News relating to the Bermuda and international insurance and reinsurance industry.
The insurance-linked securities (ILS) and traditional reinsurance markets overcame “extraordinary losses in 2020” in the January 2021 renewals, with capital now back to pre-pandemic levels of $485 billion, according to AM Best.
Lancashire Holdings has priced an offering of $400 million in aggregate principal amount of 5.625 percent fixed-rate reset junior subordinated notes due 2041.
The Hartford has rejected a proposed acquisition by Chubb.
The COVID-19 pandemic has rendered some traditional approaches to cyber security redundant, according to Michael Rogers, a retired admiral and a board member of CyberCube, the cyber risk analytics specialist.
A group of institutions representing the global re/insurance industry is making a sizable investment in the Oasis Loss Modelling Framework and open source standards.
Corant Global has appointed Kevin Stratton to lead its new reinsurance operation in Bermuda.
Guernsey has unveiled the first humanitarian catastrophe bond.
Hamilton Insurance Group has elected to issue its first catastrophe bond in Singapore.
AXIS Insurance has made two appointments to its global cyber and technology team.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed veteran financial services professional Shelby Weldon as executive director, to lead its mission to advocate for Bermuda’s life and annuity industry.