News relating to the Bermuda and international insurance and reinsurance industry.
Applied Filters
L&G Re names new CEO as Olunloyo takes new role at L&G America
Legal & General Re has named a new chief executive officer (CEO) to replace Thomas Olunloyo, L&G Re’s CEO since 2017 who is relocating to the US to join Legal & General America (LGA) as executive vice president and deputy CEO.
Above-average hurricane season could hit ratings, Fitch warns
Predictions for the number of hurricanes this year range from 13 to 20.
Markel participates in Supercede pilot to overhaul outward reinsurance
Supercede claims it will transform the way carriers prepare reinsurance submissions.
Property-cat rates on-line back to post Superstorm Sandy levels
Reinsurance rates-on-line accelerated by 5-10 percent on average at June 1.
Fitch unveils positive outlook on AXA driven by AXA XL
It also downgraded AXA Singapore due to its diminishing strategy importance to AXA.
Turbulent 2020 triggers drop in insurers’ profits: Verisk/APCIA report
Private US property/casualty insurers’ net income fell 2.9% to $60.1 billion in 2020.
R&Q completes novation of four QBE LPT agreements
Randall & Quilter Investment Holdings (R&Q), the non-life global speciality insurance company focused on programme management and legacy insurance businesses, has completed the novation of four loss portfolio transfer (LPT) agreements.
Former PartnerRe CEO Clarke joins Tremor Technologies
He said he wanted to contribute to Tremor Technologies’ growth acceleration.
Former TransRe CEO Sapnar joins Bitcoin specialist NYDIG
The tech firm has also raised $100m from investors including Liberty Mutual and Starr Insurance.
Elementum hires RenRe legal and regulatory expert
The specialist in risk-linked investments has also promoted from within.
