News relating to the Bermuda and international insurance and reinsurance industry.
Hiscox appoints line underwriter for general liability
Hiscox has appointed Lara Frankovic as line underwriter for general liability.
Wilton Re to acquire Allstate Life Insurance Company of New York
Wilton Re will acquire Allstate Life Insurance Company of New York (ALNY) for $220 million.
Secondary perils account for more than 70% of nat cat losses in 2020: Swiss Re Institute
Secondary peril events accounted for 71 percent of natural catastrophe insured losses in 2020, according to Sigma research conducted by the Swiss Re Institute.
ABIR welcomes three new members from the Class of 2020-21
The Association of Bermuda Insurers and Reinsurers (ABIR) has welcomed Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance as its newest members.
Lancashire prices a supplemental $50m of junior notes
Lancashire Holdings has priced a supplemental offering of $50 million in aggregate principal amount of 5.625 percent fixed-rate reset junior subordinated notes due 2041.
Construction begins on Bermuda College’s re/insurance-backed Career Development Centre
Construction of a state-of-the-art Career Development Centre at Bermuda College has officially commenced.
OIL changes its definition for designated named windstorms
Oil Insurance Limited (OIL) has modified the definition it uses to classify designated named windstorms (DNWS), in a move designed to minimise the risk of future named storms that originate outside of the Atlantic Basin becoming classified as DNWS.
Hamilton MGA Americas appoints Secor as head of professional liability
Jamie Secor has been appointed as head of professional liability insurance at Hamilton Managing General Agency Americas (HMGAA), Hamilton Insurance Group’s US MGA.
BILTIR appoints Somerset Re’s CUO to its board of directors
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Scott Selkirk, the chair of its strategy committee, to its board of directors.
SiriusPoint named as lead sponsor for Bermuda’s Earth Hour 2021
SiriusPoint will be the lead sponsor of Earth Hour 2021 in Bermuda.
