News relating to the Bermuda and international insurance and reinsurance industry.
Willis Towers Watson appoints Matt Foote to its climate and resilience hub
Willis Towers Watson has appointed Matt Foote as a senior director of science and analytics in its climate and resilience hub in London.
Fidelis raises $300m in debt issue
Fidelis Insurance Holdings has raised $300 million in an issue of senior notes.
Insurers show resilience in BMA-PRA stress tests
Insurers have displayed good resilience in a stress test conducted by the Bermuda Monetary Authority (BMA) and the UK’s Prudential Regulatory Authority (PRA).
Willis Re hires Kirsten van Exel to strengthen Dutch offering
Willis Re has hired Kirsten van Exel as executive director in its Dutch office, providing reinsurance to the Dutch market.
Athene enters deal to reinsure Jackson annuities
Athene Holding has entered into a fixed annuity block reinsurance transaction with Jackson National Life Insurance, a provider of retirement products and a subsidiary of Prudential.
Aeolus restructures its management team
Aeolus Capital Management, the asset management company focused on the property catastrophe reinsurance and retrocession market, has promoted Andrew Bernstein to chief executive of Aeolus.
GFIA welcomes BILTIR as its its newest member
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has been accepted as a member of the Global Federation of Insurance Associations (GFIA).
Argus reports 2020 earnings in line with previous year
Argus Group Holdings has reported net earnings of $14.2 million for the 2020 financial year, the same figure it reported in 2019.
AXA XL strengthens UK broker distribution team
AXA XL has appointed Michael Clarke as regional broker distribution leader and Robyn Warke as broker distribution leader in the UK.
Bermuda plans bond issue to refinance and extend COVID-19 support measures
Bermuda is planning a long-term government bond issue to refinance facilities designed to support businesses and communities throughout the COVID-19 pandemic, such as its $170 million credit line for local financial institutions.
