News relating to the Bermuda and international insurance and reinsurance industry.
Brit Re plans to expand its reinsurance portfolio in 2020, and will write a portfolio of US-based casualty excess of loss business, consisting of workers compensation, general casualty, and casualty clash exposure, the reinsurer said.
Markel has hired Brenton Slade as president of Lodgepine Capital Management, its retrocessional ILS fund, based in Bermuda.
Arch Insurance UK has partnered with Marsh to launch Blue Vault, providing insurance protection for digital assets.
Americans are concerned about cybersecurity but are unwilling to take action to protect themselves, according to a study from Chubb, with only 10 percent of respondents reporting having a cyber insurance policy in place.
AXA XL has appointed Edward Moeller as senior underwriter in its political risk, credit and bond team.
Praedicat has rescheduled its event in Bermuda to an unspecified date in October, as Hurricane Humberto continues to head towards the island.
Ed, the global reinsurance, wholesale and specialty broker, has named Simon Stovell as divisional director for the risk solutions team, effective immediately.
David Hayward, the chief claims officer at AXIS Capital Holdings, will retire in March 2020, to be succeeded by Michael Baumel.
AXA XL has made a number of appointments in its UK client and distribution team.
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has donated ILS assets to ACORD, the global standards-setting body for the insurance industry.