News relating to the Bermuda and international insurance and reinsurance industry.
The North Carolina Department of Insurance (NCDOI) licensed 26 new captive insurers and approved 61 new cells in 2019, according to figures published in its 2019 end-of-year report for its captive insurance program.
Xceedance, the Bermuda-based insurance consultancy and technology company, has acquired the US technology vendor, Activer Solutions.
AXIS Capital Holdings has warned investors to expect “modest” profits when it announces its Q4 2019 results later this month.
The mood among global CEOs has reached a low ebb, with more than half (53 percent) of them expecting the rate of economic growth to decline in 2020, according to PwC’s 23rd Annual Global CEO Survey.
Artur Klinger will join Everest Re Group’s reinsurance division later this year as managing director of Continental Europe, succeeding Stephan Knipper who is set to retire.
Hamilton Insurance Group has appointed Brad Sforza senior vice president and head of property reinsurance for its new US reinsurance platform.
Bermuda’s regulatory regime is among the most effective in the world for combating money laundering and the financing of terrorism and proliferation, according to a mutual evaluation report (MER) of its systems and framework.
The private US property and casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019, from $4.7 billion a year earlier, according to Verisk, a data analytics company, and the American Property Casualty Insurance Association (APCIA).
Gemini Trust Company, a cryptocurrency exchange and custodian, has launched a captive insurance company, Nakamoto, thought to be the first captive to insure crypto custody.
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has launched a contingent legal risk insurance (CLRI) product, within its global portfolio of transactional risk products and services.