News relating to the Bermuda and international insurance and reinsurance industry.
Solid capitalization and constructive pricing contribute to stable picture.
Arch Capital Group has completed its acquisition of Barbican Group Holdings, including Barbican Managing Agency, Lloyd’s Syndicate 1955, Castel Underwriting Agencies (Castel) and other associated entities.
Swiss Re has confirmed plans to sell its subsidiary ReAssure Group to Phoenix Group Holdings.
Chubb Bermuda has recruited a senior executive who has previously worked with Endurance, Ironshore and AIG as senior vice president and head of excess liability.
Lancashire Holdings has appointed Natalie Kershaw as its new group chief financial officer. She will take up her role, and will join the Lancashire Board, with effect from 1 March 2020.
Bermuda-based legacy re/insurer Catalina Holdings looks set to acquire Asia Capital Reinsurance Group (ACR), which would cease writing business with immediate effect if the deal goes ahead.
Brit and Hiscox MGA lead consortium backing the product.
Operations at a newly created, major reinsurer in Brazil, formed by the merger of Austral Re and Terra Brasis, began on Monday, December 2, as the business’ new brand was still being developed.
Randall & Quilter Investment Holdings (R&Q) director Mark Langridge will step down from his post on December 13, 2019.
Time is right to accelerate MGA development with acquisition, says CEO.