Reinsurance News

At the January renewals, property catastrophe reinsurance and retrocession markets both saw rate declines in the mid-teens. Most still agree that rate adequacy remains, while attachments stay at their current higher levels, but KBW’s analysts highlight how this may only drive compounding price competition over-time.

Global reinsurance company TransRe has announced the promotion of Mike Torre and expansion of his responsibilities to the position of Global Property Portfolio and Third-Party Capital Leader, reporting to Lisa Moser, President of Global Portfolio Management.

Lockton Re, the reinsurance arm of the independent broking group, has announced the promotion of Robert Bisset to the role of CEO, North America, while Nick Durant is set to be made Global Vice Chairman.

Broker Guy Carpenter has announced the launch of a global Sidecar Center of Excellence (COE), which will be led by Ed Hochberg, Global Risk Solutions Leader.

Stonybrook Capital, a specialist investment banking, broking and strategic advisory firm focused exclusively on the insurance and reinsurance industry, has named Dan Butzbaugh as its new Global Practice Leader, Parametric, adding to a raft of recent hiring across the business.

American Coastal Insurance Company (AmCoastal) has successfully renewed two excess-of-loss catastrophe reinsurance arrangements at the January 2026 renewals, growing its all other perils cover slightly and also refreshing its catastrophe aggregate coverage at the same size as last year.

Severe convective storms and hail across Queensland and New South Wales, Australia in late November is initially estimated to have resulted in an insurance industry loss of AU $2.663 billion (around US $1.78bn) by catastrophe data aggregator PERILS AG.

Despite an ease on pricing, reinsurance programme structures are expected to remain largely unchanged, with reinsurers holding firm on elevated attachment points following the post-2023 reset, leaving primary P&C insurers to continue retaining a greater share of secondary-peril losses and associated earnings volatility, according to Moody’s Ratings.

Ark Insurance Holdings Limited, a property and casualty insurance and reinsurance subsidiary of the White Mountains Insurance Group, Ltd., has renewed its collateralized reinsurance sidecar Outrigger Re Ltd. for the 2026 calendar year at a meaningfully smaller $70 million in size.

Global reinsurance broker Gallagher Re has announced that it has appointed Scott Cobon from Artex Risk Solutions as Head of Strategic Solutions in Bermuda, where he will work closely with Gallagher Securities, the firm’s insurance-linked securities (ILS) and capital markets broker-dealer division.