Category: News

Specialty insurer and reinsurer IQUW Bermuda has announced the appointment of Tristram Prior as head of specialist product lines and cyber insurance, where he will lead the launch of directors and officers (D&O), financial institutions (FI) and cyber insurance products in Bermuda. Subject to immigration approval, Prior will relocate to Bermuda to lead the development…

Professional services firm Aon plc has announced that its impact forecasting team is now offering ERN’s Latin America catastrophe model to clients through the Oasis Loss Modeling Framework (Oasis LMF). Latin America is becoming a key region for reinsurers looking to diversify their portfolios. Although the region faces climate-related disasters, its disaster profile (dominated by…

Tysers, the independent Lloyd’s insurance broker owned by Australia’s AUB Group, has announced the appointment of Younes Younes as sector director for its maritime team in Dubai. In his new role, Younes will help drive the development of Tysers’ property products within the reinsurance division. Younes commented: “I am delighted to join Tysers Dubai to…

Serenova Re, a Bermuda-based reinsurer backed by Bain Capital and part of Federal Life Group, has announced the appointment of Stelian Dragan as chief business development officer. In his new role, Dragan will lead business development strategy, advance market partnerships and support Serenova Re’s continued expansion in reinsurance. He has more than two decades of…

The Australian Competition and Consumer Commission (ACCC) has announced its opposition to Insurance Group of Australia Ltd’s (IAG) proposed acquisition of RAC Insurance Pty Limited (RACI) from the Royal Automobile Club of Western Australia, citing concerns that the transaction could result in a significant reduction in competition for the supply of motor vehicle, home and…

Florida’s state-backed Citizens Property Insurance Corporation announced Wednesday that its board of governors has approved proposed 2026 rates that would lower average premiums for individual insurance customers for the first time since 2015, reflecting how recent legislative changes have strengthened the state’s property insurance landscape. The proposal recommends a statewide average decrease in personal insurance…

Global life and health reinsurer Reinsurance Group of America (RGA) announced the appointment of Ryan Krueger as senior vice president of investor relations, effective January 5, 2026. Reporting to Axel André, executive vice president and chief financial officer, Krueger will provide leadership for RGA’s investor relations. He will work closely with the executive leadership team…

Legal & General Retirement America (LGRA), a business unit of Legal & General America, expects total premiums in the U.S. pension risk transfer (PRT) market to be around $9 billion in the third quarter of 2025, down from $15.5 billion in the third quarter of 2024. In the first half of 2025, the total premium…

Global insurance and reinsurance brokerage group Howden has appointed Chris Aries as general counsel for its US retail brokerage and advisory operations. In his new role, Aries will serve as primary legal counsel for Howden’s U.S. operations, covering specialty and retail insurance. He joins the senior leadership team, as part of which he will help…

Louisiana Insurance Commissioner Tim Temple has approved SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate Reciprocal Exchange’s request for an average rate reduction of 7.5%, benefiting the companies’ more than 73,000 homeowner policyholders and more than 17,000 residential policyholders. The changes, which will take effect on February 16, 2026, reflect statewide averages, meaning each policyholder’s actual…