News relating to the Bermuda and international insurance and reinsurance industry.
Three reinsurers—Berkshire Hathaway following in the earlier footsteps of Allied World and Validus— pursue a deal with New York-based Transatlantic Re in what has become an increasingly acrimonious affair.
RenaissanceRe Holdings will pay a quarterly dividend of $0.35 per common share on its common shares.
Aspen Insurance Holdings announced that co-founder Julian Cusack will be stepping down from his position as chief risk officer, effective immediately.
Everest Re Group will pay a dividend of $1.55 per share to its shareholders.
Bermuda formations slowed somewhat in July to eight new registrations, according to statistics from the Bermuda Monetary Authority.
New re/insurer has up to $15 million excess capacity, according to ex AXA XL boss, fresh from Washington talks.
A former Guy Carpenter executive has joined Bermuda based Hamilton Insurance to help the company break into the US market.
Strengthening relationships with brokers is a top priority for AXIS Insurance in 2021, according to Ed Ashby, global head of distribution at the re/insurer.
Markel has agreed to acquire VSC Fire and Security, a provider of comprehensive fire protection, life safety, and low voltage solutions to retailers, commercial campuses, healthcare facilities, and government properties.