News relating to the Bermuda and international insurance and reinsurance industry.
Hiscox has appointed Lara Frankovic as line underwriter for general liability.
Wilton Re will acquire Allstate Life Insurance Company of New York (ALNY) for $220 million.
Secondary peril events accounted for 71 percent of natural catastrophe insured losses in 2020, according to Sigma research conducted by the Swiss Re Institute.
The Association of Bermuda Insurers and Reinsurers (ABIR) has welcomed Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance as its newest members.
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 of a state-of-the-art Career Development Centre at Bermuda College has officially commenced.
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.
Jamie Secor has been appointed as head of professional liability insurance at Hamilton Managing General Agency Americas (HMGAA), Hamilton Insurance Group’s US MGA.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Scott Selkirk, the chair of its strategy committee, to its board of directors.
SiriusPoint will be the lead sponsor of Earth Hour 2021 in Bermuda.