News relating to the Bermuda and international insurance and reinsurance industry.
Brit strengthens terrorism coverage in the US
Andrew Umphress has been named as vice president for terrorism at Brit Global Specialty USA (BGSU).
Bermuda captive conference goes virtual
The 2020 Bermuda Captive Conference will be held virtually for the first time this year, amid continued uncertainty about when COVID-19 social distancing measures will be eased.
Liberty Mutual hires Sara Steiner in US casualty treaty role
Liberty Mutual Re (LM Re) has appointed Sara Steiner as vice president and director of assumed reinsurance.
Golden Tree Re receives B+ rating from AM Best
Golden Tree Reinsurance has been awarded a financial strength rating of B+ with a stable outlook by AM Best.
Financial guaranty businesses drives loss for AOG in 2019
The financial guaranty business drove an increased year on year loss for American Overseas Group (AOG) in 2019, despite a healthy increase in property and casualty premiums.
Global Indemnity plans to relocate to the US from Cayman and Bermuda
Global Indemnity will redomesticate its business to the US from its current bases in the Cayman Islands and Bermuda.
CCRIF pays out more than $200,000 to Belize on excess rainfall parametric policy
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid $203,136 to the Government of Belize on its excess rainfall parametric insurance policy, following three days of heavy rains during Tropical Storms Amanda and Cristobal.
Bermuda prepares to end its state of emergency on June 30
Bermuda will end its state of emergency on June 30 as it reopens its economy.
Flood forecasting insurtech Previsico appoints former RMS executive to its board
UK-based flood forecasting insurtech Previsico has appointed Matthew Grant, formerly of RMS, as a board advisor.
ILS needs a buoyant secondary market to thrive - but electronic platforms must come first: Adderley
A secondary market for ILS can only emerge once the broader market fully embraces electronic platforms, according to Brad Adderley, a partner at Appleby in Bermuda.
