SOA Appoints New CEO and Delos Expands Wildfire Coverage in California

The Society of Actuaries has named Clar Rosso as its new chief executive officer to lead the global professional organization starting in May. Simultaneously, insurtech MGA Delos Insurance Solutions is expanding its wildfire coverage eligibility to an additional one million homes in California through enhanced risk modeling and increased underwriting capacity. These developments, along with Starr’s acquisition of IQUW Group and MISSION Underwriters’ expansion into Latin America, signal significant shifts in leadership, risk assessment technology, and global market consolidation within the insurance sector.

The Society of Actuaries (SOA) has appointed Clar Rosso as its new CEO, effective this May, following a global search to replace Greg Heidrich, who has led the organization since 2007. Rosso transitions from her role as CEO of the cybersecurity professional association ISC2 and brings extensive experience from the Association of International Certified Professional Accountants (AICPA & CIMA). In the insurtech space, Delos Insurance Solutions has expanded its wildfire insurance eligibility to include more than one million additional homes across California, bringing its total reach to 12 million homes. This expansion is driven by refined risk models that incorporate high-resolution wind data and suppression efficacy, allowing the MGA to identify acceptable risks in areas other insurers typically avoid; Delos reports that 65% of areas deemed too risky by others are acceptable under its model.

Global investment and insurance firm Starr has finalized its acquisition of IQUW Group, a move that establishes Starr’s managing agency as the ninth-largest at Lloyd’s. The acquisition integrates IQUW’s specialty reinsurance capabilities across London, Bermuda, and the U.K. retail motor market, following a year in which IQUW Group wrote $1.88 billion in gross written premium. Under the new structure, Syndicate 1856 will be rebranded as Starr and IQUW Re will trade as Starr Re, while the specialist motor insurer ERS will maintain its existing brand. Jeff Greenberg, Starr’s chairman and co-CEO, noted that the deal advances the company’s strategy to build a diversified, best-in-class global underwriting business supported by IQUW's data and technology platform.

MISSION Underwriters is expanding its footprint with the launch of a Latin America platform focused on specialized facultative reinsurance programs. The new entity, MISSION LATAM, will operate out of Miami and target property, financial lines, and specialty segments across the region. Alejandro Pedroza, a veteran with over 20 years of reinsurance experience and former CEO of AIG Ecuador, has been appointed as the president of the Latin American division. This strategic move aims to leverage Pedroza’s regional expertise to develop programs for Latin American risks in partnership with experienced underwriters, further diversifying the program administrator's international reach through its technology-driven platform.