FedNat has completed its £15m investment in Monarch as the Florida Office of Insurance regulation authorised the assumption of 78,000 policies between the two firms.

David Shalders is set to join global insurance and reinsurance broking group Howden as its new Chief Operating Officer (COO) once his contractual obligations to his current employer have been discharged.

Florida headquartered primary insurer FedNat has cast doubt over its ability to continue as a going concern in light of its recent rating downgrade by Demotech, while the firm expects further underwriting losses in Q1 2022 on the back of new catastrophe weather events.

AM Best has maintained a stable outlook for China’s non-life insurance sector, supported by steady premium growth driven by the expansion of new energy vehicles (NEVs), ongoing health reforms, emerging product innovations, and regulatory initiatives aimed at fostering market development.

R&Q has said its non-pre-emptive placing, direct subscription, and management subscription will raise gross proceeds of $125m.

WTW, an advisory, broking, and solutions company, has launched Radar Fusion, a cloud-based platform developed by WTW to make commercial underwriting faster, more data-driven, and strategically aligned.