News relating to the Bermuda and international insurance and reinsurance industry.
In a move of interest to many re/insurers on Bermuda, Fitch Ratings has indicated that the landscape for US property and casualty (P&C) insurers has improved by revising the sector’s outlook to stable from negative.
The Bermuda insurance sector’s resilience to potential catastrophe events further strengthened in 2017 as the market’s exposure to cat losses dropped and the industry’s capital and surplus increased, according to a new report by the Bermuda Monetary Authority (BMA).
Argo Group’s Lloyd’s insurer ArgoGlobal has appointed Paul Lucas as chief actuary, international.
The level of insurers’ reliance on reinsurance for perils increased in 2017 compared with 2016, according to the Bermuda Monetary Authority (BMA).
The Bermuda subsidiaries of Sirius have received a boost with rating agency AM Best affirming their financial strength ratings and removing them from under review with negative implications following the listing of parent Sirius International Insurance Group (SIIG) on the Nasdaq stock exchange.
The volume of ILS deals issued in the second quarter of 2018 declined by 26 percent compared with the same period a year earlier driven by a smaller average deal size and a strong first quarter to the year, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.
AXIS Insurance has launched a consolidated global cyber and technology unit, led by Dan Trueman, global head of cyber & technology.
Assured Guaranty has announced that Gregory Larson has joined the company as managing director, public finance marketing, effective November 30, 2018.
Everest Re Group has announced that Jon Levenson has joined the company as head of investor relations.
American International Group (AIG) chief executive Brian Duperreault praised Bermuda’s “culture of quality and innovation,” while urging fintech entrepreneurs to be relentless in their pursuit of novel ideas, on the second of a two-day industry forum in London.