News relating to the Bermuda and international insurance and reinsurance industry.
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has appointed Graham Pitt as head of international surety, based in London.
Bermuda reinsurer PartnerRe had a profitable first quarter in 2019, driven by solid performance in its property catastrophe book and in Europe, partially offset by its specialty unit’s performance which was impacted by mid-size loss activity and adverse prior year reserve development.
The Bermuda Monetary Authority (BMA) has granted its first insurance regulatory sandbox license to insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks.
Bermuda-based reinsurer PartnerRe has completed its second reinsurance longevity risk transaction with The Manufacturers Life Insurance Company (Manulife).
Aspen Insurance Holdings has shuffled its executive leadership team as part of a revised operational strategy under Apollo Global Management’s ownership, which includes the appointment of Christian Dunleavy as CEO of Aspen Bermuda.
Sompo Global Risk Solutions, a subsidiary of Sompo International offering multi-line capabilities targeted at select industries, has created a team offering insurance solutions for life sciences, and appointed Todd Lauer as senior vice president and head of the team.
Bermuda has a chance of being removed from the European Union's list of non-cooperative jurisdictions in tax matters - also known as the blacklist - as early as May 17, following a meeting by EU Finance Ministers (ECOFIN).
The former CEO and co-founder of Bermuda reinsurer Third Point Re, Robert Bredahl, has been appointed as president and chief operating officer at TigerRisk Partners, only the week after he had resigned.
Institutional Shareholder Services (ISS), an independent proxy advisory firm, has recommended that Argo Group shareholders vote against board nominations put forward by 5.6 percent shareholder Voce Capital Management amid an ongoing dispute about Argo's corporate expenses.
Bermuda reinsurer Maiden Holdings had a challenging start to 2019 following the termination of quota share contracts with AmTrust Reinsurance and the non-renewal of certain large European deals.