News relating to the Bermuda and international insurance and reinsurance industry.
BMS Re, the independent reinsurance broker, has poached a new executive vice president for its origination team from Guy Carpenter.
Legal & General Re has named a new chief executive officer (CEO) to replace Thomas Olunloyo, L&G Re’s CEO since 2017 who is relocating to the US to join Legal & General America (LGA) as executive vice president and deputy CEO.
Reinsurance rate increases continued for most major lines and territories during the June and July renewal periods, but the market is approaching the top of this cycle as it reaches a state of equilibrium.
Ascot has expanded its US facultative reinsurance capabilities with two new hires.
Tindall Associates (TAI), a provider of reinsurance administration software and services that serves clients in Bermuda and internationally, has launched TAI Treaty, a digital solution for treaty management.
AXIS Insurance is providing a year-long sponsorship for UK-based The Cyber Helpline, a resource that helps individuals impacted by cyber attacks.
Twelve Capital has hired two senior distribution specialists to focus on the UK and Benelux/Nordics markets as it seeks to expand its distribution efforts under its new BaFin licence.
The former president of the Bermuda Insurance Managers Association has announced her retirement.
Horseshoe has strengthened its business development team for ILS in Bermuda with a new hire.
The Saudi Reinsurance Company (Saudi Re) has adopted RMS models and services as it seeks to gain a more comprehensive view of the Asian market.