News relating to the Bermuda and international insurance and reinsurance industry.
The Steering Committee of the EU-US Insurance Dialogue Project has positioned confidentiality, reinsurance and collateral as key issues to address in its high-level work plan for the 2013-2017 period.
Aspen US Insurance has announced the formation of a marine, energy and construction unit, appointing Anthony Caroll as its EVP.
Citizens has used its Bermuda-based SPI to close a new $250 million, three-year capital market risk transfer programme. The deal follows in the footsteps of its record-breaking Everglades Re issuance of last year.
Enstar announced that it has completed the acquisition of the Household Insurance Group Holding Company of HSBC Insurance Company of Delaware.
Improved underwriting results and lower levels of international cat losses helped paint a healthier picture for 2012, although a flat investment environment and US losses took the gloss off what would otherwise have been a good year.
Cheryl Packwood, chief executive officer and deputy chairman of Business Bermuda, announced has her retirement from the organisation.
AIR Worldwide announced the availability of Public Risk Services, a new consulting service available to public sector institutions and stakeholders charged with managing catastrophe risk.
Torus has announced that it has received approval from the UK Financial Services Authority and Lloyd’s to launch a managing agency, Torus Underwriting Management Limited - TUML.
AXIS Capital has appointed Peter Wilson as its president of US insurance division.
The Turkish Catastrophe Insurance Pool (TCIP) has opted to establish a Bermuda-domiciled SPI to host its latest ILS bond, which will provide multi-year coverage for Turkish earthquake risk.