News relating to the Bermuda and international insurance and reinsurance industry.
Faxai and Dorian expected to cost RenRe $155m
RenaissanceRe estimates that losses from Q3 2019 catastrophe events will produce a net negative impact of approximately $155 million on its results for that quarter.
Sompo offers cyber policyholders free email security protection
Sompo International Holdings, the specialty provider of property and casualty insurance and reinsurance, is offering all eligible cyber policyholders in the US complimentary cyber risk management services for email security protection.
Syncora to distribute proceeds of sale of subsidiary to investors
Syncora Holdings will distribute 100 percent of the net sale proceeds from its sale of Syncora Guarantee (SGI), its wholly-owned, New York-based financial guarantee insurance subsidiary, to investors.
ACIL elects chairman, officers and board members
The American Council of Life Insurers (ACLI) has elected its chairman, officers and board of directors at its 2019 annual conference.
AXA XL names new UK head of energy
AXA XL Insurance has promoted Peter Welton to UK head of energy.
MS Amlin quits the aviation market
MS Amlin will quit the aviation insurance market, effective from October 14, when it will cease underwriting aviation insurance renewals or new business.
RKH hires two in push to expand aviation business
RKH Specialty has hired Jason Humphreys and Alex Robinson to its specialist aviation team in London.
Combined Insurance makes two senior appointments
Combined Insurance, a Chubb company providing voluntary supplemental accident, disability, health and life insurance products, has appointed Nancy Goodwin as senior vice president and chief underwriting officer.
Markel CATCo portfolio managers to launch new fund with Markel seed capital
Rick Montgomerie and Charlie Vaughan, the portfolio managers for Markel CATCo Investment Management’s Aquilo Fund, are leaving the company to establish a new investment manager and fund, along with Elizabeth Simmons, Aquilo's underwriter.
Convergence: ILS market must broaden its horizons
The ILS market must broaden the risks that it covers, according to Des Potter, managing director at GC Securities.
