News relating to the Bermuda and international insurance and reinsurance industry.
Starr Insurance Companies, which operates in the US, Bermuda, Asia and the UK, has appointed Carmella Capitano as senior vice president, head of primary general casualty-risk management and excess casualty.
Hamilton Insurance Group's re/insurance platform Hamilton Re has secured $65 million of collateralised capacity through its special purpose sidecar vehicle, Turing Re.
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Dane Lones as chief commercial officer.
Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has appointed Michael Beck as senior vice president, ILS portfolio management.
Ratings agency Moody's has adjusted its ratings outlook of Bermuda-based AXIS Capital Holdings from stable to negative, primarily reflecting lower capitalisation and higher operating and financial leverage relative to peers.
Bermuda-based Monument Re has acquired a run-off portfolio of linked and traditional business from MetLife Europe, although financial terms of the transaction were not disclosed.
The Lloyd’s operations of the Bermuda re/insurance sector largely underperformed in 2018, with all of their managing agents reporting underwriting losses, according to a report from equity research firm Jefferies.
AXA XL has appointed Jennifer Minors as senior vice president, product line leader, within its Bermuda professional lines insurance business.
Specialty re/insurer Sompo International has appointed Christopher Gallagher as the Bermuda-based CEO of its commercial property and casualty business, SI Commercial P&C.
Chris McKeown, the former CEO of AXA XL's Bermuda-based asset manager New Ocean Capital Management, has stepped down from his role as vice chairman and left the company to pursue other interests.