News relating to the Bermuda and international insurance and reinsurance industry.
Catalina makes two appointments to its UK boards
Catalina’s UK subsidiary has appointed Anthony Mason as chair, and Penny Shaw as non executive director, of its UK boards.
Arch Capital estimates catastrophes will cost around $160m in Q4 2020
Arch Capital Group has warned that catastrophe events like Hurricanes Delta and Zeta that occurred during Q4 2020 will have negatively impacted its results for that quarter.
Sompo partners with Flock to provide insurance coverage for drones
Sompo International Holdings has entered into a long-term partnership with Flock, a UK insurtech that provides data-driven insurance solutions to commercial drone operators.
AXA XL appoints chief data and analytics officer in London
AXA XL has appointed Ashok Krishnan as chief data and analytics officer in London.
BMS builds up its treaty reinsurance capabilities with hire
BMS Group has named Kevin Gordon as senior vice president for treaty reinsurance, as it seeks to expand its presence in the US treaty reinsurance market.
Bermuda’s re/insurers well positioned as market conditions improve: Fitch
Bermuda re/insurers are positioned to benefit from recovering market conditions in 2021, according to Fitch Ratings, with higher-than-expected catastrophe losses and coronavirus-driven claims driving premium rate increases.
Bermuda prepares for International Technology Summit in February
Bermuda will host The International Technology Summit on the week commencing February 1, 2021, bringing together innovators, regulators and executives from Bermuda, Canada, and other countries in a virtual environment as well as in-person workshops.
Everest makes three appointments in distribution, specialty casualty and ESU
Everest Insurance has made three leadership appointments in its distribution, specialty casualty and Everest Specialty Underwriters (ESU) business units.
AkinovA becomes first new regulated insurance marketplace since the formation of Lloyd’s
AkinovA, the electronic insurance marketplace, has been granted the first Insurance Marketplace Provider licence to be provided by the Bermuda Monetary Authority (BMA).
Integral secures cornerstone investment from NHC
Integral ILS, the independent insurance linked securities (ILS) fund manager, has received a cornerstone investment from New Holland Capital (NHC), an alternative investment manager.
