News relating to the Bermuda and international insurance and reinsurance industry.
BMA approves Swiss Re SPI 1863 Re
The formation is part of a strategy by the reinsurer to opens its cat portfolio to investors.
BMA revokes licence of service provider after proprietor declared bankrupt
In all, the regulator identified three breaches of the Corporate Service Business Provider Act 2012.
Oil Casualty secures rating and regulatory boost for new energy unit
OCIL Special can now deliver much needed capacity to energy industry clients in the US.
Arch secures approval for Part VII transfer
The change is necessary because of Brexit.
Bermuda’s Sompo International buys aviation MGU W. Brown & Associates
W. Brown has been a MGU for Sompo International since 2016.
Conduit Re unveils raft of senior hires
Conduit Re holds a Class IV license from the Bermuda Monetary Authority.
Oceanview Reinsurance assumes $1bn of fixed annuity reserves
Oceanview Reinsurance is a Bermuda Class E insurance company.
Bermuda-based Ivy Re partners Global Atlantic in $8.5bn deal with Unum
Ivy Re is a co-investment vehicle formed in April this year.
Bermuda’s Aspida and Ares complete acquisition of F&G
Aspida will enter into a strategic flow reinsurance agreement with F&G.
AXA XL appoints Renato Rodrigues as country manager for Canada
AXA XL has appointed Renato Rodrigues as country manager for Canada. Rodrigues previously led AXA XL’s Latin American insurance business and has also served as country manager for Brazil. He assumes his new duties immediately, taking over from interim country manager, Glen Hopkinson.
