News relating to the Bermuda and international insurance and reinsurance industry.
Fitch places MMC in rating watch negative
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 appoints CEO of subsidiaries
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 Re appoints new Lloyd’s senior underwriter
AXIS Reinsurance has appointed William Bennett as senior underwriter, property reinsurance at Lloyd’s.
Fidelis takes stake in new MGA
Fidelis Insurance has taken an equity stake in a new MGA Kersey Specialty and will be providing underwriting capacity.
BMA publishes money laundering identification paper
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.
StarStone CEO resigns
Demian Smith, the group chief executive officer (CEO) of Enstar subsidiary StarStone has resigned from his position, effective immediately.
ABIR survey shows how members boost Bermuda
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 announces new CEO
Mutual Insurance Company has announced that Joanne Richardson joined the company as chief executive officer on September 1, 2018.
Enstar: Atrium/StarStone no longer for sale
Enstar Group has announced that it is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone.
R&Q announces first half 2018 profit
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.
