News relating to the Bermuda and international insurance and reinsurance industry.
Fitch Ratings has placed the ratings of Marsh & McLennan Companies (MMC) on rating watch negative in the wake of its announcement that it is buying Jardine Lloyd Thompson (JLT).
AXA XL has announced that Paul Greensmith has been appointed chief executive officer of Catlin Underwriting Agencies and XL Catlin Insurance Company UK, subject to regulatory approvals.
AXIS Reinsurance has appointed William Bennett as senior underwriter, property reinsurance at Lloyd’s.
Fidelis Insurance has taken an equity stake in a new MGA Kersey Specialty and will be providing underwriting capacity.
The Bermuda Monetary Authority (BMA) has published a paper on how it developed a framework for identifying, assessing and understanding money laundering (ML) and terrorism financing (TF) risks within Bermuda’s insurance sector.
Demian Smith, the group chief executive officer (CEO) of Enstar subsidiary StarStone has resigned from his position, effective immediately.
Companies in the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution of more than $840 million to Bermuda in 2017, according to the Association’s 13th annual member survey results.
Mutual Insurance Company has announced that Joanne Richardson joined the company as chief executive officer on September 1, 2018.
Enstar Group has announced that it is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone.
Randall & Quilter Investment Holdings has announced that it made an operating profit of £7.8 million for the first half of 2018, an increase on the £7.5 million it made in the same period of 2017.