News relating to the Bermuda and international insurance and reinsurance industry.
Willis Towers Watson has appointed Matt Foote as a senior director of science and analytics in its climate and resilience hub in London.
Fidelis Insurance Holdings has raised $300 million in an issue of senior notes.
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 has hired Kirsten van Exel as executive director in its Dutch office, providing reinsurance to the Dutch market.
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 Capital Management, the asset management company focused on the property catastrophe reinsurance and retrocession market, has promoted Andrew Bernstein to chief executive of Aeolus.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has been accepted as a member of the Global Federation of Insurance Associations (GFIA).
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 has appointed Michael Clarke as regional broker distribution leader and Robyn Warke as broker distribution leader in the UK.
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.