Augment Risk strengthens MGA team with appointment of Lee Bonnett
Specialist reinsurance and capital solutions broker Augment Risk has appointed Lee Bonnett to its MGA division, effective immediately. Based in the firm’s London office, Bonnett will report to MGA partner Mark Aylward and will play a key role in supporting the continued expansion of Augment Risk’s MGA client portfolio. Augment Risk said Bonnett joins the…
Mandarin Re promotes Andrés Obando to Head of Underwriting
Malaysian reinsurer Mandarin Re has promoted Andrés Obando to head of underwriting. Obando joined the reinsurer as an underwriter in 2023 and has since held increasingly senior positions, including as senior underwriter and head of underwriting for the Americas and Africa divisions. Prior to this, he served as commercial manager of reinsurance at Sinos Assurance…
AIG expands Gavin Spencer’s role to Head of Specialty, North America
Global insurer and reinsurer American International Group (AIG) has appointed Gavin Spencer as head of North America Specialty, in addition to his role as head of North America marine starting in 2024. Spencer has nearly two decades of industry experience in the U.S. and international markets. Spencer joined WE Cox Claims Group in 2006. At…
Stand expands Florida presence with launch of voluntary hurricane insurance product
Stand, a property insurance and risk mitigation company that uses advanced models to assess catastrophe risk at the individual household level, has launched the first voluntary hurricane insurance product in Florida. The launch marks the expansion of the company’s activities in the state and reflects its strategy of linking insurance pricing to property-level resilience improvements….
W. R. Berkley appoints Kirk A. Parker as President, Berkley North Pacific
Commercial property and casualty insurance and reinsurer WR Berkley Corporation has appointed Kirk A. Parker president of Berkley North, effective immediately. Parker has nearly three decades of leadership experience in the property and casualty insurance industry. He also has expertise in optimizing operations and accelerating profitable growth in distribution networks. Most recently served as senior…
Lincoln Financial promotes three to Senior Management Committee
Lincoln Financial, a US financial services company specializing in insurance, retirement and wealth management products, has announced the promotion of three senior executives to its Senior Management Committee (SMC). The company appointed Darrel Tedrow as executive vice president, president of life insurance and retail shared services; Curtis Chesney as executive vice president and president of…
Canadian commercial insurance rate increases slow: Applied Systems
Canadian commercial insurance premium rates continued to rise in the first quarter of 2026, but declined from the average premium renewal rate of 3.85% in the same period last year to 1.67%, according to Applied Systems’ Applied Commercial Index™ data. Premium renewal rate growth slowed across nearly all major commercial lines compared with the previous…
Aon Reinsurance Middle East announces key leadership appointments
Global insurance and reinsurance brokerage and risk advisor Aon has announced two key leadership appointments within Aon Reinsurance Middle East Limited. Hassan Elamin has been appointed interim managing director, Middle East, Africa and Türkiye. In this role, Elamin will oversee the adjunct business in the Middle East, Africa and Turkey, focusing on delivering tailored adjunct…
Conning report says investment strategy may become a key differentiator for P&C insurers
Conning, an investment management firm specializing in insurance and institutional investors, has released a new perspective examining how property and casualty (P&C) insurers can adjust their portfolios as underwriting conditions become more competitive and the benefits of rising interest rates begin to wane. In the next differentiator: investment strategies in the evolving property and casualty…
Triple-I reports significant increase in US lightning-related insurance losses during 2025
The Insurance Information Institute (Triple-I), a U.S. insurance industry research and education organization, reports that lightning-related homeowners insurance losses will increase significantly across the United States in 2025 due to increased claims volume and rising repair and reconstruction costs. Insurers will pay an estimated $1.65 billion in lightning-related homeowners insurance claims during 2025, up from…
