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Global reinsurance brokerage and advisory firm Gallagher Re has announced three new appointments within its FAC team. Christine Drivas has been appointed FAC Division Director. She has over 20 years of expertise in the insurance and reinsurance markets. Drivas joins Gallagher Re from Miller Insurance Services LLP, where she spent 11 years as a reinsurance…
Hudson Insurance Group has appointed industry veteran Beth Diamond as senior vice president and chief claims officer, based in New York. Diamond has over twenty years of professional claims experience, most recently as Group Chief Claims and Litigation Officer at Beazley. During her two-decade career at the specialist reinsurer, she managed award-winning top teams across…
Arch Insurance North America (Arch Insurance), a subsidiary of Arch Capital Group and a provider of specialty insurance products and services, announced several leadership appointments to strengthen its wholesale business and support continued expansion in the excess and surplus (E&S) market. The company has created a new position as president of its wholesale property and…
Technology-based insurance company Slide Insurance Holdings, Inc. has completed its 2026-2027 catastrophe excess loss reinsurance tower, securing a record total reinsurance of $5.463 billion. This is a 65% increase from last year’s $3.304 billion. As part of this expansion, the airline significantly increased coverage for the first event to $3.981 billion, an increase of $1.424…
Recent research from MS Amlin shows that insurers may be significantly underestimating earthquake risk (by up to 60% in extreme cases) because models fail to capture the effects of little-known “supershear” earthquakes. According to the study, two-thirds of insured losses from seismic events over the past decade were caused by destructive supershear ruptures, causing losses…
The Fidelis Partnership (TFP) has formed a PVT consortium, formed by Guy Carpenter, bringing together a leading Lloyd’s consortium to deploy new capabilities into the War, Terror and Political Violence (WTPV) market. According to TFP, the consortium will bring together the capacity of leading Lloyd’s syndicates including Argenta, as well as TFP’s own syndicates 3123…
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…