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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…
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)…