News relating to the Bermuda and international insurance and reinsurance industry.
Everest Insurance, subsidiary of Bermuda-based Everest Re Group, has appointed Sharone Menczel Poopor as vice president of its structured solutions group.
Third Point Reinsurance has announced two further new appointments to its Specialty Treaty division.
Velocity Ledger Holdings (VLHL) has received approval from the Government of Bermuda to conduct an initial coin offering (ICO) in accordance with the Companies Act of 1981.
Bermuda and Caribbean insurer BF&M Group has ended 2018 with a net income attributable to shareholders of $20.2 million against two challenging catastrophe years, which CEO John Wight attributes to a robust reinsurance programme and sound capital management.
Over 60 percent of the $76 billion in global insured losses from natural catastrophes in 2018 resulted from so-called “secondary” perils - small-to-mid sized events or secondary effects of a primary peril, a Swiss Re sigma study has shown.
Bermuda-based property and casualty re/insurer Third Point Re has appointed Tracey Gibbons to leads its specialty treaty portfolio as senior vice president, specialty reinsurance.
StarStone, the specialty insurance subsidiary of Bermuda-based Enstar Group, has appointed industry veterans Ed Noonan and Dick Sanford as chairman and president, respectively.
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Rick Taute as vice president, marketing and distribution, and national wholesale distribution leader for insurance.
Ariel Re, a reinsurance underwriting subsidiary of Argo Group that operates through its Bermuda and Lloyd's platforms, has appointed David Martin as head of marine and energy.
This year's Atlantic hurricane season may provide the Bermuda re/insurance market a sigh of relief, as projected activity is expected to be 20 percent below both the long-range norm since 1950 and 30 percent below the recent 2009-2018 (10-year) norm, according to the Tropical Storm Risk (TSR) Consortium of University College London.