News relating to the Bermuda and international insurance and reinsurance industry.
Markel International has appointed Brook Styles as cargo, specie and terrorism underwriter in London.
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 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.
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 has hired Odette Novoa and Erica Delaney as senior underwriters in its environmental insurance team in New York.
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 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 has acquired Cattolica Life DAC, an Irish life insurer, from Cattolica Assicurazioni, the Italian insurer listed on the Milan Stock Exchange.
The National Association of Insurance Commissioners (NAIC) has granted Bermuda reciprocal jurisdiction status, effective January 1, 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.