News relating to the Bermuda and international insurance and reinsurance industry.
Carey Olsen Bermuda has promoted Gavin Woods of its corporate practice to the role of partner.
Specialty property and casualty re/insurance provider Sompo International Holdings has named Michael Chang, Graham Evans and Christopher Sparro as co-heads of the company’s commercial property and casualty (P&C) insurance business.
Ed Jordan has joined Arch Capital Group as portfolio manager.
US-based Assurant has reduced its catastrophe exposure with increased reinsurance protection, in an attempt to produce more predictable earnings and cash flow, according to Alan Colberg, president and CEO at Assurant.
Brit has appointed Garick Zillgitt to the position of vice president of primary general liability and Justin Magee to vice president of excess casualty to Brit Global Specialty USA (BGSU).
Steven Beadle has been named chief financial officer at Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group.
Willis Re, the reinsurance division of global advisory and broking company Willis Towers Watson, has deployed a wildfire risk system that can be used throughout the US to assess location level wildfire risk.
Ed, the global reinsurance, wholesale and specialty broker, has appointed Carrie Kelley as executive vice president and head of property insurance for Bermuda. She reports to Chris Bonard, CEO of Ed Broking’s new Bermuda platform.
AXA XL has joined Pool Re, a British terrorism reinsurer, on the placement of its new retrocession programme covering non-damage business interruption (NDBI) losses.