Aspen’s Underwriting Income Hits $79.1m in Q1’26 as CoR Improves
Aspen Insurance Holdings posted underwriting income of $79.1 million in Q1 2026, nearly tripling year‑over‑year and driving the combined ratio down to 89.1% from 96.1% a year earlier. The improvement stemmed from a sharp decline in catastrophe losses, with the catastrophe loss ratio falling to 3.5% versus 13% in Q1 2025, and an overall loss ratio of 55.8%. Net earned premiums rose modestly to $723.5 million, while gross written premiums slipped. Despite stronger operating results, Aspen recorded a net loss of $55.6 million after tax due to a post‑acquisition accounting reclassification.
T&Cs Hold Firm, Catastrophe Reinsurance Rates Down Closer to 20% at Mid-Year Renewals: KBW
KBW reports that mid‑year catastrophe reinsurance renewals are seeing price cuts nearer 20% than the previously expected 15%, especially for Florida‑focused business. While rates are softening, the stricter terms and conditions introduced in the 2023 hardening cycle remain largely intact....
Federal Insurance Backstop to Boost Canada’s Resilience to Earthquake Risk: Morningstar DBRS
Morningstar DBRS, together with PACICC and the Insurance Bureau of Canada, examined a federal earthquake insurance backstop modeled on the U.S. TRIA program. Canada faces high seismic risk, especially in British Columbia, Québec and Ontario, where a single quake could...
The Fidelis Partnership Introduces ‘Analyst’ Role to Develop Underwriters of the Future: O’Hare & Davern
The Fidelis Partnership has rebranded its entry‑level underwriting support role from "Underwriting Assistant" to "Analyst" to align with its AI‑driven strategy. The new title signals a shift from manual data entry toward analytical, technology‑focused responsibilities. By automating pricing, underwriting logic...
Strait of Hormuz Disruption Adds Pressure to Marine and Specialty Markets, Says Howden Re
Howden Re warns that ongoing disruption in the Strait of Hormuz is tightening underwriting conditions across marine hull war, cargo war, offshore energy and political violence lines, even as overall global reinsurance capacity remains solid. Vessel traffic has slumped and...
APAC’s Construction Insurance Market Supported by Abundant Capacity and Insurer Ambition
Aon’s 2026 Global Construction Insurance and Surety Market Report shows the APAC construction insurance market remains growth‑oriented, with abundant capacity and competitive pricing in China and India, while Japan faces pricing pressure from regulatory changes and heightened natural‑catastrophe exposure. Demand...
Gallagher Introduces Parametric Flood Cover for Golf Courses in Partnership with FloodFlash
Insurance broker Gallagher has launched a parametric flood insurance product for golf courses, developed with sensor‑technology specialist FloodFlash. The solution offers up to $10 million per course, letting owners set water‑depth triggers that automatically trigger payouts. FloodFlash installs millimetre‑precision sensors, enabling...
AI Risk Becoming a Governance, Liability and Insurability Challenge: Willis
Willis Towers Watson warns that rapid AI adoption is outpacing existing governance frameworks, turning AI into a liability and insurability challenge for insurers. AI now powers claims processing, underwriting judgments, and cyber‑threat filtering, reshaping risk assessment in real time. The...
Kemper Names Stephen McAnena as President & CEO
U.S. insurer Kemper Corporation announced Stephen J. McAnena will assume the roles of President, Chief Executive Officer, and board member effective June 1, 2026. McAnena arrives with more than three decades of experience in property‑casualty, life and annuity lines, most...
Property Cat Pricing Trending Down Mid-Teens at Mid-Year Renewals: BMO Capital Markets
BMO Capital Markets reports that property catastrophe reinsurance pricing for mid‑year 2026 renewals is falling in the mid‑teens, aligning with market expectations. Despite lower premiums, reinsurers have kept attachment points high, preserving risk‑adjusted return on equity (RoE) in the high‑teens....
Christian Hoffman Named Aon’s Global CEO of Commercial Risk
Aon announced that Christian Hoffman will become global CEO of its Commercial Risk division effective June 1. Hoffman brings 25 years of brokerage and underwriting experience, most recently leading Aon’s Global Specialty & Financial Products and North American M&A. Reporting to...
Mark Trumper Succeeds Jonathan Jackson as Previsico CEO
Previsico, the live flood‑forecasting insurtech, has appointed Mark Trumper as its new chief executive officer, succeeding Jonathan Jackson after more than seven years at the helm. Trumper joins from Axco Insurance Information, where he served as managing director for five...
Resilience Launches New Cyber Risk Management Platform Purpose-Built for Multi-Entity Organisation
Cyber‑risk firm Resilience unveiled Arc, a platform designed for multi‑entity organizations such as corporate groups and private‑equity firms. Arc continuously monitors and quantifies cyber exposure, translating telemetry into financial risk scores that feed directly into insurance decisioning. The solution claims...
Maistry to Succeed Cossette as Chief Executive for L&H, APAC MEA
Munich Re announced Gavin Maistry as the new Chief Executive for Life and Health in the Asia Pacific, Middle East and Africa (APAC MEA) region, succeeding Daniel Cossette who will retire in late 2026 after a 19‑year tenure. Maistry, currently Global...
MNRB’s Labuan Re Acquisition to Strengthen Reinsurance Focus and Boost International Growth
MNRB Holdings Berhad has signed a conditional agreement to purchase the remaining 80% of Labuan Reinsurance Ltd for roughly $100.7 million in cash, making Labuan Re a wholly‑owned subsidiary. The offshore reinsurer reported FY2024 profit after tax of about $26.7 million and...