Aon Expects Market Dynamics to Accelerate Legacy Activity at Lloyd’s
Aon’s April 2026 Lloyd’s Legacy Report predicts a surge in legacy transactions as disciplined capital allocation and a softer reinsurance cycle reshape the market. Since 2010, specialist firms have assumed nearly $15 bn of reserves through Reinsurance‑to‑Close (RITC) syndicates, highlighting growing capacity. The average Lloyd’s legacy deal sits just under $300 million, with 25% under $100 million and 20% above $400 million; the largest was a £1.2 bn ($1.5 bn) deal in 2023. Aon sees untapped potential, noting over 75% of syndicates have yet to complete a legacy deal.
Record Buyout Conversions Fail to Reduce Growing Insurer Backlog: Barnett Waddingham
Barnett Waddingham’s 2026 survey of the 11 bulk‑annuity insurers shows that while buyout activity hit a record 160 defined‑benefit schemes in 2025 – a 30% rise on 2024 – the overall backlog is swelling. The firm projects roughly 300 buyouts...
New Mountain CEO Outlines Long-Term Vision to Build Diversified, Multi-Line Reinsurance Platform
New Mountain has launched VictoryRe, a new reinsurance carrier, and its first collateralised vehicle, NovaRe, to provide capacity to specialty MGA Novacore. The initiative marks the firm’s entry into the reinsurance market and aims to build an integrated platform combining...
Millions of California Homeowners Face Flood Risk as only 1.4% of Properties Insured: Neptune Flood
A Neptune Flood report finds that 2.3 million California homes will be exposed to flood risk over the next 30 years, yet only 1.4% currently carry residential flood insurance. Modern flood modelling identifies more than twice as many at‑risk properties as...
Vienna Insurance Group Confirms Board Changes Across Key Subsidiaries
Vienna Insurance Group (VIG) approved a comprehensive reshuffle of its senior leadership, effective 1 July 2026. The Group’s Managing Board will expand from seven to eight members, adding Judit Havasi and Sonja Raus while promoting Gerhard Lahner to Second Deputy CEO, and...
Xceedance Hires Swapna Allapur as CPO to Drive People Strategy for AI-Enabled Insurance
Xceedance, a global insurer‑tech solutions provider, has appointed Swapna Allapur as Chief People Officer. Allapur will steer a worldwide people strategy that readies the workforce for large‑scale AI transformation, emphasizing upskilling, governance and change management. Her mandate includes building capability,...
Kin Adds Okta’s CFO Brett Tighe to Board of Directors
Kin, a direct‑to‑consumer digital home, auto insurance and home‑finance provider, announced the appointment of Brett Tighe, CFO of identity‑cloud leader Okta, to its board of directors. Tighe, who steered Okta from early stages through its IPO to a multibillion‑dollar public...
M&A Activity and Reinsurers’ Pressure Could Quickly Cool Aviation Rate Reductions: WTW
WTW’s Q1 2026 General Aviation Insurance Market Outlook warns that rising M&A activity and heightened reinsurer pressure could quickly erode the abundant capacity that has kept rates low. While the sector started the year with stable underwriting and competitive premiums, a...
Starr Names Vichai Laotrakul as CEO of Thailand
Starr, a regional insurance and investment firm, announced Vichai Laotrakul as CEO of its Thailand operations. Laotrakul brings more than two decades of underwriting experience and most recently served as Chief Distribution Officer at Allianz Ayudhya. He previously held senior...
Marsh CFO McGivney to Add COO Duties in Expanded Role
Marsh announced that Chief Financial Officer Mark McGivney will also assume the duties of Chief Operating Officer, adding the title of Executive Vice President. McGivney, who has been with the firm since 2007 and served as CFO since 2016, will...
PwC Highlights Growing Role of Asset-Intensive Reinsurance in Cayman Market
PwC highlighted the rapid expansion of asset‑intensive reinsurance (AIR) in the Cayman Islands, where licensed reinsurers nearly doubled from 58 to 113 between 2020 and 2025. Total premiums written rose from $9.3 billion to $30.2 billion, while reinsurance assets jumped 341% to...
Brace Promotes Wheeler and Davis as Regional Heads of Underwriting for US and London
Brace Underwriting Limited, backed by Octave Specialty Group, promoted Richard Wheeler to Head of Underwriting for the United States and Michael Davis to Head of Brace London Underwriting. Both previously served as senior underwriters, and their new roles complete a...
Global Life Reinsurance Capital Increased a Further 10% in 2025: Guy Carpenter
Guy Carpenter projects global dedicated life reinsurance capital to rise another 10% in 2025, topping $160 billion. Third‑party investors—private‑equity‑backed reinsurers and asset‑manager‑owned sidecars—now provide roughly one‑third of capacity, up from $24 billion in 2022 to $57 billion. Regional growth is broad‑based, with Asia...
PERILS Raises Industry Loss Estimate for Victoria Bushfires to AU$810m
PERILS, the Zurich‑based catastrophe data firm, lifted its second industry loss estimate for the January 2026 Victoria bushfires to AU$810 million (approximately $534 million USD). The fires razed 900 structures—including 330 homes—destroyed more than 20,000 livestock and caused one death. This figure...
Pool Re Launches New SME Incentive Scheme to Increase Terrorism Cover Uptake
Pool Re, the UK’s leading terrorism reinsurer, introduced an incentive scheme effective 1 April that offers members discounts on reinsurance fees when they embed terrorism cover as a standard, non‑removable element in SME commercial‑property policies. The move follows recent treaty reforms...
