News relating to the Bermuda and international insurance and reinsurance industry.
IGI appoints head of property, political violence and contingency
International General Insurance Holdings (IGI) has hired Richard Foster in London as head of property, political violence and contingency.
Mosaic appoints global head of M&A to spearhead its transactional liability business
William Monat has joined Mosaic as executive vice president and global head of mergers and acquisitions (M&A) to spearhead its transactional liability business globally.
Varney Re becomes the latest member of the growing Class of 2020-21
A family-run insurance agency in Maine has become the latest group to launch a new Bermuda-based reinsurance company, the latest member of the growing class of 2020-21.
Sompo strengthens its strategic distribution and development team
Sompo International Holdings has made a number of hires as it looks to build up its strategic distribution and development team in its international insurance business.
Spiegel “honoured” to become chairman of R&Q as co-founder Randall steps down
Ken Randall has retired as executive chairman of Randall & Quilter Investment Holdings (R&Q), with William Spiegel stepping up to succeed him in the role. Randall has also stepped down as a director of R&Q.
Aspen Insurance reports a loss for 2020, insists improved performance is encouraging
Aspen Insurance Holdings reported a loss for the full year in 2020 but reduced the size of the loss considerably compared to the previous year, insisting that its underlying performance, discounting the impact of COVID, offered signs of encouragement.
Starr unveils Environmental Shield product to help manage increasing compliance challenge
Starr Insurance Companies, which has operations in Bermuda as well as the US, Europe and Asia, has unveiled Environmental Shield, a customised environmental insurance product.
AM Best assigns A rating to Cedar Hamilton citing explicit support from parent Nuclear Electric
AM Best has assigned Cedar Hamilton a financial strength rating (FSR) of A (excellent) with a stable outlook.
Arch MI secures $643m of indemnity reinsurance via its first SOFR-linked Bellemeade Re deal
Arch Mortgage Insurance Company (Arch MI) has secured over $643 million of indemnity reinsurance on a pool representing approximately $38 billion of mortgages from Bellemeade Re 2021-1, a special purpose reinsurer.
Everest hires group chief transformation and shared services leader from Chubb
Everest Re Group has appointed Anne Rocco as senior vice president and group chief transformation and shared services leader.
