News relating to the Bermuda and international insurance and reinsurance industry.
Catalina’s UK subsidiary has appointed Anthony Mason as chair, and Penny Shaw as non executive director, of its UK boards.
Arch Capital Group has warned that catastrophe events like Hurricanes Delta and Zeta that occurred during Q4 2020 will have negatively impacted its results for that quarter.
Sompo International Holdings has entered into a long-term partnership with Flock, a UK insurtech that provides data-driven insurance solutions to commercial drone operators.
AXA XL has appointed Ashok Krishnan as chief data and analytics officer in London.
BMS Group has named Kevin Gordon as senior vice president for treaty reinsurance, as it seeks to expand its presence in the US treaty reinsurance market.
Bermuda re/insurers are positioned to benefit from recovering market conditions in 2021, according to Fitch Ratings, with higher-than-expected catastrophe losses and coronavirus-driven claims driving premium rate increases.
Bermuda will host The International Technology Summit on the week commencing February 1, 2021, bringing together innovators, regulators and executives from Bermuda, Canada, and other countries in a virtual environment as well as in-person workshops.
Everest Insurance has made three leadership appointments in its distribution, specialty casualty and Everest Specialty Underwriters (ESU) business units.
AkinovA, the electronic insurance marketplace, has been granted the first Insurance Marketplace Provider licence to be provided by the Bermuda Monetary Authority (BMA).
Integral ILS, the independent insurance linked securities (ILS) fund manager, has received a cornerstone investment from New Holland Capital (NHC), an alternative investment manager.