News relating to the Bermuda and international insurance and reinsurance industry.
Chubb has appointed Suresh Krishnan as chief operating officer for its accident and health (AH) business in the US and Canada, a newly created role.
The five global risks perceived as most likely to occur are all environmental, according to the World Economic Forum’s Global Risks Report 2020, produced in partnership with Marsh & McLennan and Zurich Insurance Group.
Chubb made a net catastrophe loss of approximately $430 million pre-tax, or $353 million after tax, in Q4, according to the re/insurer’s own estimates.
Ed has appointed Colin Kelley as head of its new liability division in Bermuda to lead the professional lines, casualty and healthcare teams.
Tysers has taken a minority stake in Helix Underwriting Partners, Bermuda’s newly formed and first independent managing general underwriter.
Liberty Mutual Re has appointed Susan Burke as vice president and director of assumed reinsurance in its casualty treaty department in its Stamford, Connecticut office.
Insurance brokerage and consultant Arthur J Gallagher & Co has taken a 100 percent ownership interest in Capsicum Re, increasing its stake from 33 percent.
Carey Olsen Bermuda has hired Michael Frith to join its corporate practice.
BMS Group, the independent specialist re/insurance broker, has appointed Alejandro Ceron as chief operating officer for the Latin America and Caribbean business. He is based in Miami and reports to Jose Astorqui, CEO of the Latin America and Caribbean business.
AXA XL has merged its AXA Corporate Solutions and AXA ART divisions into XL Insurance Company SE (XLICSE).