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.
High underwriting margins and progressively supporting investment income in 2023 fuelled the market's upward correction from 2021, resulting in high profitability for the industry.
This year’s conference speaker lineup ranges across government and association officials, business leaders, entrepreneurs and industry visionaries.
The collaboration aims to serve a range of clients, including large corporations with captives, Lloyd’s syndicates and insurance-linked securities funds, promoting the benefits of parametric solutions.
The ratings reflect NICI’s balance sheet strength, which AM Best assesses as “very strong”, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
