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Florida targets out-of-state captive insurers with 5.3% tax

The measure targets captive insurance entities, which often operate outside their business's state, bypassing local insurance companies and agents.

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Active Re promotes Ali to COO

Ali will lead the development of strategic alliances with managing general agents across various regions and lines of business, reporting directly to the CEO.

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Veriato develops new model for insider risk management

The new AI-driven platform aims to provide organisations with detection and predictive analytics capabilities for managing insider threats effectively.

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RMC Group wins against IRS in captive dispute

In the verdict, the jury cleared RMC Group, owned by Raymond Ankner, from penalties under Internal Revenue Code Section 6700, which governs the promotion of abusive tax shelters.

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Howden Tiger rebrands to Howden Re

Following the rebranding of its broking operations in October 2023, Howden aims to express its collective expertise in the reinsurance business through a single identity.

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Antares launches consortium for credit and political risks

The consortium will initially offer a maximum line of US$40 million, led by Antares with a 75 per cent share.

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Amazon partners with AXA to develop global risk management platform

The new platform will help clients globally monitor their assets and navigate complex and interconnected risks.

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Global reinsurer capital surges to US$670 billion in 2023, reveals Aon

Global reinsurer capital increased by 17 per cent to US$670 billion in 2023.

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Canopius appoints new CEO of APAC and MENA

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.

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Munich Re names Wilkens as new CEO for Canada

Wilkens will lead the operation of Munich Re’s non-life reinsurance business in Canada.

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Geddes named as head of reinsurance at MS Amlin

Geddes’s former role as head of property and allied lines for MS Amlin will be filled internally by Simon Morgan.

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Sabouni and Palardy promoted to executive board at Cowbell

Cyber insurance provider Cowbell has named Sahar Sabouni as chief people officer, and Dan Palardy as chief actuary.

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