News relating to the Bermuda and international insurance and reinsurance industry.
Everest appoints head of international surety
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has appointed Graham Pitt as head of international surety, based in London.
PartnerRe’s P&C unit drives profitable growth in Q1, partially offset by specialty
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.
Bermuda’s first regulatory sandbox license granted to AkinovA
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.
PartnerRe expands reinsurance longevity deal with Manulife
Bermuda-based reinsurer PartnerRe has completed its second reinsurance longevity risk transaction with The Manufacturers Life Insurance Company (Manulife).
Aspen shuffles senior leadership as Bermuda CEO steps down
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 creates life sciences team, appoints head
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 hopeful for blacklist removal on May 17
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).
Recently resigned Third Point Re CEO joins TigerRisk
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.
ISS recommends shareholders vote for Argo board nominees amid Voce feud
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.
Maiden posts $36.6m net loss in Q1 following termination of AmTrust deals
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.
