News relating to the Bermuda and international insurance and reinsurance industry.
The Bermuda Monetary Authority (BMA) confirmed eight new re/insurance entity registrations in March 2021.
RenaissanceRe Holdings expects to report a net loss attributable to common shareholders in the first quarter of 2021, with losses from Winter Storm Uri predicted to have a net negative impact of approximately $180 million.
AXIS Capital Holdings has estimated that it made a first quarter pre tax net loss of between $105 million and $115 million related to catastrophes and other weather-related events.
Argus Group Holdings has named two new members to its board of directors, with each of them bringing significant but very different financial experience and expertise to the role.
Chubb has promoted Lyndsey Christofer to executive vice president and construction industry practice leader for its large account segment.
Sompo International Holdings, the Bermuda-based specialty property and casualty (P&C) re/insurer, has poached Allison Fingerhuth from AXA XL as vice president of global inclusive diversity and marketing and communications for international insurance.
Ed, the global reinsurance, wholesale and specialty broker, has signed up a major Bermuda-based re/insurer to TradEd, its etrading platform.
Chubb has made two leadership appointments in its North America accident and health (A&H) business.
Mosaic Insurance has appointed Mark Wheeler as co-chief executive officer (CEO), to work alongside fellow co-CEO Mitch Blaser.
Axis Insurance and Fidelis Insurance have provided reinsurance to support Piiq Risk Partners' first insurance-backed aviation finance transaction.