News/Reinsurance
Flood Re launches UK-wide tour to boost exposure and take-up
Flood Re has launched a UK-wide educational tour to improve take up and improve communication with households as 8 million properties are predicted to be at-risk of flooding by 2050.
Storm Goretti losses estimated at £417m
Perils has updated its industry loss estimate for Storm Goretti, also known as Elli, increasing its initial prediction from €467m (£407m) to €479m.
AI recruitment bot launching to address insurance hiring woes
George Shirley, a former account executive at Howden, is launching an artificial intelligence-native recruiter to address issues within the (re)insurance market.
Stanford replaces Thaker as Sompo UK CEO
Aspen UK CEO Sarah Stanford will lead all of Sompo UK’s property and casualty insurance operations, replacing outgoing CEO Bob Thaker.
M&A brings down reinsurance costs for UK insurers
The 1 January reinsurance renewals saw widespread price reductions as supply exceeded demand, including in the UK where recent M&A activity meant less reinsurance was purchased.
Guidewire eyes retail broking and reinsurance for ‘next chapter’
Guidewire is experimenting with building solutions to connect its customer base of primary insurers with reinsurers and retail brokers, the company’s group vice president Charles Clarke has told Post.
Gallagher Re CEO insists buyers have ‘huge amount of choice’
Gallagher Re CEO Tom Wakefield has said the turning market means that numerous facets of reinsurance programmes will be up for discussion ahead of the Rendez-Vous de Septembre in Monte Carlo.
Reinsurance outlook ranges from ‘stable’ to ‘deteriorating’
Rating agencies have shared their outlook for the global reinsurance sector, with both Fitch Ratings and Moody’s Ratings revising down their outlooks for 2026, while S&P Global Ratings has maintained its ‘stable’ outlook.
Sompo strikes £2.6bn deal to acquire Aspen
Sompo has agreed to acquire Aspen in a deal worth approximately $3.5bn (£2.6bn), with the transaction expected to close in the first half of 2026, subject to regulatory approvals.
Pool Re pushes ahead with discount scheme for SME terrorism cover
Pool Re is seeking regulatory and government approval for a scheme to offer significantly discounted reinsurance rates for SME terrorism cover by April 2026, Post can reveal.
British Insurance Awards 2025 winners revealed
Aviva was crowned General Insurer of the Year and Airmic CEO Julia Graham, pictured, took home the Achievement Award at the 2025 British Insurance Awards last night (9 July).
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
Could M&A, motor and regulation drive the UK legacy market to new heights?
Legacy insurers and reinsurers are confident they step up the frequency with which they transact with insurers in the ‘live’ general insurance market in the years to come.
Insurance industry’s most powerful players revealed
Making multi-billion-pound takeover bids for rivals and challenging political posturing is what it took to secure the top spots on Insurance Post’s 2025 Power List.
Optalitix reveals how tech underpinned Pool Re’s evolution
Pool Re’s recent switch to a treaty model for its terrorism property reinsurance scheme would not have been possible without a new platform built by Optalitix, the tech vendor’s head of insurance platforms has told Post.
ABI Fire Safety Reinsurance Facility’s impact revealed
One year on from the launch of its Fire Safety Reinsurance Facility, the Association of British Insurers has provided an update on its impact.
Pool Re reduces taxpayers’ exposure to UK terrorism risk
Pool Re has completed the placement of a new retrocession programme, shifting more of the financial risk arising from acts of terrorism away from taxpayers and back to the private market.
Settlement reached in Covid event cancellation dispute
A $90m (£71.2m) reinsurance dispute involving several Lloyd’s syndicates over losses incurred by Covid-enforced event cancellations in the US and UK during 2020 and 2021 has been settled.
Aspen to go public in New York again
(Re)insurer Aspen has revealed plans to list shares on the New York Stock Exchange.
Price of motor and flood reinsurance falls for UK insurers
Ample reinsurance capacity meant UK insurers buying reinsurance cover during the busy 1 January renewal period enjoyed price reductions in some cases, according to a Gallagher Re report.
Ukraine war risks market set to expand after reinsurance deal
Ukrainian insurers are looking to expand war risks cover for businesses following the announcement of a new €110m (£91m) reinsurance facility last week, put together by Aon and the European Bank for Reconstruction and Development.