News relating to the Bermuda and international insurance and reinsurance industry.
White Mountains takes minority stake in Elementum Advisors
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 beefs up professional liability group
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 appoints head of fund administration in Bermuda
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.
Pembroke deal to boost Hamilton Re’s underwriting performance: AM Best
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.
SCOR sponsors second UK cat bond Atlas Capital
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 adds $200m to reinsurance tower, renews cat bond
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019.
BMA exec chair to receive captive pioneer Fred Reiss award
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 to close Australia and Lloyd's China offices
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.
Aspen Re appoints new CUO as Isaavi departs for RSG
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 acquires life portfolio from Enstar subsidiary
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.
