News relating to the Bermuda and international insurance and reinsurance industry.
AXIS Capital Holdings has named Matthew Rohrmann as its head of investor relations.
Insurtech investment deals in the first three months of 2018 marked a new high, according to a the latest quarterly insurtech Briefing from Willis Towers Watson.
The Bermuda Business Development Agency (BDA) has revealed that chief executive officer Ross Webber has stepped down from his position, effective May 17.
Ascot US Holding Corporation has acquired Colorado domiciled Greyhawk Insurance Company and its wholly owned subsidiary Greyhawk Specialty Insurance Company.
Everest Specialty Underwriters (ESU), a subsidiary of Everest Insurance, has expanded its financial lines portfolio with the addition of three new colleagues on the private company/not-for-profit business team. This segment’s focus is on providing creative management liability insurance solutions for private and not-for-profit insureds.
Bermuda’s Minister of National Security Wayne Caines has claimed that the Island can become a major hub for financial technology (fintech).
Upgrading technology is the number one concern for insurance and reinsurance executives, according to a global survey of industry leaders carried out by AdvantageGo.
Sompo Holdings has revealed that its consolidated ordinary profit for full year 2017 decreased by ¥99.8 billion to ¥141.8 billion ($1.28 billion), mainly due to the impact of hurricanes in North America and large losses.
Hedge fund backed ILS venture Tangency Capital has launched with $50 million in assets under management and with offices in Bermuda and London, according to a May 16 Reuters report. It will invest in non-life reinsurance risks ahead of the next hurricane season.
Bermuda-based Colonial Group International has acquired a minority interest in Beacon Insurance Company of Trinidad & Tobago.