Reinsurance News

Reinsurance broker Gallagher Re has unveiled a new specialised Captive Risk Transfer team within its Global Facultative practice, which is set to be led by Martin Hughes from Artex Risk Solutions as Executive Vice President, Captives, effective January 1, 2026.

AIG has announced another special purpose vehicle launch in the Lloyd’s of London marketplace, as the insurer has partnered again with Blackstone on another sidecar-style syndicate, while this time distribution giant Amwins and artificial intelligence supplied by Palantir are also in the mix.

Global reinsurance firm SCOR has renewed its main contingent capital facility for the fifth time, continuing the balance-sheet coverage that protects the company against extreme natural catastrophe or mortality events, as well as against a significant decline in its share price.

With the announcement today that insurance and reinsurance specialist Vantage Group is set to be acquired by Howard Hughes Holdings, the firm’s third-party collateralized reinsurance capital business AdVantage received a positive mention from the acquirer’s executives during an analyst call.

Vantage Group Holdings Ltd., the specialty insurance and reinsurance group with a collateralized underwriting arm under the AdVantage strategy, has announced it is to be acquired by the Bill Ackman linked Howard Hughes Holdings, while his hedge fund Pershing Square will manage Vantage’s investment assets going forwards.

Willis Re, the recently launched reinsurance broker formed by WTW in a joint venture established with specialist private investment firm Bain Capital, has added another recognised specialist in broking property retrocession, with Richard Keegan joining the company in Bermuda.

As the reinsurance and insurance-linked securities (ILS) sector begins to head into the key January renewals period, equity analysts at investment bank Jefferies have said that competitive dynamics within both the catastrophe bond and retrocession markets are likely to reinforce downward pressure at 1/1.

Moody’s Ratings forecasts that property catastrophe reinsurance pricing will likely fall around 15% over the coming year, as elevated capital levels result in a supply-demand dynamic that favors buyers of protection.

For the sixth year running, 2025 will see over $100 billion of natural catastrophe losses covered by sources of insurance and reinsurance capital, according to Swiss Re’s Institute, with the research part of the reinsurer projecting a total of around US $107 billion for the year.

Following a field trip to Bermuda, analysts at TD Cowen have concluded from their discussions on the island that higher-layer property catastrophe reinsurance rates could be down 20% or more at the January 2026 renewals, while attachment points are largely holding, but the renewal is seen as running late.