Category: Insurance

Lloyd’s of London underwriter Parametrix highlights service level agreement (SLA) risk as one of the most significant operational risks faced by data centers in a new white paper, noting that uptime, availability, latency, power, cooling and network performance commitments can translate into significant financial risk. According to reports, Introduction to Data Center SLAs: Key Terms,…

Alex Roth, head of international capital and operating solutions at Howden Re, highlighted in recent comments that the use of legacy and retroactive reinsurance has evolved from operational relief to an optimization tool for cedants’ capital and financial objectives. Over the past few decades, traditional and retrospective reinsurance markets have operated within relatively narrow use…

Global re/insurance broker and risk advisor Aon has announced the appointment of José María Navas as chief claims officer for Europe, the Middle East and Africa. In his new role, Navas will lead the firm’s claims organization in Europe, the Middle East and Africa, overseeing strategy, advocacy and claims readiness capabilities to help clients navigate…

As traditional reinsurers expand coverage and show a greater willingness to support lower tiers, primary underwriters will benefit from more options and less pressure to leverage captives for first-tier risk, said Adam Schwebach, head of North America property at Gallagher Re. In an interview with Reinsurance News, Schweinbach commented on how the downward expansion of…

Markel Insurance, the insurance arm of Markel Group, has announced the appointment of Dan McCarthy as managing director of the newly formed marine, energy and construction division of its London market business. As decision leader, McCarthy will be responsible for developing underwriting strategy, driving disciplined portfolio performance and strengthening broker and client relationships in a…

Global reinsurance brokerage and advisory firm Gallagher Re has backed OAK Global in its first entry into the insurance-linked securities (ILS) market through its Bermuda-based platform Arthur Re Ltd., which aims to simplify the issuance of indexed catastrophe bonds by reducing costs and time to market. OAK Global, a global risk partner underwritten through two…

Lockton Re, the reinsurance arm of independent insurance brokerage Lockton, has announced the appointment of Zeeshan Ahmad as head of treaty and structured solutions at Lockton MENA Reinsurance Brokers. Ahmad has over 15 years of reinsurance experience, with expertise spanning treaty underwriting, structured solutions and portfolio optimization in the Middle East and North Africa (MENA)…

The California Earthquake Agency (CEA) increased its total risk transfer limits from $7.912 billion at the end of 2025 to $8.214 billion as of April 30, 2026, solely due to an increase in traditional reinsurance limits from $5.037 billion to approximately $5.34 billion in the first four months of 2026. CEA’s total risk transfer plan…

Resolution Life, an international life insurance group specializing in reinsurance and life insurance portfolio management and acquisitions, has completed three new transactions in Asia. The agreements, covering life insurance businesses in Hong Kong and Japan, reflect Resolution Life’s continued involvement in supporting insurers in the region and continued expansion in key Asian markets. The company…

The latest quarterly bulletin of the International Financial Services Centers Authority (IFSCA) highlights the continued expansion of the International Financial Services Center (GIFT IFSC) in the Indian state of Gujarat, describing it as a transformative element of the country’s financial sector strategy and its integration with global markets. The announcement stated that the establishment of…