Across the 1 June and 1 July 2026 reinsurance renewals, insurers achieved double-digit pricing reductions and improved terms and conditions on their property catastrophe reinsurance placements. Global reinsurance demand increased by more than 10%, driven by expanded reinsurer product offerings and stronger appetite from US insurers to purchase additional protection at the top of programs.
Reinsurance renewals in the Middle East remains concentrated on ensuring continuity of cover for clients during the evolving geopolitical tensions between Iran and the US, according to Guy Carpenter, a global risk and reinsurance specialist and a Marsh business.
VIG Re has announced that it has fulfilled all applicable requirements, including the required regulatory approval from the Monetary Authority of Singapore (MAS), to establish its Representative Office in Singapore. This marks a significant milestone in the company's strategic expansion into Asia under its VIGRe28 strategy.
Aon has appointed Mr Mike Reid as EMEA CEO of Facultative Reinsurance, effective 1 July 2026.
The global property reinsurance market remained highly competitive during the mid-year renewal season, supported by abundant capacity and a growing appetite from reinsurers that continued to put pressure on pricing, according to global risk and reinsurance specialist Guy Carpenter.
MAPFRE Re has appointed Mr Chaturbhuj Bansal as Head of its India branch, subject to regulatory approval.
Kuwait Reinsurance Co (Kuwait Re) will remain resilient to the consequences of the Middle East war, says S&P Global Ratings (S&P).
Registration for the 22nd edition of Singapore International Reinsurance Conference (SIRC) are now open. The SIRC will return this November with the theme "Capacity to Capability". It reflects the industry's focus on deepening expertise and building capabilities to navigate an increasingly interconnected and uncertain risk landscape.
Howden Re has appointed Mr David Song as Managing Director, Head of Retrocession, Greater China, effective October once his contractual obligations to his previous employer have been fulfilled; Mr Mike Xin as Managing Director, Head of Agriculture, APAC, effective 13 July; and Mr Zhu Houqin as Managing Director, Head of China Treaty.
The registrations for the 22nd edition of Singapore International Reinsurance Conference (SIRC) are now open. The SIRC will return this November with the theme "Capacity to Capability". It reflects the industry's focus on deepening expertise and building capabilities to navigate an increasingly interconnected and uncertain risk landscape.