News relating to the Bermuda and international insurance and reinsurance industry.
Marsh senior exec joins Starr Insurance Companies
Starr Insurance Companies, a group of insurance companies which operate in the US, Bermuda, UK and Asia Pacific, has appointed Andrew Hopper as head of financial institutions for the UK and Europe.
California bill to allow purchase of ILS products passes Senate
Legislation that would allow the State of California to purchase re/insurance and insurance-linked securities from the private market to cover the increasing costs of wildfires has passed the California State Senate.
RenRe exec joins AXIS Capital as chief information security officer
AXIS Capital has appointed Kelly Lindsey Isikoff as its chief information security officer (CISO), based in New York.
Shareholders elect Argo’s board nominees following Voce feud
The shareholders of Bermuda-based Argo Group have voted to elect all five of the Class III directors put forward by Argo to its board, potentially putting an end to the very public dispute with activist shareholder Voce Capital Management.
Argus Group expands outside Bermuda with Malta deal
Bermuda-based multi-line insurance company Argus Group has agreed to acquire FirstUnited Insurance Brokers, a provider of insurance broking services to individuals and businesses in Malta.
Founding partner of Stone Point Capital joins Everest Re board
Meryl Hartzband, a founding partner of private equity firm Stone Point Capital, has joined Bermuda-based Everest Re’s board of directors.
Lancashire CFO to step down in 2020
Lancashire Holdings’ group chief financial officer Elaine Whelan plans to retire in 2020, and the Bermuda specialty re/insurer is now seeking a replacement.
UK prime minister resignation signals further Brexit uncertainty
UK prime minister Theresa May will resign as leader of the Conservative Party on June 7 and step down as PM once a replacement has been found.
Bermuda seeks insurtech opportunities in Toronto
Bermuda premier David Burt has led a delegation to North American tech conference Collision, held in Toronto, to attract fintech businesses to the island.
Ariel Re welcomes another TMR hire
Ariel Re, a re/insurance underwriting subsidiary of the Argo Group, has appointed Sean Kelly as senior vice president, specialty underwriter, credit and financial products, effective June 10.
