News relating to the Bermuda and international insurance and reinsurance industry.
RenaissanceRe Capital Partners has snared Roger Beach, the former assistant vice-president of Aon’s ILS unit, as a senior analyst.
Enstar Group and Stone Point Capital have completed the sale of StarStone Underwriting, the Lloyd’s managing agency, and its managed Lloyd’s syndicate, 1301, to Inigo, the new specialty re/insurance holding company.
Sid Sankaran, the chief executive officer and chairman of SiriusPoint, the new specialty re/insurance company, rang the opening bell at the New York Stock Exchange on March 16, 2021.
PartnerRe has completed its offering of 8 million shares of its series J 4.875 percent fixed rate non-cumulative redeemable preferred shares for gross proceeds of $200 million.
Maiden returned to profitability in 2020 following the losses of 2019, with the run-off of its reinsurance portfolios contributing to its turnaround for the full year and the final quarter of 2020.
Re/insurers have learned lessons from the COVID-19 pandemic that can be applied when dealing with climate change risks, according to the Bermuda Monetary Authority (BMA).
BC Partners, the international investment firm, has signed an agreement that will see it take a majority stake in Davies, the specialist professional services and technology business that opened a compliance and regulatory advisory business in Bermuda in 2019.
AXIS Insurance has entered into a strategic partnership with Elpha Secure, a cyber security company built for the insurance industry, to provide cyber insurance and software protection to small businesses.
Miller has appointed Charlie Simpson as head of Bermuda.
AXA XL has won the Celent Model Insurer of the Year Award for the development of its Construction Ecosystem, the digital platform and products and services network.