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Citizens Property Insurance Company of Florida revealed that it has invested $2.82 billion in its 2026 private risk transfer plan. Among them, the traditional reinsurance market is approximately US$691 million, the capital market is approximately US$2.13 billion, and the overall weighted average net interest rate (ROL) is 9.52%. The plan includes $1.29 billion in new…
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Richard Alexander as head of eastern property. In his new role, Alexander will lead Swiss Re CorSo’s East Property team, supporting underwriting performance, profit growth and ongoing engagement with clients and brokers in the region. He has more than thirty…
New research from First Street finds that 79% of the world’s data center capacity is exposed to severe climate hazards, including flood, wind and wildfire risks that could disrupt operations, increase downtime and increase insurance and repair costs. First Street’s analysis shows that climate risk is becoming a key factor in data center investment performance,…
Pro Global, a global provider of specialist insurance services, technology and advisory solutions, has strengthened its claims division with the appointment of three senior professionals as the company continues to invest in its complex claims expertise. The company has appointed Gary Brankin as technical claims director, Harjinder Gill as advanced claims technology – complex claims…
Dynamic artificial intelligence insurance platform Earnix announced the launch of AIOS, the artificial intelligence orchestration system for insurance, which integrates intelligence, agents, models, workflows, governance and human supervision into a single decision-making engine, aiming to improve insurance company performance. AIOS extends Earnix’s intelligent decision-making capabilities across the entire insurance lifecycle, enabling insurers to apply AI…
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…