Reinsurance News

OnRe, the licensed collateralized reinsurer and on-chain asset manager, has announced that it has appointed Ben Fortune as its new Chief Underwriting Officer (CUO).

Munich Re made a “deliberate reduction in premium volume” at the April reinsurance renewals, systematically opting not to renew business that did not meet expectations on price or terms and conditions, but one signal of encouragement is that the company said it sees high levels of competition in the sector as “still mainly on price.”

The legacy and run-off market is evolving to trade much more like the live market, according to speakers at the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, while the opportunity to trade with and support ILS investor exit and liquidity needs is expected to continue, especially in casualty risks.

Willis, a business of insurance and reinsurance broker WTW, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding.

Hannover Re reported a 48% increase in group profit for the first-quarter of 2026, revealing renewals growth of 5.6% for the year so far, while acknowledging that price pressures have the upper hand in property and casualty reinsurance.

The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched a parametric insurance policy in Lao PDR that will provide pre-arranged financing of up to US$1.1 million, to enable timely support to communities impacted by extreme weather and other natural hazards.

Global reinsurance broker Howden Re has announced that Tim Radford has been appointed to the new role of Managing Director, Head of Lloyd’s Capital, which is set to help strengthen the organisation’s leadership across Lloyd’s market capital and investor engagement.

The insurance-linked securities (ILS) and reinsurance investments portfolio managed by specialist pension investor PGGM on behalf of Dutch pension PFZW delivered a 12.4% return in USD for full-year 2025, while the portfolio assets ended the year at a valuation of just over US $8.9 billion.

NormanMax Insurance Holdings, the US headquartered parametric insurer and reinsurer, has appointed industry veteran Nick Burkinshaw as Chairman of the NormanMax Syndicate 3939 Advisory Board, supporting the firm’s pure parametric global syndicate in the Lloyd’s marketplace.

Two of the Lloyd’s syndicates operated by specialist ILS investment manager Nephila Capital are set to provide capacity support to a new property treaty consortium launched by MS Amlin, with data centre risk underwriting said to be a key focus for the new venture.