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Howden Re, the reinsurance arm of Howden Brokerage Group, has expanded and strengthened its presence in Europe with the opening of a new office in Ireland. The broker believes the move will enhance its ability to support clients in one of the region’s most important and rapidly growing insurance markets. It also aims to bring…
The Mexican federal government, through its Sovereign Catastrophe Risk Financing Strategy, has deployed nationwide parametric earthquake and volcano risk insurance, with Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance Group, as the primary capacity provider. The parametric insurance solution, brokered by Augment Risk and domestic broker TBS, reportedly complements Mexico’s long-term catastrophe…
Aon, a global professional services firm providing risk, retirement and health solutions, announced the appointment of Sarah Goodman, CPCU, ARM, AINS, as head of its life sciences brokerage business. Aon said Goodman brings a wealth of industry expertise and established market relationships to the role, where she will focus on supporting innovation and helping clients…
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…
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…
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, 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….
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, 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 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…