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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…
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…