News relating to the Bermuda and international insurance and reinsurance industry.
RenRe Capital Partners hires Aon ILS executive
RenaissanceRe Capital Partners has snared Roger Beach, the former assistant vice-president of Aon’s ILS unit, as a senior analyst.
Enstar, Stone Point complete sale of StarStone to Inigo
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.
SiriusPoint’s Sankaran rings NYSE opening bell to commemorate listing
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 raises $200m in series J share issue
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 returns to profit in 2020 as decision to place portfolios into run-off pays off
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.
COVID has helped re/insurers prepare for climate change: BMA
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 closes in on Davies to finance its ongoing expansion
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 partners with Elpha Secure to offer cyber coverage for small businesses
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 snares former Aon executive to lead Bermuda business
Miller has appointed Charlie Simpson as head of Bermuda.
Celent names AXA XL as Model Insurer of the Year for its Construction Ecosystem
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.
