News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda-based insurer Lancashire Holdings' AGM will take place on 29 April 2020 12.30pm Bermuda time at its Hamilton head office.
Bermuda-headquartered global property and casualty insurance and reinsurance company Watford Holdings is to pay to holders of record as of March 15, 2020, a quarterly dividend on its 8.5 percent cumulative redeemable preference shares, which trade on Nasdaq under the ticker symbol WTREP.
Blue Capital Reinsurance Holdings will withdraw its common shares from listing on the Bermuda Stock Exchange (BSX) by July 31, 2020.
The Bermuda market is digesting the news that Aon will merge with Willis Towers Watson in an all-stock transaction that has been valued at approximately $80 billion.
Bermuda had 22 people self-monitoring for COVID-19 with public health supervision as of Sunday, according to the Bermuda Ministry of Health.
BMS Group has appointed Sophie Wallace and Dean Andrews as divisional directors of its recently established private equity, M&A and tax division, with Andrews also named head of tax liability insurance.
Extratropical Cyclone Dragi-Eberhard caused an insured property market loss of €782 million, according to Perils, the independent Zurich-based provider of catastrophe insurance data.
AXA XL Insurance has promoted Peter O’Neill to UK head of downstream and power.
Sirius International Insurance Group reported another disappointing year and final quarter of losses for 2019, blaming overwhelming underwriting losses, particularly in property, for undoing the work it has done on its global reorganisation.
John Butler, the head of Cohen & Company’s US insurance asset management platform and global ILS programme, has joined the advisory board at Kovrr.