News relating to the Bermuda and international insurance and reinsurance industry.
White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an SEC-registered investment advisor focused on managing investment portfolios exposed to natural catastrophe event risk.
Everest Insurance has named three new members to its professional liability group, which provides coverage for architects, engineers, lawyers, accountants and other professions incurring professional liability.
SS&C GlobeOp, a financial technology company serving clientele of ILS funds, reinsurers, and hedge funds, has appointed Ken Mahadeo as head of fund administration for SS&C Fund Services in Bermuda.
Bermuda-based Hamilton Re’s acquisition of Pembroke Managing Agency, which manages Lloyd’s Syndicate 4000, will help gradually increase the reinsurer’s underwriting performance by delivering a new line of business and geographic diversification, according to rating agency AM Best.
French reinsurer SCOR has sponsored its second catastrophe bond under the UK’s insurance-linked securities regime (ILS), which will provide it with up to $250m in cover against named storms in the US, earthquakes in the US and Canada, and windstorms in Europe.
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019.
Jeremy Cox, the executive chair of the Bermuda Monetary Authority (BMA), will receive the fourth Fred Reiss Lifetime Achievement Award at this month’s Bermuda Captive Conference on June 11.
Talbot Underwriting, a subsidiary of AIG (previously Bermuda-based Validus Holdings) is to close its office in Australia and its division in Lloyd's China.
Bermuda-based Aspen Insurance Holdings has appointed Christian Dunleavy as the new chief underwriting officer of its reinsurance business Aspen Re, succeeding Emil Issavi who is leaving the company to join Ryan Specialty Group (RSG).
Monument Re, a Bermuda-based reinsurer established to operate as an asset intensive reinsurer and acquirer principally in Europe, has completed the acquisition of a Belgian run-off portfolio of traditional life and credit life business from Alpha Insurance SA.