News relating to the Bermuda and international insurance and reinsurance industry.
Willis Re Securities and Willis Re have structured and placed €100 million of insurance-linked securities (ILS) for Achmea Reinsurance Company, the reinsurance arm of Dutch insurance group Achmea.
AXA XL’s North America construction insurance business has added an enhanced risk evaluation resource from TradeTapp, a preconstruction service from Autodesk Construction Cloud's BuildingConnected.
Arch Capital Group has priced an offering of $1 billion aggregate principal amount of 3.635 percent senior notes due 2050.
The Lloyd's Council has agreed in principle to Nephila Capital’s plan to form a new syndicate.
Compre, the independent specialist legacy acquirer, has received approval in principle from the Bermuda Monetary Authority (BMA) to establish a Class 3A reinsurer in Bermuda.
Hudson Structured Capital Management Bermuda (HSCM) is poised to take majority control of Weston Insurance Holdings Corporation (WIHC), the parent of insurance carriers Weston Insurance Company and Anchor Specialty Insurance Company.
BF&M made a net loss in Q1 2020, blaming market volatility for the turnaround.
The number of US businesses that experienced an attack fell this year - but the cost of each individual attack rose, according to the annual Hiscox Cyber Readiness Report 2020.
Liberty Mutual Re has named Scott Mackie as director of assumed reinsurance for property.
GeoVera Insurance Holdings, a provider of specialty residential property insurance, has appointed John Forney as chief executive officer and a member of its board of directors.