News relating to the Bermuda and international insurance and reinsurance industry.
Membership of the Bermuda International Long Term Insurers and Reinsurers (BILTIR), the association representing the long-term insurers and reinsurers in Bermuda, grew by 11 percent in 2019.
Chubb has introduced a new fidelity insurance offering called the financial institution bond for asset managers, designed to help money managers address the unique risks they face.
Assured Guaranty has hired Steven Kahn as senior managing director of structured finance. Kahn leads the group, along with managing director Dan Bevill, who has been part of the structured finance team for 15 years.
AXIS Capital Holdings will redeem 9 million of its 5.50 percent series D preferred shares par value $0.0125 per share, and liquidation preference $25.00 per share, on January 17, 2020.
The Bermuda Financial Policy Council (BFPC) has endorsed Bermuda’s decision to actively engage with the European Union’s code of conduct (business taxation) working group, under the non-cooperative jurisdictions initiative.
Monument Re has acquired a closed book of life business from Curalia OVV, a Belgian mutual insurance company.
Mark Simons has joined Ed in Bermuda as head of business development and production.
Liberty Mutual has named Francis Hyatt as its first chief sustainability officer to enhance its efforts to address environmental, social and governance (ESG) issues, and lead the office of sustainability.
Bermuda has appointed Alexander White as privacy commissioner, a new position established under the Personal Information Protection Act 2016 (PIPA).
International General Insurance Holdings (IGI), the international specialist commercial re/insurer has named Vickie Fox as underwriter for ports and terminals, strengthening the London marine team.