News relating to the Bermuda and international insurance and reinsurance industry.
Further M&A might be ahead claims S&P
Global reinsurers could see more consolidation, according to a new report from Standard & Poor’s (S&P).
Broker Tysers launches Bermuda affiliate
London-based wholesale broker Tysers has launched a Bermuda-based affiliate, named Tysers Bermuda.
Maiden reports Q2 2019 loss
Maiden Holdings has reported a second quarter 2019 net loss of $15.4 million, up on the net loss of $5.9 million it reported for the second quarter of 2018.
Aon advises HSBC Bermuda on longevity swap
Aon has announced that it advised HSBC in Bermuda on a £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), in what Aon claims was the second-largest ever deal of its type.
BMA and NAIC discuss regulatory issues in New York
The Bermuda Monetary Authority (BMA) and National Association of Insurance Commissioners (NAIC) have announced that they discussed issues of mutual regulatory interest in New York last week.
Argo agrees to cut board numbers and how they are paid
Argo Group has introduced a number of changes to the way board members are elected and how they are paid.
Typhoon Jebi loss creep hits Q2 results at Sirius
Sirius International’s second quarter results were hit by prior year loss reserves relating to Typhoon Jebi but it continued to enjoy steady growth and said its underlying business is performing well.
ILS markets shrinks in Q2: Willis Re report
The insurance-linked securities (ILS) market decreased in size in the second quarter of 2019 partly because loss creep from prior year catastrophe events has dented investor confidence.
Everest Re reveals successor for CEO Addesso
Everest Re Group has named the successor to its existing CEO who will start from the start of 2020.
Hiscox boosts reinsurance and ILS teams in London, Bermuda
Hiscox has boosted its reinsurance and insurance-linked securities (ILS) teams with several appointments.
