News relating to the Bermuda and international insurance and reinsurance industry.
John Mok will join PartnerRe in February 2021 as chief executive officer of its life and health business in Asia Pacific.
Enstar Finance, a subsidiary of Enstar Group, has priced $350 million of 5.750 percent fixed-rate reset junior subordinated notes due 2040.
Convex Group has appointed Matt Paskin as chief executive of Convex Re (Bermuda).
Insured losses from Hurricane Sally are likely to be significant for the US National Flood Insurance Program (NFIP), according to AM Best.
Athene Holding has appointed Lynn Swann as an independent member of its board of directors.
Third Point Reinsurance has invested in Arcadian Risk Capital, a start-up led by John Boylan, an industry executive with a 30-year track record in the global insurance market.
Premia Holdings, the reinsurance group specialising in acquiring companies in runoff, has hired Colin Grint as chief executive officer of Premia Managing Agency. Grint will take up his post on October 1, 2020 and will have oversight of all of Premia’s operations in Europe.
AXIS Capital Holdings will pay a quarterly dividend of $0.41 per common share on October 15, 2020, to shareholders of record at the close of business on October 2, 2020.
Arch Insurance has entered a new underwriting partnership with ProHost USA, a Minneapolis-based insurance programme administrator that provides specialty packages for the restaurant industry.
Alchemy Partners’ Alchemy Special Opportunities Fund IV is making an £80 million investment into White Bear Capital, the parent company of Blenheim Syndicate 5886 of which Nephila Capital is a strategic investor.