News relating to the Bermuda and international insurance and reinsurance industry.
BMA confirms eight new re/insurance entity registrations in March
The Bermuda Monetary Authority (BMA) confirmed eight new re/insurance entity registrations in March 2021.
RenRe braced for Q1 loss following Winter Storm Uri
RenaissanceRe Holdings expects to report a net loss attributable to common shareholders in the first quarter of 2021, with losses from Winter Storm Uri predicted to have a net negative impact of approximately $180 million.
Uri and Viola take their toll as AXIS makes preliminary Q1 loss estimate
AXIS Capital Holdings has estimated that it made a first quarter pre tax net loss of between $105 million and $115 million related to catastrophes and other weather-related events.
Argus adds re/insurance and banking experience to its board with two appointments
Argus Group Holdings has named two new members to its board of directors, with each of them bringing significant but very different financial experience and expertise to the role.
Chubb names construction industry practice leader for large accounts
Chubb has promoted Lyndsey Christofer to executive vice president and construction industry practice leader for its large account segment.
Sompo poaches AXA XL exec to drive diversity efforts
Sompo International Holdings, the Bermuda-based specialty property and casualty (P&C) re/insurer, has poached Allison Fingerhuth from AXA XL as vice president of global inclusive diversity and marketing and communications for international insurance.
Another Bermudian re/insurer signs up for Ed’s etrading platform TradEd
Ed, the global reinsurance, wholesale and specialty broker, has signed up a major Bermuda-based re/insurer to TradEd, its etrading platform.
Chubb strengthens its North America A&H team with two promotions
Chubb has made two leadership appointments in its North America accident and health (A&H) business.
Friends reunited as former Ironshore exec Wheeler named as co-CEO at Mosaic
Mosaic Insurance has appointed Mark Wheeler as co-chief executive officer (CEO), to work alongside fellow co-CEO Mitch Blaser.
Axis and Fidelis provide reinsurance for Piiq insurance-backed aircraft refinancing
Axis Insurance and Fidelis Insurance have provided reinsurance to support Piiq Risk Partners' first insurance-backed aviation finance transaction.
