News relating to the Bermuda and international insurance and reinsurance industry.
Liberty Mutual Re promotes underwriter to manage its global portfolio
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Peter Smith to the newly created role of executive vice president (EVP) and managing director.
Insurers face estimated $1bn loss from extreme weather in the US in March: Aon
Severe convective storms and flooding in March caused an estimated $2 billion of damage in the US, according to Aon’s monthly Global Catastrophe Recap report, leaving public and private insurers with losses likely to be in excess of $1 billion.
Assured Guaranty reaches agreement on Puerto Rico clawback credits
Assured Guaranty Municipal Corp (AGM) and Assured Guaranty Corp (AGC) have reached an agreement in principle to settle their insured exposure to Puerto Rico Highway and Transportation Authority and other Puerto Rico clawback credits.
BMA unveils team specialising in climate change risk
The Bermuda Monetary Authority (BMA) has unveiled a new team specialising in the licensing and supervision of innovative business model proposals to address climate change risk and the associated protection gap.
MS Amlin appoints new head of property and allied lines
MS Amlin Underwriting (MS AUL), the Lloyd’s market re/insurer, has appointed Sam Geddes as head of the property and allied lines division.
Horseshoe names Faries as CEO as Perez steps into advisory role
Kathleen Faries has been appointed as the new chief executive officer (CEO) of Horseshoe, the insurance linked securities specialist and fund administrator.
Investment performance drives 7% growth in reinsurance capital in 2020: Willis Re
Capital dedicated to the global reinsurance industry saw year on year growth of 7 percent in 2020, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of Willis Towers Watson.
Gallagher Re builds up its cyber capabilities with dedicated team in Bermuda
Gallagher Re, the global reinsurance broker, has unveiled a new cyber reinsurance team in Bermuda.
Watford targets new business relationships in France with Axeria acquisition
Watford Holdings has completed the purchase of Axeria IARD (Axeria), a French property and casualty insurance company with offices in Lyon, Lille and Bordeaux.
Canopius appoints former The Hartford executive as head of renewable energy
Canopius Group, the global specialty re/insurer with operations in Bermuda, has appointed Pat Milner as head of renewable energy.
