News
Aon: Record capital set to drive more flexible reinsurance market in 2027
Record levels of reinsurance capital are set to give buyers greater room to reshape programmes at the coming 1 January renewals, with Aon expecting further pricing relief alongside increased use of alternative capital and facultative solutions
Howden Re appoints Duarte to lead Portugal expansion
Appointment establishes the broker’s first physical presence in Portugal as it targets further investment and team growth in the market
Verisk lifts global yearly insured cat loss benchmark to $171bn
Modelled average annual losses rise $19bn in a year, according to cat modeller Verisk, with the US accounting for 68% of global insured cat risk
When the safe harbour gets choppy: Xceedance on HNW risk, Dubai, and the evolving art of personal lines broking
Rising geopolitical risk is testing Dubai’s safe-haven status and increasing demand for sophisticated, cross-border insurance solutions for high-net-worth clients, writes Nakul Vadher, associate vice president, client partner at Xceedance
AM Best: Cat bond issuance hits record $17.3bn as ILS capacity fuels softening
Abundant capital and record cat bond issuance are contributing to softer reinsurance pricing, with ILS capacity expected to continue growing through 2026, according to ratings agency report
Munich Re Specialty launches Lloyd’s construction rescue cover
New product targets tunnelling and underground infrastructure projects, funding rescue and crisis response costs following catastrophic incidents
MS Amlin expands cyber portfolio with Jomaa and Tigleanu hires
Senior appointments will support the Lloyd’s insurer’s expansion in direct cyber as it targets a larger position in the class
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
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.
DWIC Connect 2026: Türkiye targets $50bn premium by 2030
The Turkish insurance market has the capital, distribution infrastructure and growth potential to withstand geopolitical and economic pressures as it targets $50bn of premiums by 2030, speakers told DWIC Connect Istanbul
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
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