Category: Insurance

A new report from Morningstar DBRS has suggested that, given Florida’s significant hurricane exposure, continued access to “affordable and readily available” reinsurance will remain critical to the market’s long-term stability and financial strength. “Florida’s residential property insurance market has undergone a significant transformation after the severe disruption it experienced between 2020 and 2023,” the rating…

Marsh, a global insurance broking and risk management firm, and the World Economic Forum, an international organisation focused on public-private cooperation, are calling for greater investment in place-based resilience to support insurance and reinsurance availability and affordability as climate-related losses increase. According to Marsh and the World Economic Forum, insurance and reinsurance markets are increasingly…

Insurance and reinsurance broker Aon has announced the appointment of Dr. Fabian Bohnert as EMEA Managing Director of Life Solutions, Strategy and Technology Group, effective immediately. Based in Stuttgart, Bohnert will lead Life Solutions, including the firm’s PathWise platform, across Germany and the DACH region, overseeing advisory, capital and technology strategy to help clients address…

Fiona Marry, European CEO of specialty insurer Bridgehaven, said hybrid fronting has the potential to grow the insurance market by bringing new or underpenetrated risks into the market, making specialist underwriting expertise accessible to institutional capital, and making regulated capacity accessible to MGAs. Bridgehaven is a specialty insurer which operates a hybrid fronting model across…

The Fidelis Partnership (TFP), a specialty insurance and reinsurance group, has announced leadership appointments at Pine Walk, its specialist MGA platform, with Peter Williams joining as Chief Underwriting Officer and Gary McInally as CEO of Pine Walk Capital Limited and Managing Director of Pine Walk. In his new role, Williams will have responsibility for underwriting…

Florida Insurance Commissioner Mike Yaworsky has approved significant rate decreases for homeowners insurance, benefiting over 62,000 policyholders across the state upon renewal. The move underscores a growing trend of rate relief and market stabilisation following comprehensive legislative reforms aimed at strengthening the state’s property and casualty sector. The Florida Office of Insurance Regulation (OIR) is…

Canada Life, a large financial services and insurance company, has announced the appointment of Mark Fenlon as Operations Director for Bulk Purchase Annuities (BPA), effective immediately. Mark joins Canada Life’s BPA Senior Leadership Team, reporting to Dominic Moret, Managing Director, BPA, who commented: “Mark’s appointment reflects the next stage of growth in our operational capabilities…

The Reinsurance Association of America (RAA), a US trade association representing companies operating in the reinsurance sector, has announced changes to its board leadership, with John Bender appointed Chairman and Christopher Donelan named Vice Chairman. Bender, who is Chairman of Reinsurance and Risk Management at Allied World Assurance Company, takes over as chair of the…

Vienna Insurance Group (VIG), an Austria-based insurance group operating across Central and Eastern Europe (CEE), has acquired a 25% stake in Dolphin Technologies, a Vienna-based technology company. The completion of this transaction is still subject to the necessary approval by the Federal Competition Authority. Through this investment, VIG reinforces a collaboration established in 2022 aimed…