News relating to the Bermuda and international insurance and reinsurance industry.
James River cancels policies for Uber subsidiary Raiser
James River Group Holdings (JRG) is cancelling all insurance policies issued to its largest customer, Rasier, a subsidiary of Uber, and its affiliates, from December 31, 2019.
SEC subpoenas Argo in compensation probe
Argo Group International Holdings has received a subpoena from the US Securities and Exchange Commission seeking documents related to its disclosures around compensation.
Resolution Re names new CEO
Resolution Re, the Bermuda-domiciled reinsurance subsidiary of Resolution Life Group, has named Steve Hales as CEO.
Athene Life Re partners with Bermuda College to offer scholarships
Athene Life Re is offering a new scholarship program in partnership with its parent, Athene Holding, and Bermuda College.
Dorian and Faxai set to blow Arch's Q3 figures off course
Arch Capital Group will report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to $75 million, the re/insurer has predicted, net of reinsurance recoveries and reinstatement premiums.
ABIR members contribute $815m to Bermuda economy in 2018
Members of the Association of Bermuda Insurers & Reinsurers contributed nearly $815 million to the Bermuda economy last year, according to ABIR’s annual member survey results.
Allianz GCS names new global head of reinsurance and catastrophe risk management
Allianz Global Corporate & Specialty, the corporate insurance carrier of Allianz Group, has named Hyeji Kang as global head of reinsurance and catastrophe risk management.
Nephila and Allianz use first proxy generation PPA structure
Nephila Climate, the weather, climate and ESG-driven specialty division of Nephila Holdings, has become the first institution to use a proxy generation power purchase agreement (pgPPA). The transaction saw the sale of power generated by the 180MW Heart of Texas (HTX) wind farm, located in McCulloch County, Texas.
Global Insurance Accelerator changes its funding structure
The Global Insurance Accelerator (GIA), an InsurTech accelerator focused on supporting and promoting innovation for the insurance industry, has changed its funding structure.
Chubb Charity Challenge raises $1m for US and Canadian charities
Lloyd Sadd Insurance Brokers and IMA Select tied for first place in the 20th annual Chubb Charity Challenge tournament finals from September 22 to 25 and were crowned champions of the annual event.
