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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…
Pinnacle Actuarial Resources, Inc. announced the acquisition of Bermuda-based Fourth Holdings Limited and renewal of rights for clients of Canadian company Grape Bay Actuarial Consulting Inc. (Grape Bay), effective June 30, 2026. Ordinance provides actuarial consulting services to insurance, reinsurance, captive insurance and separate account companies through its office in Hamilton, Bermuda. Grape Bay provides…
Reinsurer and Berkshire Hathaway unit Gen Re has promoted Amanda Granville to chief underwriter of national and multinational treaties and Marc Nerenberg to chief underwriter of regional and specialty lines. Granville began her career as an actuary in 2010, deepening her expertise within Munich Re’s specialty markets and global client casualty treaty teams. She joined…
Global reinsurer Munich Re has appointed Marco Petrovic as head of networks for Asia (excluding Greater China) and Johanna Roman as head of networks for Australia, Greater China and Africa. In his new role, Petrovic will relocate back to Asia in August to advance Munich Re’s network ambitions in this strategically important, high-potential region. He…
Tokio Marine GX (TMGX), the specialist green transition underwriting arm of Tokio Marine Group, has warned that the insurance market will need to continue to adapt to support the growing number of co-located hybrid renewable energy projects being developed around the world. In a new report, Colocation, colocation, colocation: Securing a flexible and clean energy…