News relating to the Bermuda and international insurance and reinsurance industry.
Filip Vandeputte to join AXIS to lead its speciality aviation business in Europe
AXIS Insurance has hired Filip Vandeputte to lead the AXIS specialty Europe aviation re/insurer in continental Europe, Aviabel.
SRS reaches agreement to acquire Dyna Management Services
Strategic Risk Solutions (SRS) will acquire the operations of Dyna Management Services, a Bermuda-based and independently owned insurance management company.
Sarah Ruberry named as CEO of Catalina General
Catalina Holdings Bermuda has appointed Sarah Ruberry as chief executive officer of Catalina General (CatGen), Catalina’s flagship Bermuda-based reinsurer.
Historic US derecho causes $5bn of economic damage in August: Aon
An historic derecho in the US left a multi-billion-dollar insurance pay-out to property and agribusiness owners, contributing to what Aon described as an “impactful month of weather disasters” in August.
Third Point Re reaches agreement with key Sirius investors ahead of potential merger
Third Point Reinsurance has entered into a definitive agreement with the holders of Sirius International Insurance Group’s series B preference shares that will see holders of that paper remain as investors following the closing of Third Point’s proposed merger with Sirius.
Butterfield strengthens risk management with a series of executive appointments
The Bank of N.T. Butterfield & Son has made a number of senior management appointments.
Congresswoman Maloney rallies businesses behind PRIA
Congresswoman Carolyn Maloney, a Democrat from New York and a senior member of the House Financial Services Committee, has reiterated her call for Congress to pass the Pandemic Risk Insurance Act (PRIA).
AXA XL report finds 1% increase in insurance penetration reduces disaster recovery times by 1 year
Every percentage point increase in insurance penetration reduces disaster recovery times by almost 12 months, according to a report by AXA XL and the Centre for Risk Studies (CCRS) at Cambridge Judge Business School.
Brit names Mark Allan as CEO of Ki, the algorithmic Lloyd’s syndicate
Brit has appointed Mark Allan as chief executive officer of Ki, the first fully digital and algorithmically-driven Lloyd’s of London syndicate.
BILTIR makes a series of changes to its board
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has made a number of changes to its board of directors.
