News relating to the Bermuda and international insurance and reinsurance industry.
Hiscox has signed up to use CyberCube’s cyber risk analytics platform to generate better insight into potential systemic cyber risk.
The catastrophe bond sector has surpassed $100 billion in cumulative issuance since its inception in 1996, according to Aon Securities.
Helix Underwriting Partners has received all necessary approvals to commence operations and has entered its first agency agreement to underwrite middle market property insurance on behalf of QBE in Bermuda.
Catalina Holdings has appointed Bruce Hemphill and Thomas Sorell as two new non-executive directors (NEDs) to its board.
Liberty Mutual Insurance has appointed Amy Gross as practice leader for private equity and mergers and acquisitions.
Argo Marine, part of Argo Group International Holdings, has launched Contractors Equipment Express, a streamlined rate, quote and bind platform for smaller risks aimed at members of the construction industry such as landscapers, electricians, plumbers, masons and others.
AXIS Insurance has appointed Sam Walsh as senior underwriter and Mat Pifer as an underwriter in its renewables division.
Sompo International Holdings has appointed David Carter as chief underwriting officer and executive vice president of the Sompo global risk solutions (GRS) strategic business unit.
Beazley and RenaissanceRe have teamed up to launch a new reinsurance product providing Beazley with additional catastrophe cover for cyber events. The companies say it is one of the first cyber catastrophe insurance solutions backed by the capital markets.
The Association of Bermuda Insurers and Reinsurers (ABIR) has appointed RenaissanceRe’s Edward Mishambi as chair, and Hamilton Insurance’s Gemma Carreiro as deputy chair, of its policy committee.