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.

The agreement includes US$12.5 billion of reserves backing Prudential’s guaranteed universal life policies issued by its subsidies Pruco Life and Pruco Life of New Jersey.

Adamo will lead Altitude’s property portfolio while Baumann is responsible for casualty and financial and professional liability.

The firm is also set to become an authorised Lloyd’s broker.

SRMS manages a property insurance programme for businesses in Florida, while PCIS specialises in commercial risks, condominium associations and personal lines.

Previously, Doherty worked as a legal entity controller at AXIS Capital, managing finance, accounting and regulatory matters.

The event will take place from 28 April to 1 May at the Renaissance Asheville Downtown, with the participation of more than 30 speakers.