The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Global SE is as Claims Manager – Transportation & MEPC. The executive has held a number of […]
Westchester, global insurer Chubb’s excess and surplus lines division, has announced the appointment of Dave Roberts as Chief Operating Officer. In this role, Roberts will oversee operations for Westchester’s recently established Property, Casualty, and Financial Lines Business Practices, which include Digital, Middle Market, Programs, Operations, and IT. He will report to David Lupica, Vice President, […]
This brief looks at changes to Marketplace plans recently finalized by the Centers for Medicare and Medicaid Services (CMS) that may incentivize insurers to make their plans less generous. With less generous plans, consumers could face higher out-of-pocket costs, though those who don’t qualify for premium tax credits could see lower premiums.
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which includes $2.89 billion of new coverage from the traditional reinsurance and capital markets. Back in April, the Citizens […]
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released a new set of High Velocity (HV) models aimed at streamlining the analysis of hurricane and severe convective storm (SCS) losses. These models are designed to support quicker assessments while remaining consistent with KCC’s existing catastrophe reference models. Built using the […]
Medicaid Work Requirements Are Generally Popular, But Arguments Can Shift Views Nearly two-thirds (64%) of the public holds unfavorable views of the “One Big Beautiful Bill” passed last month by the House, nearly twice the share who view the bill favorably (35%), a new KFF Health Tracking Poll finds. The budget reconciliation bill that includes…More
Commercial insurer QBE has announced the appointment of Henrik Larsen as General Manager for the Nordics, effective 23rd June 2025. Based in Copenhagen, Larsen will lead QBE’s team across Denmark and Sweden to strengthen the company’s market position in the region. He will report to Beatriz Valenti, Director of Insurance, QBE Europe. In this role, […]
Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. For Florida, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes, reinforcing its commitment to financial resilience in one […]
Global marine insurer Skuld has announced that Kjell-Åke Augustsson will retire as Senior Vice President, Head of Skuld Piraeus, on 28th February 2026, with Leandros Kotsakis set to assume leadership of the Piraeus office from 1st March 2026. Augustsson first joined Skuld in 1990 and served as an underwriter for 10 years before moving to […]
Taiwan’s domestic non-life insurance premiums continued to rise in 2024, increasing by 10.5% to TWD 278.5 billion (USD 9.2 billion), according to a recent report by AM Best. All of AM Best’s rated entities recorded premium growth during the year, supported by expansions in voluntary motor, travel insurance, and commercial lines. Combined gross written premiums […]
