News relating to the Bermuda and international insurance and reinsurance industry.
Sompo International Holdings has announced that Steven E. Grippo has joined Sompo Pro as senior vice president where he will lead the unit’s US architects & engineers practice.
Premier David Burt has stated that he is confident that Bermuda will not be on the European Union’s (EU) blacklist of "non-cooperative" jurisdictions for very long.
PartnerRe announced that the company will reorganise its property & casualty (P&C) business segment into a regional structure, and will make several changes to its executive leadership team.
RenaissanceRe Holdings has announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re (UK).
ArgoGlobal, which is a part of Argo Group, has announced the appointment of Alfredo Alonso as chief underwriting officer for Europe, Middle East and Asia.
White Rock, the Aon-owned company that operates protected cell companies in Bermuda, Gibraltar, Guernsey, Isle of Man, Malta and Vermont, has expanded the concept to a seventh domicile in the District of Columbia, US.
Argo Group International Holdings has released a statement commenting on the director nominees announced last week by investor Voce Capital Management, in the latest in a series of exchanges between the two.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced it is supporting Bermuda’s Relay For Life fundraiser event in May.
5.8 percent shareholder Voce Capital has increased its efforts to attack Argo Group and its CEO Mark Watson III through a new website, along with presenting its nominees for election to the Argo board of directors.
In a development that could push Bermuda reinsurers into losses greater than they anticipated in the first half of the year, total economic losses from the Queensland floods in Australia are estimated at A$1.7 billion ($1.2 billion), according to Aon.