News relating to the Bermuda and international insurance and reinsurance industry.
Oklahoma Insurance Commissioner approves R&Q IBT transaction
The Oklahoma Insurance Commissioner has approved the insurance business transfer (IBT) of a portfolio of Sentry Insurance reinsurance policies to National Legacy Insurance Company (NLIC), a subsidiary of Bermuda-based Randall & Quilter Investment Holdings.
Argo completes its sale of Ariel Re
Argo Group International Holdings’ sale of Ariel Re to Pelican Ventures and J.C. Flowers & Co has closed.
Arch strengthens hull and war coverage with Jason Page hire
Arch Insurance International has appointed Jason Page as senior underwriter for hull and war.
Paul Shedden joins Sompo in analytics role
Sompo International Holdings has hired Paul Shedden as head of portfolio design, pricing and analytics for global insurance.
Bank of Butterfield appoints Sonia Baxendale to its board
The Bank of N.T. Butterfield & Son has appointed Sonia Baxendale to its board as an independent director.
Moody’s upgrades XL Bermuda to align it with AXA
Moody's Investors Service has upgraded XL Bermuda’s insurance financial strength rating to Aa3, from A1 and changed its outlook to stable, from positive.
Sirius, Third Point Re shareholders votes clear path for merger in Q1
Shareholders of both Third Point Reinsurance and Sirius International Insurance Group have voted to approve all proposals required to complete their merger agreement.
Re/insurance industry must embrace change to restore trust: PwC
Re/insurance companies must change their approach to business following the COVID-19 pandemic to help repair the social and economic damage it has exposed, according to Arthur Wightman, territory and insurance leader at PwC in Bermuda.
Hamilton continues to strengthen its third party capital and ILS franchise with Ada Re launch
Hamilton Insurance Group has launched Ada Capital Management, a Bermuda-regulated insurance agent authorised to underwrite on behalf of Ada Re, a newly-formed, Bermuda-registered special purpose insurer.
SRS appoints Matthew Charleson as chief operating officer of fund services and ILS
Strategic Risk Solutions (SRS) has named Matthew Charleson as chief operating officer of fund services and ILS.
