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Sura Re is the wholly-owned captive reinsurer of Suramericana SA, which in turn is 81.1 per cent owned by Grupo de Inversiones Suramericana SA

Fintech company aims to expand its parametric remit beyond the commodity sectors it has focused on

The head of risk control services position is based at the company’s new Madrid office

Position reports directly to Ann Haugh, CEO of Axis Re, and oversees company’s international division

Assured Guaranty has more than $10 billion of exposure to some of the more troubled UK water utilities, and could end up paying lenders in the case of defaults

His appointment to a global role follows the departure from the business of Stuart Liddell

The financial services regulator approved two Restricted SPI insurers, one each in Class C and the Innovative Intermediary IB class, and an agent

The company said Ivy II will deploy its capital, on behalf of its investors, alongside the Global Atlantic balance sheet in qualifying life and annuity reinsurance transactions

Mr Hearn, whose departure from Inver Re was announced last week, succeeds Bronek Masojada who will step down at the end of the month

Mr Fiehn previously served as COO at insurtech Incited and was group COO at Markerstudy Insurance Group before that