News relating to the Bermuda and international insurance and reinsurance industry.
ChainThat, a specialist provider of blockchain solutions for the re/insurance industry, has received approval to become the first company to join the Bermuda Monetary Authority’s (BMA) innovation hub.
AXA XL has expanded the coverage in its pollution and remediation legal liability (PARLL) policy in North America.
Everest Insurance has appointed three new underwriters to work within its specialty underwriters private company / not‐for‐profit group, which provides management liability insurance for private and not-for-profit companies.
The insurance industry is failing to adequately address the issue of climate change, according to Barney Schauble, climate chairman at Nephila Capital, a Bermuda-based investment advisor specialising in reinsurance risk.
Everest Insurance has opened an office in Philadelphia.
Frank “Chip” Gillis, CEO of Athene Life Re and co-founder of its parent, Athene Holding, will retire at the end of 2019.
A hardening market is prompting companies to use their captive to help dodge or offset rate increases.
Enstar Group has appointed Myron Hendry to its board of directors, effective July 1.
Singapore aims to strengthen the region’s resiliency against natural catastrophes, and one of the ways it hopes to achieve this is through the use of insurance-linked securities (ILS).
Decisional law relating to insurance for climate change liability is virtually non-existent, but that is set to change soon, according to Adam Krauss, partner at Traub Lieberman Straus and Shrewsberry.