News relating to the Bermuda and international insurance and reinsurance industry.
Markel has hired Trevor Gandy as managing director for talent, diversity and inclusion.
AXA XL has promoted Jason Mandik to head of the Chicago-based US risk management team in the US central zone.
Brady Head has joined Berkshire Hathaway Specialty Insurance (BHSI) as senior vice president and product line officer for D&O liability insurance in North America.
Re/insurers in Bermuda should avoid competing for a finite pool of experienced staff and instead focus on attracting young and relatively junior talent, according to Bill Wharton, head of Argo Insurance, Bermuda.
DARAG Group, the legacy acquirer with operations in Bermuda, has concluded a transaction with a major US retailer to provide finality to its legacy workers compensation liabilities.
Arch Insurance International has appointed Tim Watson as senior underwriter for credit and political risk.
The Bermuda Monetary Authority (BMA) has cancelled the insurance registration of Economic Risk Insurance (ERI), a Class 3 insurer, for breaches of the Insurance Act 1978.
MS Amlin Asia Pacific (MS AAP) has launched a local special purpose reinsurance vehicle in Singapore, Phoenix 1 Re, to provide collateralised capacity to support MS Amlin Syndicate 2001’s Asia reinsurance portfolio through its Singapore based underwriting platform.
Sompo International Holdings has completed the acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises.
Resolution Life Group Holdings, a global manager of in-force life insurance businesses with operations in Bermuda, the UK, the US, Australia and New Zealand, has completed the acquisition of Voya Financial’s individual life in-force business.