News relating to the Bermuda and international insurance and reinsurance industry.
Howden said the deal demonstrates its commitment to the Bermudian market.
The new hire will be responsible for driving processes around loss reserving.
He has been appointed the new office managing partner in Bermuda.
It will also provide multiyear capacity and paper as a strategic partner.
The new entity will provide brokers with a “single point of entry”.
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.
Predictions for the number of hurricanes this year range from 13 to 20.
Supercede claims it will transform the way carriers prepare reinsurance submissions.
Reinsurance rates-on-line accelerated by 5-10 percent on average at June 1.
It also downgraded AXA Singapore due to its diminishing strategy importance to AXA.