News relating to the Bermuda and international insurance and reinsurance industry.
Allied World Bermuda has purchased and donated wheelchairs from Medical House to healthcare organisations across Bermuda.
XL Group’s reinsurance segment has today announced it will establish operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business.
AXIS Capital Holdings Limited announced today the appointment of David Phillips as executive vice president and chief investment officer, effective April 17, 2014, and will report to Albert Benchimol, president & CEO.
A new report released by Marsh confirms that demand for terrorism insurance remains strong and the existence of the TRIPRA plays a key role in making coverage available and affordable.
Bermuda-based Endurance has appointed Richard Housley as executive vice president and global property insurance lead.
Aspen has come back fighting following unsolicited overtures from Endurance to acquire the company, arguing that its collaborative teamwork-oriented culture is not compatible with Endurance’s centralised, top-down management model.
Ironhealth has strengthened its healthcare professional liability (HPL) coverage by increasing limits to $50 million and expanding the scope of its coverage to include exposures associated with a post healthcare reform environment.
In their ongoing M&A battle, Endurance has accused Aspen’s board of pursuing poison pill tactics in order to fend off Endurance’s overtures.
Companies resisting overtures through the pursuit of poison pill provisions risk destroying value in the company, while exposing themselves to potential shareholder action.
EY has named Pete Cangany as senior partner for its Bermuda operations. He will lead the firm’s insurance operations on the Island.