News relating to the Bermuda and international insurance and reinsurance industry.
PartnerRe has announced that its third quarter results were impacted by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses from its investment portfolio.
Hamilton Insurance Group has unveiled the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda.
Reinsurers have looked for strategic growth through new products and coverage, as well as possible mergers and acquisitions (M&A), according to panellists at the annual 2018 S&P Global Ratings Bermuda Reinsurance Conference, which took place at The Hamilton Princess Hotel on Nov. 6 and 7.
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bbb-” of Maiden Holdings and its downstream intermediate holding company, Maiden Holdings North America.
The International Accounting Standards Board (IASB) has decided, subject to the IASB’s due process, that the IFRS 17 insurance accounting standard will be delayed by one year and the extension of the deferral of IFRS 9 to the same date.
AM Best is estimating that wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures.
Hamilton Re has announced that David Roache has joined in the newly-created position of senior vice president, Head of Risk XS.
Roland (Andy) Burrows has been appointed as the new chief executive officer of the Bermuda Business Development Agency (BDA) by its Board of Directors.
Marsh is to create the Marsh-JLT Specialty unit, which will combine the specialty teams of Marsh and Jardine Lloyd Thompson (JLT) Group.
Assured Guaranty has announced the successful combination of the portfolios and operations of its four international financial guarantee insurance companies. Assured Guaranty (London), Assured Guaranty (UK) and CIFG Europe, which were previously acquired by Assured Guaranty Europe, have been merged with and into AGE, with AGE as the surviving entity.