News relating to the Bermuda and international insurance and reinsurance industry.
Athora Holding and NN Group to divide up Vivat’s insurance business
Seven severe convective storms affecting central and eastern parts of the US in May will trigger insurance industry payouts worth billions of dollars, according to Aon, the highest May tally since 2015.
Reinsurers' sentiment is increasingly positive, with underwriters “more willing to push for price increases across business lines,” according to S&P Global.
Aspen Re, the reinsurance segment of Aspen, has appointed Meredith Head as head of North America property catastrophe, effective September 2019.
Validus Re, the Bermuda-based reinsurer acquired by AIG in 2018, has appointed Jeff Clements as CEO.
Athene Holding, a provider of retirement savings products, is planning an opportunistic offering of preference shares to help fund Athene Co-Invest Reinsurance Affiliate (ACRA) – its strategic capital solution.
Motive Partners, a US-based investment company focused on the technology sector, has named Bermuda insurance veteran Stephen Catlin to its Global Advisory Council (GAC).
NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019.
This year’s Atlantic hurricane season will see 14 named storms, according to researchers at Colorado State University (CSU).
Bermuda re/insurers have seen substantial rate increases of 10-30 percent at the June 1 Florida property catastrophe renewals on loss-affected accounts, according to research from Morgan Stanley.