News relating to the Bermuda and international insurance and reinsurance industry.
RMS unveils new suite of climate models with enhanced predictive analysis
RMS, the catastrophe risk modelling company, will launch a new suite of climate change models to assess the near and long term impacts of climate change.
Former Aspen executive named as CEO at Chord Re
Chord Reinsurance, the specialty reinsurer, has appointed Aspen’s former chief underwriting officer (CUO) as its new chief executive (CEO).
Rendez-Vous de Septembre cancelled for the second year amid ongoing COVID restrictions
The Rendez-Vous de Septembre (RVS), the re/insurance industry’s annual gathering in Monte Carlo September, has been cancelled following weeks of speculation that it might take place in a different format.
AM Best upgrades Athora Life Re as parent benefits from VIVAT acquisition
AM Best has upgraded Athora Life Re’s financial strength rating to A- (excellent) from B++ (good), with a stable outlook.
Integral ILS partners with Amwins and Core Specialty on US property initiative
Integral ILS, the independent Insurance-Linked Securities (ILS) fund manager, has launched a new US property insurance initiative, with risks underwritten by Amwins and policies issued through subsidiaries of Core Specialty Insurance Holdings.
Chubb proposes merger with The Hartford
Chubb has presented The Hartford with a proposal for a merger that it argues will be strategically and financially compelling for both sets of shareholders and other constituencies.
ABIR plants tree to mark former AXIS chair Butt’s 50 years of service to the industry
A group of company executives representing members of the Association of Bermuda Insurers and Reinsurers (ABIR) gathered for a COVID19-compliant, ceremonial tree planting at Hamilton Ferry Terminal to commemorate Michael Butt’s five decades of service to the re/insurance industry.
Assured Guaranty renames its UK business to mark a clearer distinction with its Paris-based operation
Assured Guaranty, the Bermuda-based provider of financial guaranty insurance, has renamed its UK subsidiary to Assured Guaranty UK (AGUK) to mark a clearer distinction between its UK and European operations.
Arch Capital to acquire Westpac’s mortgage insurance business to strengthen its grip on Australian market
Arch Capital Group is set to acquire Westpac Lenders Mortgage Insurance (WLMI), an Australian Prudential Regulation Authority (APRA) authorised captive lenders mortgage insurance (LMI) provider to Westpac.
TigerRisk expands its relationship with RMS to maintain a competitive edge
TigerRisk Partners has expanded its partnership with RMS, the catastrophe risk modelling company, to use additional models and data in a new multiyear agreement.
