News relating to the Bermuda and international insurance and reinsurance industry.
IGI rebounds from 2017 cat losses
International General Insurance Holdings, which owns reinsurer IGI Bermuda, has announced that it made a profit of $26.47 million for the 2018 financial year.
Bermuda-US ties highlighted at New York forum
Bermuda's value to global business and the United States has been highlighted at the Bermuda Executive Forum in New York on March 22.
RenRe completes TMR acquisition
RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).
Arch Capital announces new board chairman
Arch Capital Group has announced that John Pasquesi is to succeed Constantine “Dinos” Iordanou as chairman of its board of directors in September upon the completion of Iordanou’s term.
New digital asset exchange gets provisional licence on Bermuda
Omega One has launched Omega Dark, which it claims is the first regulated, fully independent, and institutionally-focused dark pool in the digital asset marketplace.
R&Q subsidiary announces California partnership
A Florida-domiciled subsidiary of Randall & Quilter has confirmed a program underwriting partnership with Pronto General Insurance Agency.
Lloyd’s chairman highlights Bermuda partnership
The Bermuda insurance market and Lloyd’s of London have many common interests and should focus more on growing the size of the insurance market for mutual benefit than on competing against each other, according Bruce Carnegie-Brown, the chairman of Lloyd’s.
AXA starts new blockchain scheme in Sweden
AXA Partners, which is a part of the same group as AXA XL, has started a blockchain payment protection experiment to support people who are involuntary unemployed in Sweden.
Markel optimistic about ILS despite challenges
Markel has revealed that its ILS operations had grown “dramatically” from nothing to $92 million in 2018, in just five years and that it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.
Speakers announced for BDA New York event
A wide range of guests will join former New York mayor and philanthropist Michael Bloomberg and American International Group President and CEO Brian Duperreault as special guests participating in the March 21 Bermuda Executive Forum New York.
