News relating to the Bermuda and international insurance and reinsurance industry.
Goldman Sachs has sold a majority stake in Global Atlantic, formerly known as Goldman Sachs Reinsurance Group, to high net worth clients and institutions. Goldman Sachs retains a minority stake in the company.
American Coastal Insurance is the latest first-time sponsor to issue a cat bond into the market through its Bermuda SPI, Armor Re.
The Bermuda Stock Exchange (BSX) announced this week that it is now powered by NASDAQ OMX Group’s X-stream trading platform.
Kane has announced the formation of Kane LPI Solutions as fund administrator for the company’s life, pension and investment (LPI) administration activities.
Bermuda-based insurance asset manager, Pillar Capital has announced the appointment of Bermudian Jeff Franklin as senior vice president and portfolio manager.
Marsh’s 2013 Terrorism Risk Insurance Report has found that take-up of terrorism coverage remains buoyant in the US despite limited attacks since September 11th, with around 60 percent of firms continuing to purchase such coverage.
Aspen is the latest player to join the push into the third party capital space, with the formation of Aspen Capital Markets.
Markel has received final regulatory and shareholder approval for its acquisition of Alterra, with the company promising a seamless transition for clients and brokers.
Michael Smith will be re-joining Endurance Specialty Holdings as CEO of ARMtech Insurance Services, a wholly-owned Endurance subsidiary writing crop insurance, effective immediately.
Cat modelling firm, AIR Worldwide announced the availability of real-time climate risk analytics, a service providing a real-time view of risk specific to a unique set of assets.