News relating to the Bermuda and international insurance and reinsurance industry.
Reinsurers need to build larger reserves of capital to protect them in the event that a major catastrophe presents them with losses on a scale they are not prepared for, according to Elyse Greenspan, director of equity research at Wells Fargo.
Re/insurance industry must go after underinsured as climate change bites: Bermuda Reinsurance Conference 2019
The global re/insurance industry must do more to promote insurance to underinsured communities as climate change increases the frequency of catastrophic weather events, according to Rick Pagnani, executive vice president and head of insurance-linked business at PIMCO.
Guy Carpenter & Company, the risk and reinsurance company owned by Marsh & McLennan Companies, has snared two executives from Aon Reinsurance Solutions in Bermuda, as part of a significant management reshuffle on the island.
Lou Ann Layton, Beazley’s head of broker relations and marketing, has been handed the PLUS1 award for her substantial contribution to the professional liability insurance industry by the Professional Liability Underwriting Society (PLUS).
WR Berkley has named Jonathan Talisman as a director, increasing the size of its board to eleven members, and the number of independent directors to nine.
Willis Towers Watson has hired Andrzej Danyluk as head of international property, London. He joins from JLT, where he was most recently head of the London power broking team.
Cyber is single biggest global risk, according to Brian Duperreault, president and CEO of AIG, speaking at PwC’s Insurance Summit in Bermuda.
Hamilton Insurance Group has unveiled a new team of cyber underwriters at the recently-acquired Pembroke Managing Agency to manage its new cyber offering, Hamilton Cyber Sentinel (HCS).
PartnerRe generated a net profit of $216 million in Q3 2019.
Enstar earned profits of $117.7 million in Q3 2019, a significant turnaround on the $16 million loss reported in the same period of 2018.