News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda-based, Aurigen Capital has moved to acquire Brokers National Assurance Company from Ameritas Life Insurance as it develops its presence in the US life reinsurance market.
The board of Bermuda-based, American Safety Insurance Holdings, has indicated that the company is exploring “strategic alternatives, including a potential sale of the company”.
Argo Group announced that Kevin Rehnberg has been appointed president of Argo Group US.
The UK Financial Services Authority has turned its attentions to the insurance industry, with the number of intensive on-site ARROW visits rising markedly in 2012, with close scrutiny continuing this year.
Aon Risk Solutions has signed a co-insurance deal with Berkshire Hathaway that will enable the broker to extend Berkshire Hathaway capacity to Lloyd’s clients, challenging traditional reinsurers.
The BMA announced this week that the Hon. Gerald Simons, former CEO of Argus Insurance, has taken over from Alan Cossar as the chairman of the Bermuda Monetary Authority’s (BMA) Board of Directors.
Kalista Global is pursuing an approach that values innovation in the ILS space rather than competing over market share, says its CEO Spencer Conway.
The ACE Group has announced Chris Maleno as the new president of its US division.
Bermuda-based MS Frontier has appointed Toshiya Naito as its new CEO and president, a move that will be effective from 1 April this year, following changes to the company structure.
Endurance has brought in 30-year insurance veteran, Sophia Phillips to establish a new inland marine insurance unit.