News relating to the Bermuda and international insurance and reinsurance industry.
US insurers face a multi-billion-dollar payout following extensive hail, tornado, wind and flood damage in a series of extreme weather events in May.
Davies, the professional services and technology business serving insurance and highly regulated markets, has acquired SKWeston & Company (SKW), the contact centre consultancy and professional services firm.
The catastrophe bond market is poised to record its highest ever issuance levels in 2021, with nearly $8 billion of issuance having already been recorded, according to a Moody’s sector report on the insurance-linked securities (ILS) market.
Miller, the independent specialist re/insurance broker, has hired a new head of insurance-linked securities (ILS) as it looks to bolster its capital markets expertise.
HSCM Bermuda has participated in a series B funding for Branch Insurance, a startup that bundles home and auto insurance.
Canopius, the Lloyd’s underwriter with operations in Bermuda, has issued a warranty to Cyber Reliant, a provider of quantum-secure data and anti-ransomware data protection technology.
Arch Insurance International has promoted Kirsten Valder to the role of chief administrative officer and Jason Kittinger to chief operating officer (COO).
Lockton, the privately-owned independent insurance broker, has made several new hires in its global construction practice (GCP) as it expands its UK contractors practice group.
Strategic Risk Solutions (SRS) has hired a new director in Bermuda.
Lockton Re has hired a new broker in London as part of its marine and energy team.