News relating to the Bermuda and international insurance and reinsurance industry.
ABIR members exceed $100bn in gross written premium
The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2018 global underwriting results for its member re/insurers reporting record.
Global natural disaster losses down on long term average in H1
Overall global losses related to natural disasters were lower than the long-term average for the period in H1 2019, according to Munich Re, despite many regions seeing particularly savage natural disasters.
Markel names head of cyber team in London
Markel International, the specialist insurer, has appointed Chris Burgess as head of its cyber team in London.
AXA XL beefs up its London reinsurance team
AXA XL has made three senior appointments to its London reinsurance team.
Aspen employees give time to charitable causes in Bermuda
Volunteers from Aspen's Bermuda office have spent a week have spent a week donating their time in a series of community projects and charitable events.
Sompo teams up with VGM to service golf courses
Sompo Global Risk Solutions (SGRS) has entered into a strategic partnership with VGM Insurance and Financial Solutions (VGM) to offer its insurance products and services to golf courses and country clubs in the US.
Prior accident year losses will weigh on Q2 results, warns Argo
Argo Group International Holdings’ Q2 results will be negatively impacted by prior accident year losses of approximately $22.5 million, or 5.2 points on its consolidated loss ratio for Q2, the company has warned.
Bermuda prepares for economic substance monitoring assessment in December
The OECD’s forum on harmful tax practices (FHTP) has formally approved Bermuda’s economic substance legislative framework, Curt Dickinson, Bermuda’s minister of finance, told the house on Friday.
Property and casualty drives PartnerRe net income increases in Q2
PartnerRe significantly increased its net income in Q2 2019 compared to the same period last year, largely driven by its non life business, and in particular a successful quarter for its property and casualty business.
Kuvare makes third US life acquisition since 2016
Guaranty Income Life Insurance Company (GILI), an affiliate of Kuvare US Holdings, will acquire Lincoln Benefit Life Company and its affiliates (LBL), subsidiaries of Bermuda-based RL.
