News relating to the Bermuda and international insurance and reinsurance industry.
Brit Re to expand portfolio in US-based casualty excess of loss
Brit Re plans to expand its reinsurance portfolio in 2020, and will write a portfolio of US-based casualty excess of loss business, consisting of workers compensation, general casualty, and casualty clash exposure, the reinsurer said.
Markel hires president for retrocessional ILS fund, Lodgepine
Markel has hired Brenton Slade as president of Lodgepine Capital Management, its retrocessional ILS fund, based in Bermuda.
Arch and Marsh team up to insure digital asset storage
Arch Insurance UK has partnered with Marsh to launch Blue Vault, providing insurance protection for digital assets.
Americans are complacent about cybersecurity: Chubb
Americans are concerned about cybersecurity but are unwilling to take action to protect themselves, according to a study from Chubb, with only 10 percent of respondents reporting having a cyber insurance policy in place.
AXA XL appoints senior underwriter in political risk, credit and bond team
AXA XL has appointed Edward Moeller as senior underwriter in its political risk, credit and bond team.
Praedicat reschedules event as Humberto looms
Praedicat has rescheduled its event in Bermuda to an unspecified date in October, as Hurricane Humberto continues to head towards the island.
Ed strengthens its risk solutions team
Ed, the global reinsurance, wholesale and specialty broker, has named Simon Stovell as divisional director for the risk solutions team, effective immediately.
AXIS claims chief sets retirement date
David Hayward, the chief claims officer at AXIS Capital Holdings, will retire in March 2020, to be succeeded by Michael Baumel.
AXA XL makes promotions in UK client and distribution team
AXA XL has made a number of appointments in its UK client and distribution team.
AkinovA donates ILS assets to ACORD, the insurance standards setter
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has donated ILS assets to ACORD, the global standards-setting body for the insurance industry.
