Reinsurance News

AM Best has updated its rating outlooks for RenaissanceRe and its subsidiaries, now seeing the reinsurance firm’s prospects as positive, rather than stable, citing improved performance, a more balanced business due to diversification, and of course the firm’s ability to attract third-party capital through joint-ventures and ILS partnerships.

Aon, the global professional services, insurance and reinsurance broking firm, has announced that Anshuman Srivastava has been appointed to the role of Reinsurance global chief broking officer.

Willis, a business of broking group WTW, has launched a unique parametric insurance policy, designed in collaboration with Swiss Re Corporate Solutions, who will act as the insurer, which is introduced when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National Meteorological Service.

Augment Risk, the risk capital and reinsurance solutions broking firm, has teamed with Cohen & Company, an asset management specialist, to launch a casualty insurance-linked securities (ILS) facility.

Over the next year, a vast majority of reinsurance buyers expect attachment points for their excess of loss programs to remain stable. Many also indicated interest in purchasing more aggregate reinsurance in 2026 and additional tail-risk coverage during the year, the latest survey by Moody’s Ratings shows.

Hannover Re has announced a leadership transition within its Insurance-Linked Securities (ILS) and Retrocession team, confirming that long-term ILS head Henning Ludolphs will transition into an advisory role effective today October 1st, with Patrick Horstmann succeeding him as head of the unit to ensure continuity and support future growth.

Fergus Re, the Bermuda based collateralized reinsurer that writes business for investors that have an appetite for returns from quality casualty risk underwriting business, has announced the appointment of Stewart Ritchie as Chief Executive Officer (CEO), succeeding Navin Dadlani, who will assume the role of Chairman of the Board.

Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., has announced a new multi-year transaction that expands the Greenshoots Re Ltd. collateralized reinsurance sidecar vehicle to cover an E&S program jointly launched with specialty insurer Accredited.

CatIQ, Canada’s insured loss and exposure index provider, has raised its insurance industry loss estimate from the ice storm that struck Ontario and Quebec between March 28 and 31 to CAD $490 million, an 18% increase from its third loss estimate of CAD $416 million that was issued in July.

Nascent Group, a Bermuda headquartered insurance management, ILS servicing and reinsurance transformer specialist, has hired Bellal Rahman as a Senior Vice President to strengthen its offerings for the insurance-linked securities (ILS), commercial carrier and life reinsurance space.