News relating to the Bermuda and international insurance and reinsurance industry.
Chubb has estimated its global net catastrophe loss for Q2 2020 as $1.8 billion million before tax.
Bermuda’s share of total alternative capital capacity was $71 billion at the end of 2018, or approximately 73 percent of the global alternative capital market, according to the Bermuda Monetary Authority’s (BMA) 2019 Alternative Capital Report.
Argo Group International Holdings has launched an outside search for a new chief financial officer to succeed Jay Bullock.
Re/insurance industry losses for Australian bushfires in 2019-2020 came to a total of A$1.86 billion ($1.3 billion), according to PERILS, the independent Zurich-based catastrophe data provider.
Canopius has created a new set of cyber property products for medium and large corporations to help them manage their silent cyber exposures.
United Insurance Holdings Corp, the property and casualty insurance holding company, has announced an estimated $30 million pre tax loss for Q2 2020.
Hiscox and RKH Reinsurance Brokers have launched a new variable consortium with a maximum line of over $20 million for a wide range of challenging general liability risks such as wildfire, trucking and construction.
Argus Group Holdings has acquired two primary care medical practices, Island Health Services and the Family Practice Group.
XL Insurance (China) Company has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for a reinsurance license.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has awarded a $30,000 scholarship to former CedarBridge Academy student Taiyana Allen.