News relating to the Bermuda and international insurance and reinsurance industry.
Markel hires Trevor Gandy to drive diversity and inclusion efforts
Markel has hired Trevor Gandy as managing director for talent, diversity and inclusion.
AXA XL makes three promotions in its US risk management team
AXA XL has promoted Jason Mandik to head of the Chicago-based US risk management team in the US central zone.
Brady Head named product line officer for D&O liability insurance at BHSI
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.
Reinsurers should focus on hiring younger staff, says Argo's Wharton
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 completes legacy transaction with US retailer
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 beefs up credit and political risk team with new hire
Arch Insurance International has appointed Tim Watson as senior underwriter for credit and political risk.
BMA cancels registration for Economic Risk Insurance
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 launches Singapore-based ILS vehicle Phoenix 1 Re
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 promises to revolutionise the agriculture industry with DCIS acquisition
Sompo International Holdings has completed the acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises.
Resolution Life acquires Voya's individual life in-force business
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.
