News relating to the Bermuda and international insurance and reinsurance industry.

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Gnosis and SALT bring Microsoft Azure to Bermuda


Gnosis, a Bermudan IT company, has partnered with SALT Technology Group to launch Microsoft Azure Stack in Bermuda.

RenRe to issue quarterly dividend at the end of the year


RenaissanceRe Holdings will issue a quarterly dividend of $0.34 per common share on its common shares on December 31, 2019, to shareholders of record on December 13, 2019.

Allianz reshuffles its management team across its businesses


Joachim Müller has been named as the new CEO of Allianz Global Corporate & Specialty (AGCS). 

Maiden reduces its Q3 net loss to $58m


Maiden Holdings made a net loss of $58.3 million in Q3, a considerable year-on-year improvement, with Q3 2018 having seen the company report a loss of $308.8 million. 

State National CEO to retire at the end of the year

North America14-11-2019

Terry Ledbetter will retire as chairman and CEO of State National, a division of Markel that provides specialty property and casualty insurance services in the US, at the end of the year. 

BMA opens the door to cannabis industry


The Bermuda Monetary Authority will allow BMA-supervised entities to conduct business with licensed cannabis cultivators, processors or sellers, as long as the business does not constitute criminal conduct in the jurisdiction in which the business takes place. 

Chubb names division president for global markets business


Jason Keen has been named as division president of Chubb Global Markets.

Bermuda eyes dominance in life reinsurance: PwC Insurance Summit


Bermuda could become the leading global centre for life reinsurance, according to Frank (Chip) Gillis, chairman of Athene Life Re. 

Everest hires four in financial lines in the US

North America13-11-2019

Everest Insurance has made four appointments to its financial lines team.

Somerset Re to reinsure fixed indexed annuities for Prudential Financial

North America13-11-2019

Somerset Reinsurance has arranged a business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation (PALAC), a  subsidiary of Prudential Financial, that will see it reinsure a quota share of the new fixed indexed annuities PALAC sells. 

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