News relating to the Bermuda and international insurance and reinsurance industry.
PartnerRe has announced that Tad Walker, CEO property & casualty and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. The company is now carrying out external searches for their successors.
AXIS Insurance has appointed James DeSimone to the new position of senior vice president, primary casualty. He will report to Janet Jordan-Foster, executive vice president, primary casualty, AXIS Insurance and will be based out of AXIS’ New York office.
Hiscox has announced the appointment of Josh Nevin as chief operating officer (COO) for its Hiscox USA business unit. Nevin will be based in Atlanta and will report to Ben Walter, CEO of Hiscox USA.
Ascot Group (AGL), a Bermuda-based holding company, has announced the appointment of Neill Currie as its executive chairman.
CNA Hardy has appointed Alistair Marriott as head of cargo for its Lloyd’s platforms.
Arch Insurance, a subsidiary of Arch Capital Group has announced changes to its travel sales team, effective immediately.
AXIS Insurance has appointed Marc Nance to the post of executive vice president, excess & surplus (E&S) property.
Sompo International has launched a new accident & health (A&H) insurance unit. The unit will be led by Dale Willetts, who has joined Sompo International as executive vice president, head of accident & health.
RenaissanceRe Holdings has announced that its subsidiary, RenaissanceRe Finance, has agreed to sell in an underwritten public offering $300 million aggregate principal amount of 3.450 percent Senior Notes due 2027.
Assured Guaranty has announced that it is combining the portfolios and operations of its four international financial guaranty insurance companies.