News relating to the Bermuda and international insurance and reinsurance industry.
Qatar Re CEO Saacke to leave company
Qatar Re's Gunther Saacke will step down from his role as CEO and executive director of the Bermuda reinsurer at the company's next board meeting, scheduled for March.
Bermuda rates could increase mid-2019 from ILS capacity pullback: Fitch
Sizeable increases in retrocession rates driven by a decreased demand in the insurance-linked securities (ILS) market could indicate that reinsurance pricing in Bermuda may regain momentum in mid-219 when accounts that had a greater catastrophe loss impact are up for renewal.
Convergence 2.0: Bermuda and the ILS market
2018 saw the insurance-linked securities (ILS) market hit new heights in terms of issuance and interest, and no-where was this more obvious in the success of ILS Bermuda’s Convergence 2018 event.
Everest expands life sciences coverages
Everest Insurance, part of Bermuda-based Everest Re Group, has expanded its life sciences product to include property, commercial auto, and workers compensation.
Lancashire names CEO of Cathedral Underwriting
Bermuda-based insurance company Lancashire Holdings has appointed Emily Woolley as CEO of Cathedral Underwriting (CUL), its Lloyd's managing agent for Syndicates 2010 and 3010.
Marsh ILS leader joins GC Securities as SVP
GC Securities, the ILS unit of Guy Carpenter, has appointed Brendan Roche as senior vice president.
Argo seeks growth in US through Lloyd's agreement
ArgoGlobal, the Lloyd's syndicate and subsidiary of Argo Group, plans to expand the company's footprint in North America through an agreement with Waypoint Underwriting Management that has now received approval from Lloyd's.
Bermuda life reinsurer Athora Re receives AM Best rating
Ratings agency AM Best has assigned a financial strength rating of B++ (Good) to Bermuda-based life reinsurer Athora Re.
Conyers director steps down from Sanders Re board
Conyers Dill & Pearman director David Doyle has resigned from his position on the board of Bermuda-based special purpose insurer Sanders Re.
Bermuda $300bn life & annuity sector gained 11 re/insurers in 2018
Bermuda licensed 11 new life re/insurers by November 2018, with more expected in statistics for December and Q1 2019, according to statistics from the Bermuda Business Development Agency (BDA).
