News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda-based Sompo International has announced that its US insurance business has launched a new middle market property insurance product, offering ground up single carrier coverage to US mid-size companies across a broad range of industries through its retail broker network.
Enstar Group has announced that chief financial officer (CFO) Mark Smith will step down from his position, which he has held since August 2015, at the end of the year and move into a consulting role.
Steven Bauman has been appointed head of global programmes and captive practice in North America for reinsurer XL Catlin.
AM Best has placed the financial strength rating of A (Excellent) of Sompo Japan Canopius Reinsurance (Switzerland) under review with developing implications.
Bermuda-based re/insurer XL Catlin has made two new appointments to its Canadian environmental insurance team.
Bermuda plays a special role in the global economy, billionaire Michael Bloomberg has announced at an event in New York.
Bermuda-based Essent Group, which offers private mortgage insurance for single-family mortgage loans in the US, has amended its credit facility to increase the total facility from $200 million to $375 million.
The Association of Bermuda Insurers and Reinsurers (ABIR) has hosted a visit by a group of Appalachian State University students.
Everest Re Group has announced that Keith Lavigne has joined Everest Insurance as its leader of management and professional liability within Everest Specialty Underwriters. He will be based in the Everest Insurance office in New York City.
The Board of Directors of RenaissanceRe Holdings (RenRe) has approved an increase in RenRe's share repurchase program, bringing the total current authorisation to $500 million.