News relating to the Bermuda and international insurance and reinsurance industry.
Sirius downgraded amid concerns about negative shareholder influence
Sirius Bermuda Insurance Company’s financial strength rating has been downgraded by AM Best, to A- (Excellent) from A (Excellent).
Sirius finance committee chair steps down
Raymond Tan, chair of the finance committee at Sirius International Insurance Group, has resigned from the board of directors.
Sompo unveils specialised cover for US commercial real estate
Sompo Global Risk Solutions (GRS) is partnering with Fisher Harris Shapiro (FHS), an independent risk management and insurance consulting firm, to offer specialised protection against covered property perils to US commercial real estate and financial institutions.
Aspen enters adverse development cover reinsurance agreement with Enstar
Aspen Insurance Holdings has entered into an adverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group.
Xceedance launches life insurance and reinsurance practice, and new Liechtenstein office
Xceedance, the Bermuda-based provider of insurance consulting and technology services, has unveiled its life insurance and reinsurance practice.
Chubb strengthens North America claims team
Chubb has named Bill Hazelton as head of Chubb North America claims and Megan Watt as head of North America complex claims, the latter of which is a newly created leadership role.
IGI offers Career Excel to all female employees
International General Insurance Holdings (IGI) will offer Career Excel to every female employee across its five offices in an effort to help them advance their careers.
Everest Re names new CEO for Bermuda business
Sanjoy Mukherjee, the managing director and chief executive officer at Everest Reinsurance Bermuda, will leave his Bermuda role on April 1, to focus on his responsibilities as general counsel and corporate secretary of Everest Re Group.
PartnerRe overcomes difficult final quarter to record full year profits in 2019
PartnerRe overcame a challenging Q4, and the memory of a difficult year in 2018, to record solid profits for the year in 2019.
Hiscox profits slump as third year of heavy cat losses take their toll
Hiscox saw profits slump in its provisional results for 2019, with a third consecutive year of above average natural catastrophes taking its toll on the business. However, the re/insurer avoided making a loss.
