Cameroon: Govt to curb reinsurance outflows with new cession law

Published on June 24, 2025
Cameroon's government has submitted a draft law to Parliament which, when passed, would require insurance companies to cede part of their premiums and reinsurance contracts to local entities.
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Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance

June 23, 2025
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which includes $2.89 billion of new coverage from the traditional reinsurance and capital markets.Back in April, the Citizens Board approved the carrier to loo

Chubb’s Westchester appoints Dave Roberts as Chief Operating Officer

June 24, 2025
Westchester, global insurer Chubb’s excess and surplus lines division, has announced the appointment of Dave Roberts as Chief Operating Officer.In this role, Roberts will oversee operations for Westchester’s recently established Property, Casualty, and Financial Lines Business Practices, which include Digital, Middle Market, Programs, Operations, and IT.He will report to David Lupica, Vice Preside