News relating to the Bermuda and international insurance and reinsurance industry.
Cargo, specie and terrorism underwriter returns to Markel
Markel International has appointed Brook Styles as cargo, specie and terrorism underwriter in London.
Apollo and Athene complete acquisition of parts of PK AirFinance
Apollo Global Management and Athene Holding have closed their acquisition of aviation lending business PK AirFinance from GECAS, GE Capital’s aviation services unit.
Five Argo board members to step down
Five members of Argo Group’s board will retire at the 2020 annual general meeting of shareholders (AGM), with the AGM also brought forward to “as early as March,” having been originally scheduled for May.
Convex, Convex Re awarded A- ratings from S&P
Bermuda-based Convex Re and UK-based Convex Insurance have both been awarded financial strength ratings of A- with a stable outlook from S&P Global Ratings.
AXA XL strengthens environmental underwriting team in New York
AXA XL has hired Odette Novoa and Erica Delaney as senior underwriters in its environmental insurance team in New York.
AXA XL and Slice enhance Microsoft’s cyber coverage
AXA XL has partnered with Slice Labs, the on-demand insurance cloud technology provider, and Microsoft, to improve cyber health and mitigate risks for some Microsoft customers.
Chubb urges US Congress to pass USMCA
Chubb has urged the US Congress to pass the United States-Mexico-Canada Agreement (USMCA), which it said “will preserve and enhance the important trading relationships that underlie prosperity and the free flow of goods and services across North America.”
Monument Re acquires Cattolica Life
Monument Re has acquired Cattolica Life DAC, an Irish life insurer, from Cattolica Assicurazioni, the Italian insurer listed on the Milan Stock Exchange.
NAIC grants Bermuda reciprocal jurisdiction status
The National Association of Insurance Commissioners (NAIC) has granted Bermuda reciprocal jurisdiction status, effective January 1, 2020.
Tremor expects to triple its volume in 2020
Tremor, the programmatic marketplace for re/insurance risk transfer, is predicting it will triple its volume in 2020, having now exceeded $2 billion in reinsurer quotes.
