News relating to the Bermuda and international insurance and reinsurance industry.
The Government of Bermuda has welcomed the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum)’s announcement that the Island is ‘largely compliant’ with its tax information exchange practices with other jurisdictions.
Brit has announced that it has appointed Jonathan Liening as Senior Vice President, Excess Casualty for Brit Global Specialty USA.
Capsicum Re has appointed Steven Rance to lead its new mortgage indemnity reinsurance business division, an area of the market where it sees a great deal of promise.
Guidewire Software, which provides software products to general insurers, and Bermuda-based Sompo International have announced that the latter is deploying Guidewire PolicyCenter as its underwriting and policy management solution in the London Market.
Argo Group International Holdings has announced that it has made a string of appointments in one of its key subsidiaries, Colony Specialty. The appointments were prompted by the departure of a leading executive and the company’s wish to bolster its digital business development team.
Reinsurance broking and consultancy firm JLT Re has appointed Nicolas Bardon as a partner in its Bermuda operation, as it continues to grow its operations on the Island.
According to the latest Marsh Global Insurance Market Index, the second quarter of 2017 was the seventeenth consecutive quarter in which commercial insurance rates declined.
Bermuda-based Arch Capital Group has announced that it has priced an underwritten public offering of 8,000,000 depositary shares, each of which represents a 1/1,000th interest in a 5.45 percent non-cumulative preferred share, series F, of the company.
Sompo Canopius, which has a significant presence on Bermuda, has appointed Stephen Pike as credit and political risk underwriter as it bids to expand on what it offers its clients.
Bermuda-based Everest Re Group has announced that Darwin Lucas has joined Everest Reinsurance Company as vice president and head of US casualty programmes for all general casualty and professional liability lines of coverage within the facultative reinsurance division.