News relating to the Bermuda and international insurance and reinsurance industry.
IGI hires Ian Noble as head of casualty and professional lines
International General Insurance Holdings (IGI) has appointed Ian Noble as head of casualty and professional lines.
Sompo GRS expands its presence in Europe
Sompo Global Risk Solutions (GRS) has formed a new team called Sompo GRS Europe in London to serve the European market through retail brokers.
Enstar acquires Australian portfolios from Munich Re subsidiaries
A wholly owned subsidiary of Enstar Group has acquired a number of portfolios from the Australian branches of Great Lakes Insurance SE and HSB Engineering Insurance.
Arch Re takes control of Precision Marketing Asia Pacific
The Arch Worldwide Reinsurance Group (Arch Re), part of Arch Capital Group, has completed its acquisition of a majority stake in Precision Marketing Asia Pacific (PMAP).
AXIS hires Anna Woolley as a construction underwriter
AXIS Insurance has hired Anna Woolley as a senior underwriter in its international construction team.
Capsicum Re places $78.5m ILN for Arch MI
Capsicum Re has partnered with Arch Mortgage Insurance (Arch MI) to raise and place the first reinsurance capacity for Bellemeade Re 2020-1, a special purpose reinsurer.
Brit transfers its cargo business to Falvey
Will Frohne and Yasu Saegusa have left Brit to join Falvey Cargo as underwriters, as part of a deal that saw Brit Global Specialty USA (BGSU) transfer the renewal rights for its cargo business to Falvey Cargo Underwriting (FGU).
Blue Capital Re to make special distribution to shareholders in July
Blue Capital Reinsurance Holdings will make a special distribution of $0.74 per common share on July 30, 2020, to holders of record as of July 15, 2020.
Bermuda Convergence 2020 to be held as a digital event
ILS Bermuda’s annual Convergence 2020 event has been confirmed as a virtual event.
Assurant finalises its 2020 property cat reinsurance programme
Assurant, a global provider of lifestyle and housing risk management products, has finalised its 2020 property catastrophe reinsurance programme.
