News relating to the Bermuda and international insurance and reinsurance industry.
Hardening pricing conditions are helping reinsurers overcome the challenges around COVID-19, social inflation and exposure to previous catastrophe events, according to AM Best.
Siddhartha Sankaran and Daniel Malloy, the chairman and chief executive officer, respectively, at Third Point Reinsurance, will participate in a fireside chat at the Keefe, Bruyette & Woods Insurance Conference held virtually on September 9, 2020.
Blank Rome has strengthened its DC-based insurance recovery group with the addition of three new attorneys and a paralegal.
Watford Holdings will pay a quarterly dividend on September 30, 2020, to shareholders of record as of September 15, 2020.
AXIS Insurance has partnered with Simply Business, a digital insurance agency, to offer a new product intended for US small business owners who conduct business from their homes.
Fielding "Fid" Norton III, the former chief enterprise risk officer of XL Group, has joined Pricing Platform, an insuretech startup, as founding advisor and chair of the advisory board.
Lockton Companies has appointed Pradip Ghosh as president of Lockton Capital Markets (LCM).
The Bermuda Monetary Authority (BMA) has appointed Gerald Gakundi to the position of director of supervision for insurance.
Chris Schaper has been named as chief executive officer of Validus Re, the Bermuda-based reinsurer that is owned by AIG.
Catastrophe risk modeling firm AIR Worldwide expects Hurricane Laura to cause industry insured losses to onshore property of between $4 billion and $8 billion, resulting from winds and storm surge.