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AXA starts new blockchain scheme in Sweden

Bermuda, Europe, Global20-03-2019

AXA Partners, which is a part of the same group as AXA XL, has started a blockchain payment protection experiment to support people who are involuntary unemployed in Sweden.

Markel optimistic about ILS despite challenges

Bermuda, Global19-03-2019

Markel has revealed that its ILS operations had grown “dramatically” from nothing to $92 million in 2018, in just five years and that it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.

Speakers announced for BDA New York event

Bermuda, North America19-03-2019

A wide range of guests will join former New York mayor and philanthropist Michael Bloomberg and American International Group President and CEO Brian Duperreault as special guests participating in the March 21 Bermuda Executive Forum New York.

Palomar files for IPO on the Nasdaq

Bermuda, North America18-03-2019

US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange and is looking to raise $50 million from the deal.

AXIS Holdings ratings affirmed by AM Best


AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa-” of the operating subsidiaries of AXIS Capital Holdings.

Maiden remains in the red after 2018 net loss

Bermuda, Global15-03-2019

Maiden Holdings has reported a fourth quarter 2018 net loss of $269.2 million, down again on the net loss of $133.6 million it made in the same quarter of 2017.

AM Best leaves Hamilton ratings unchanged after Pembroke purchase

Bermuda, London15-03-2019

AM Best has announced that the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” Hamilton Re remain unchanged following Hamilton Insurance Group’s announcement that it has signed a definitive agreement with Liberty Mutual Group to acquire Pembroke Managing Agency.

Sompo International widens US policy range

Bermuda, North America15-03-2019

Sompo International has announced that the company’s US platform has introduced a Management Assurance Policy (MAP), which expanded its primary professional lines insurance offering for private companies

Burt: editing error prompted blacklist

Bermuda, Europe14-03-2019

Premier David Burt has said that what appears to have been a case of human error when draft regulations were being edited resulted in the country being blacklisted by the European Union this week.

Hamilton to buy Pembroke Lloyd’s platform


Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Ironshore Europe DAC (IEDAC).

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