News relating to the Bermuda and international insurance and reinsurance industry.
January renewals sees global re/insurance capital back at pre-pandemic levels: AM Best
The insurance-linked securities (ILS) and traditional reinsurance markets overcame “extraordinary losses in 2020” in the January 2021 renewals, with capital now back to pre-pandemic levels of $485 billion, according to AM Best.
Lancashire prices $400m bond offering
Lancashire Holdings has priced an offering of $400 million in aggregate principal amount of 5.625 percent fixed-rate reset junior subordinated notes due 2041.
The Hartford rejects Chubb’s acquisition offer
The Hartford has rejected a proposed acquisition by Chubb.
COVID-19 rendering traditional approaches to cyber security redundant: CyberCube
The COVID-19 pandemic has rendered some traditional approaches to cyber security redundant, according to Michael Rogers, a retired admiral and a board member of CyberCube, the cyber risk analytics specialist.
Re/insurers commit more than $2m to open source Oasis Loss Modelling Framework
A group of institutions representing the global re/insurance industry is making a sizable investment in the Oasis Loss Modelling Framework and open source standards.
Corant hires stratton to lead its reinsurance business in Bermuda
Corant Global has appointed Kevin Stratton to lead its new reinsurance operation in Bermuda.
World’s first humanitarian cat bond unveiled in Guernsey
Guernsey has unveiled the first humanitarian catastrophe bond.
Hamilton selects Singapore for its first cat bond
Hamilton Insurance Group has elected to issue its first catastrophe bond in Singapore.
AXIS strengthens its cyber and technology team with hires in Bermuda and the US
AXIS Insurance has made two appointments to its global cyber and technology team.
BILTIR appoints Weldon, a former BMA compliance director, as executive director
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed veteran financial services professional Shelby Weldon as executive director, to lead its mission to advocate for Bermuda’s life and annuity industry.
