Natalie Chiaramonte has been named Division President of Sovereign Risk Insurance Limited, a Chubb company dealing in political risk insurance and reinsurance.

So far in 2024, the insurance-linked securities (ILS) market has seen significant growth, with the volume of alternative capital in the global reinsurance industry increasing to a record high of $110 billion through the second quarter, as reported by insurance and reinsurance broker Aon.

S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from “stable” to “positive.”

Re/insurance broker WTW, has appointed Sudhir Modhvadia as Head of Structured Risk, GB, where he will report to Alex Shepherd, Head of Facultative, WTW.

AEGIS London, which has consistently been ranked in the top quartile of Lloyd’s syndicate for over a decade, has appointed Tom Squires as Head of Distribution and Digital Trading.

Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024.

The Reinsurance Association of America (RAA) has named Brian Young of Odyssey Group as chair following its annual general meeting at the end of last month.

Global reinsurer MAPFRE RE to open its new branch in Beijing as it has been granted approval from the National Financial Regulatory Administration of the People’s Republic of China.

Global insurance brokerage WTW has introduced new artificial intelligence (AI) capabilities to its RiskAgility Financial Modeller (RiskAgility FM), a financial modelling and reporting software technology for life and health (L&H) insurers.