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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…
Global reinsurance brokerage Gallagher Re has announced the appointment of Gianluca Panzanaro as Executive Director of its Italian operations, where he will play a key role in developing new relationships to strengthen the Italian team. In his new role, Panzanaro will focus on delivering tailor-made solutions as an exceptional service to the company’s existing Italian…
Aon plc, a global professional services firm specializing in risk, health and wealth solutions, has released its 2026 Global M&A and Transaction Solutions Claims Study, highlighting growing claims values, increasing notification activity and record recovery levels across the M&A insurance market. The report leverages Aon’s proprietary claims data to analyze nearly 2,000 claims and more…
Global reinsurer Munich Re has appointed Bob Algie as property, construction and engineering manager for Munich Re Australia’s Global Markets Specialty division, effective in the second half of 2026. In his new role, Algie will lead the establishment of the real estate, construction and engineering underwriting teams. He has over twenty years of experience in…