News relating to the Bermuda and international insurance and reinsurance industry.
Willis Re places €100m ILS deal for Achmea Re
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 offers enhanced risk evaluation service for North America construction clients
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 prices $1bn senior notes offering
Arch Capital Group has priced an offering of $1 billion aggregate principal amount of 3.635 percent senior notes due 2050.
Nephila prepares to launch Lloyd’s Syndicate 2357
The Lloyd's Council has agreed in principle to Nephila Capital’s plan to form a new syndicate.
Compre to establish presence in Bermuda
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.
HSCM poised to take control of Weston Insurance
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 reports Q1 net loss
BF&M made a net loss in Q1 2020, blaming market volatility for the turnaround.
Cyber attacks less common but more costly: Hiscox
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 hires Scott Mackie in property role
Liberty Mutual Re has named Scott Mackie as director of assumed reinsurance for property.
GeoVera names John Forney as CEO
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.
