News relating to the Bermuda and international insurance and reinsurance industry.
The Bermuda Monetary Authority has appointed Craig Swan as deputy chief executive officer.
Hanni Ali has been named senior vice president of strategic partnerships at Hamilton Insurance Group, with oversight of the company’s ILS platform, which has also been rebranded.
Global property and casualty re/insurer Watford Holdings has hired Liz Cunningham as chief risk officer.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) is inviting local students to apply for a 10 week summer internship with a member company.
Ray Santiago has been named executive vice president and leader of the US commercial management liability (CML) and financial institutions (FI) teams at Sompo International Holdings.
Peak Re, the Hong Kong-based reinsurer, has increased capacity in Lion Rock Re II, its reinsurance sidecar that follows up Asia’s first sidecar transaction last year.
Mike Karmilowicz has been named executive vice president of Everest Insurance and president of Everest Insurance’s property and casualty business in North America.
RenaissanceRe has priced an underwritten secondary public offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance (TMNFI).
Athene Holding has reached approximately $6 billion in total pension risk transfer (PRT) transactions for 2019, more than twice the volume transacted in 2018.
Commercial insurers operating in Bermuda reported affirmative cyber risk gross written premium of approximately $2.1 billion in 2018, according to the Bermuda Monetary Authority in its annual cyber underwriting report.