Global reinsurer capital increased by 17 per cent to US$670 billion in 2023.
Lee will lead Canopius’s APAC business units across Singapore and Australia, taking over from Mark Newman, who recently moved to become UK CEO in London.
Wilkens will lead the operation of Munich Re’s non-life reinsurance business in Canada.
Geddes’s former role as head of property and allied lines for MS Amlin will be filled internally by Simon Morgan.
Cyber insurance provider Cowbell has named Sahar Sabouni as chief people officer, and Dan Palardy as chief actuary.
The negative outlooks are based on the declining trend in Vermont Mutual’s risk-adjusted capitalisation in recent years, which has created pressure on its overall balance sheet assessment.
Ovation Home Insurance Exchange is the most recent approval, followed by Manatee Insurance Exchange, Condo Owners Reciprocal Exchange and Orange Insurance Exchange.
The new parametric solutions, available across perils and a range of industries, are designed to help protect clients against the occurrence of a specific and trigger-based event.
