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Multi-category, multi-region managing general agent (MGA) Pen Underwriting has announced the extension of its decades-long strategic partnership with Zurich, UK, and the signing of a newly expanded multi-year specialist fleet capacity agreement. The new agreement builds on a 35-year partnership that continues to provide fleet capacity to the hazardous cargo, tanker and environmental industries and…
NFP, the property and casualty (P&C) brokerage and benefits consulting provider owned by Aon, has promoted and expanded the role of Caleb Noel to executive vice president (EVP) and chief financial officer (CFO). Based in Austin, Noel will report to NFP CEO Doug Hammond and Aon’s finance team. In his new role, Noel succeeds Brett…
Global law firm Kennedys said rising geopolitical tensions, ongoing trade disputes, climate-related hazards and post-Brexit regulatory challenges are creating a complex and unstable risk environment that is testing the resilience of the global marine insurance industry. Kennedy partners Chris Chatfield and Shaan Burton highlighted the geopolitical landscape as a major factor shaping the current and…
Engineering insurance and inspection services provider HSB (UK and Ireland) has announced that Managing Director Terry Dyson has decided to retire at the end of March 2026. Dyson has a forty-year career in the insurance industry. He joined HSB in 2019, eventually becoming Commercial Director in 2022, successfully leading the company’s sales, business development, partnerships…
Avocet Partners, a new insurance-focused investment and operating platform, has launched with $500 million in committed equity from funds managed by Oaktree Capital Management, LP and Lane42 Investment Partners, LLC. Led by an experienced operator founding team with a proven track record in building, scaling and managing insurance platforms across multiple market cycles, Avocet was…
Tysers, the independent Lloyd’s insurance brokerage part of Australia’s AUB Group, has announced the appointment of Younes Younes as divisional director of its non-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…
Willis, a subsidiary of WTW, pointed out in its latest political risk index that in the new trade paradigm, geopolitical coordination is crucial to the risk management strategies of international companies. The global trade landscape will be fundamentally reshaped in 2025, driven by a wave of new U.S. tariff agreements that prioritize national security over…
Tysers, the independent Lloyd’s insurance brokerage part of Australia’s AUB Group, has announced the appointment of Younes Younes as divisional director of its non-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…
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…
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