News relating to the Bermuda and international insurance and reinsurance industry.
Aon-WTW $30bn merger fails; CEO & CFO get contract extension
Aon has agreed to pay a termination fee of $1 billion to Willis Towers Watson.
Former PartnerRe CEO joins Intact board of directors
He spent more than 25 years at the Bermudian reinsurer holding various leadership positions.
Vantage insurance CEO joins Westfield to launch new specialty business
The executive has formerly worked at Sompo International, Endurance and AXIS Capital.
AXA XL strengthens is offering in Germany with PRCB underwriter
AXA XL Insurance has expanded its underwriting capabilities in Germany with a new lead underwriter for political risk, credit and bond (PRCB).
RenRe hails solid Q2 results characterised by strong underwriting growth
Kevin O’Donnell, president and chief executive officer at RenaissanceRe, hailed a “solid quarter” for the business in the second quarter of 2021 in which the re/insurer drove up gross written premiums (GWP) in both its property and casualty and specialty segments.
Nat cat losses down but insured losses up compared to 10-year average: Aon
Global natural disaster events during the first half of 2021 caused around $93 billion in total economic losses, down 32 percent on the 10-year average of $136 billion, according to Aon’s Global Catastrophe Recap: First Half of 2021 report.
Chubb promotes exec to lead P&C insurance in LatAm
Chubb has named a new head of property and casualty (P&C) for its general insurance operations in Latin America.
Hiscox names new CEO with Masojada to step down at end of 2021
Bronek Masojada will retire from his role as chief executive officer (CEO) of Hiscox at the end of 2021.
PartnerRe becomes first reinsurer to adopt iPipeline’s SSG Digital Platform
PartnerRe has adopted iPipeline’s SSG Digital Platform to grow its global protection portfolio, marking the fintech’s first platform integration with a reinsurer.
ABIR hires Bermuda College business administration student as intern
The Association of Bermuda Insurers and Reinsurers (ABIR) has hired a new intern.
