News relating to the Bermuda and international insurance and reinsurance industry.
Market braces for tropical cyclone season following May’s extreme weather
US insurers face a multi-billion-dollar payout following extensive hail, tornado, wind and flood damage in a series of extreme weather events in May.
Davies expands its US presence with SKWeston acquisition
Davies, the professional services and technology business serving insurance and highly regulated markets, has acquired SKWeston & Company (SKW), the contact centre consultancy and professional services firm.
Cat bond market on track to break issuance record in 2021: Moody’s
The catastrophe bond market is poised to record its highest ever issuance levels in 2021, with nearly $8 billion of issuance having already been recorded, according to a Moody’s sector report on the insurance-linked securities (ILS) market.
Miller recruits Peak Capital CEO as head of ILS
Miller, the independent specialist re/insurance broker, has hired a new head of insurance-linked securities (ILS) as it looks to bolster its capital markets expertise.
HSCM Bermuda participates in series B funding for Branch Insurance
HSCM Bermuda has participated in a series B funding for Branch Insurance, a startup that bundles home and auto insurance.
Canopius issues warranty to quantum-secure tech firm Cyber Reliant
Canopius, the Lloyd’s underwriter with operations in Bermuda, has issued a warranty to Cyber Reliant, a provider of quantum-secure data and anti-ransomware data protection technology.
Arch makes two C Suite promotions as COO moves into advisory role
Arch Insurance International has promoted Kirsten Valder to the role of chief administrative officer and Jason Kittinger to chief operating officer (COO).
Lockton swipes three Marsh execs as it expands its UK contractors practice group
Lockton, the privately-owned independent insurance broker, has made several new hires in its global construction practice (GCP) as it expands its UK contractors practice group.
SRS snags former AXA XL exec in Bermuda
Strategic Risk Solutions (SRS) has hired a new director in Bermuda.
Lockton Re beefs up its marine and energy team in London
Lockton Re has hired a new broker in London as part of its marine and energy team.
