Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities.

Following years of volatility, the commercial insurance market is entering a period of relative stability, with favourable conditions for buyers driven by abundant capital, advancing technology, and data-driven risk strategies, according to a recent report by Willis, a WTW business.

The Texas Windstorm Insurance Association (TWIA) looks set to pay more for its larger 2022 traditional reinsurance program, with firm-order-terms (FOT) for the renewal pointing to a rate-on-line (ROL) of 6.75%, according to its broker Gallagher Re.

Aura Underwriting , part of the international specialty re/insurance MGA, Rokstone, and the Aventum Group, has announced the launch of Aura Parametric – a new Caribbean parametric product to complement its existing Lloyds Caribbean binder.

Catastrophe risk modeller CoreLogic’s modelled insured loss estimate for the devastating, shallow magnitude 7.5 earthquake, which hit western Japan on New Year’s Day, includes damage from ground shaking, fires following, tsunamis, and liquefaction.

Losses arising from catastrophes for private and public insurers will top at least $14bn in the first-quarter of 2022, says a new report from re/insurance broker Aon.

International re/insurance broker UIB has announced the appointment of Osama Altajer as Aviation Production and Risk Management Executive.

The Government of the Republic of Zimbabwe has received an insurance payout of US$16. 8 million following its participation in the African Risk Capacity (ARC) Group disaster financing mechanism.

Syndicate Research Limited (SRL) has recently placed the B+ (Above Average) Continuity Opinion of Lloyd’s syndicate 557 (Tokio Marine Kiln Syndicates Limited) under review for possible downgrade, following the syndicate’s active underwriter leaving the business and confirmation that a review was being undertaken of the syndicates account.

AHJ Miller, the reinsurance division of Miller and an independent specialist re/insurance broker, has appointed Marlon Williams as Senior Broker in its Bermuda office.

Global insurance brokerage HUB, has announced the launch of the HUB Property Practice, which was created to better address complex challenges in the commercial insurance property market.

Munich Re executive Till Böhmer has been appointed as Chief Executive Officer (CEO) of ThaiSri Insurance, the Thai subsidiary of ERGO, Munich Re’s primary insurance arm.