization Starr has appointed Zhang Xinwei as global chief operating officer (COO) of its property division, responsible for leading the company’s globally unified property operations function, strengthening team support, enhancing collaboration and driving new growth opportunities. She brings nearly two decades of experience leading real estate operations and driving change at major…
Vienna Insurance Group (VIG) reported pre-tax profit of 310.3 million euros in the first quarter of 2026, a significant increase of 18.8% compared to the same period in 2025, mainly driven by the company’s Special Markets, Poland, Central and Eastern Europe Extended Region and Austria divisions. Meanwhile, VIG reported that total premiums increased by 4.4%…
Amiga Specialty, a specialist managing general agent (MGA), has secured £25m/USD ‘A Class’ global licensing capability for its yachting division, marking a major step forward in the development of its specialist marine product. The newly acquired capacity will enhance Amiga Specialty’s ability to underwrite complex yachting risks globally. While the unit will underwrite yachting risks…
Amiga Specialty, a specialist managing general agent (MGA), has secured £25m/USD ‘A Class’ global licensing capability for its yachting division, marking a major step forward in the development of its specialist marine product. The newly acquired capacity will enhance Amiga Specialty’s ability to underwrite complex yachting risks globally. While the unit will underwrite yachting risks…