Swiss Re flags accumulation risk in data centres as key underwriting challenge
A recent report from the Swiss Re Institute shows that the data center industry is evolving into increasingly complex, high-energy-density facilities that concentrate risk within a single site, with underwriting success dependent not only on capacity but also on professional technical assessment and rigorous accumulation management. Swiss Re highlighted that the data centers that power…
XS Global appoints Daniel Abramson as Head of Construction Underwriting, APAC
XS Global, the independently owned managed general underwriting (MGU) platform, has announced the appointment of Daniel Abramson as head of Asia Pacific construction underwriting based in Hong Kong. Abramson has more than 25 years of insurance industry experience, including construction and energy underwriting. Prior to joining XS Global, he served as Head of Construction at…
SEADRIF and AHA Centre sign agreement to advance disaster risk financing in Southeast Asia
The Southeast Asian Disaster Risk Insurance Fund (SEADRIF) Insurance Company, a regional initiative supporting disaster risk financing solutions, and the ASEAN Coordinating Center for Humanitarian Assistance in Disaster Management (AHA Centre), the regional body for disaster response coordination, recently signed a Memorandum of Intent (MoI) in Bali, Indonesia. The agreement establishes a collaborative framework to…
Reassured hits two million life and critical illness policies sold
UK registered life insurance broker Reassured has reached the milestone of offering over 2 million life insurance and critical illness policies to customers since 2009. In December 2025, the broker confirmed that the number of households protected through term insurance had increased by 16% so far this year. This comes against a backdrop of overall…
Continued Middle East conflict drives ‘new equilibrium’ in terrorism and political violence reinsurance: WTW
WTW said a protracted Middle East conflict is emerging as the most likely near-term scenario to impact terrorism and political violence reinsurance renewals, and the market has entered a new equilibrium. Fergus Critchley, global head of terrorism and political violence at WTW, speaking ahead of renewals on April 1, said the market appeared to have…
Infosys set to acquire insurance technology provider, Stratus
Infosys, a provider of digital services, business consulting and outsourcing services, is to acquire Stratus, a technology solutions provider for the property and casualty (P&C) insurance industry. The acquisition, which is expected to be completed by the first quarter of fiscal 2027, subject to satisfaction of closing conditions, is aimed at strengthening Infosys’ position in…
AM Best affirms Sompo’s ratings following Aspen acquisition
Credit rating agency AM Best has removed the positive under review status and affirmed Sompo Japan Insurance Inc. and its subsidiaries’ A+ (senior) financial strength rating and “aa-” (senior) long-term issuer credit rating. The outlook on the financial strength rating is stable, while the outlook on the long-term issuer credit rating is positive, AM Best…
TMK adds Francesca Kevill as Underwriter to its Cyber & Enterprise Risk team
Specialty insurer Tokio Marine Kiln (TMK) has appointed Francesca Kevill as underwriter in its cyber and enterprise risk teams, effective immediately. In her new role, Kevill will report to Ellie Webb, head of commissioned networks and intellectual property. Her appointment builds on a period of significant investment in TMK’s cyber capabilities. The company recently launched…
Total losses from March Kona Storms in Hawaii said to be at least $1bn: Aon
Global insurance and reinsurance brokerage group Aon’s weekly catastrophe report cited Hawaii government officials as saying that the back-to-back Kona storms that brought extreme rainfall and subsequent flooding to much of Hawaii from March 10 to 24 will result in total economic and insured losses of at least $1 billion. Aon’s report explains that the…
Swiss Re appoints Teodora Aldenhoff as Chief Pricing Actuary L&H Continental Europe
Global reinsurer Swiss Re has appointed Teodora Aldenhoff as chief pricing actuary for Life & Health (L&H) Continental Europe. In her new role, Oldenhoff will join Swiss Re’s leadership team and report directly to Augusto Diaz-Leante, Head of Life & Health Continental and Managing Director of Swiss Re. She has worked for Swiss Re for…
