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Service-level agreement exposure among most significant risks facing data centres: Parametrix

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,…

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Legacy and retrospective reinsurance become a strategic capital tool for cedants: Howden Re

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…

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More options for cedants as reinsurers broaden coverage: Gallagher Re’s Schwebach

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…

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McCarthy to lead Markel International’s newly structured Marine, Energy and Construction division

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…

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Gallagher Re supports OAK Global’s debut cat bond, issued through new platform Arthur Re

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…

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Ahmad named Treaty & Structured Solutions Leader at Lockton MENA Reinsurance Brokers

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)…

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Resolution Life strengthens Asian presence with three new reinsurance agreements

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…

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GIFT IFSC continues rapid growth as registrations and re/insurance activity rise

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…

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