News
Europe’s wildfire risk rising despite limited historical losses: Howden Re
Reinsurance broker warns changing heat, drought and exposure conditions are increasing accumulation risk across multiple lines, despite Europe accounting for just 5% of global wildfire losses over the past decade
OpEd: Offshore wind – A hundred identical things
Offshore wind is being insured on a wording built for something else, Russell Pulver writes, and the serial-loss exposure that follows cannot be read off the page
Willis Re agrees acquisition of BMS Re US in ‘transformational’ expansion
Reinsurance broker deal will establish Willis Re with an operational presence in the US, while BMS retains its UK, Latin America, Bermuda and global facultative reinsurance businesses
AM Best’s top 50 reinsurers: Profitability holds firm as softer market gathers pace
Munich Re reclaimed top spot among IFRS 17 reinsurers while Lloyd’s led non-IFRS reporters, as AM Best warned abundant capital is increasing competitive pressure
Envelop to launch Syndicate 1925 at Lloyd’s
Cyber reinsurance specialist will transition SPA 1925 into a full syndicate from January 2027, creating scope to expand into casualty and specialty lines
Fidelis Partnership prices $2.04bn refinancing
New Term Loan B cuts TFP’s cost of debt by 225 basis points as the business secures inaugural public credit ratings
DWIC Connect 2026: GCC infrastructure pipeline to fuel MEASA insurance growth
DWIC 2026’s on stage sessions closed with a panel to discuss regional commercial re/insurance opportunities across the Middle East, Africa, South Asia (MEASA), with construction and infrastructure projects a major focus for the Gulf as it rebuilds following this year’s conflict
Price Forbes appoints Chris Harris to lead US casualty
Price Forbes has announced Chris Harris as a new managing director and head of US casualty, effective immediately.
DWIC Connect 2026: Middle East energy buyers rethink cover after conflict disruption
Energy clients across the Middle East are reassessing political violence, business interruption and contingency planning after regional conflict exposed the limits of traditional physical damage cover, a DWIC Connect Istanbul panel heard.
Record capital tests reinsurer discipline as softening goes on: AM Best
Global reinsurance capital is projected to reach $705bn in 2026, and AM Best warned that growing competition and softening property catastrophe rates will test whether the underwriting discipline established since the 2023 market reset can endure
Augment Risk appoints Cripps group head of growth and broking
Cripps takes on newly created role while continuing to lead the broker’s global parametric business during a transitional period
AI can help insurers break the cycle of soaring climate rates, says Lilypad innovation chief
AI-native insurers can use more granular data to improve risk selection, customise coverage and stabilise markets facing affordability pressures from hurricanes and climate-related perils, according to Lilypad’s Rajiv Matta
AI attracts 99% of capital, as insurtech funding hits four-year high, says Gallagher Re
Gallagher Re figures recorded $2.44bn of global insurtech investment in the second quarter, driven by mega-rounds and growing interest in the infrastructure supporting AI
Arch names Barrett deputy active underwriter for Syndicate 2012
Barrett expands his London Market leadership responsibilities while retaining oversight of Arch’s cyber and healthcare portfolios
Everest agrees sale of Mexico insurance business to Fairfax
Transaction forms part of Everest’s planned exit from its remaining commercial retail insurance operations
Dive In must leave a lasting legacy, says CFC’s Line
Nick Line, chief underwriting officer at CFC and chair of Dive In 2026, says the festival has transformed the London market’s culture, but its unspecified successor should sustain momentum on progression, leadership and inclusion in an AI-driven workplace
HDI highlights four priorities for European data centre resilience
Micro-location risks, resource constraints, construction standards and operational preparedness will shape data centre exposure to natural catastrophes and climate change
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