News relating to the Bermuda and international insurance and reinsurance industry.
AXIS Capital Holdings has appointed Anne Melissa Dowling to its board of directors, effective January 1, 2020. Dowling will serve as a member of the audit, corporate governance and nominating, and finance committees.
KPMG has hired Jereme Ramsay as senior manager, markets at KPMG in Bermuda, focusing on business development and marketing.
Chubb has made a $10 million equity investment in the African Trade Insurance Agency (ATI), becoming the first global P&C insurance company with a stake in the African multilateral political risk and credit insurer.
BF&M generated net profit of $12.6 million for the nine months ended September 30, 2019.
Watford Holdings has agreed to acquire Axeria IARD, a French property and casualty insurance company.
Chubb has promoted Ben Rockwell to become vice president of Chubb Group and division president for Chubb Middle Market.
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to Aon’s monthly Global Catastrophe Recap report, with flooding in France, Italy and England resulting in losses estimated in excess of $1 billion.
AmTrust International, the UK and International arm of New York based AmTrust Financial Services, has appointed Tom Maloney as head of claims for AmTrust International Specialty and chief claims officer for AmTrust Europe.
Solid capitalization and constructive pricing contribute to stable picture.
Arch Capital Group has completed its acquisition of Barbican Group Holdings, including Barbican Managing Agency, Lloyd’s Syndicate 1955, Castel Underwriting Agencies (Castel) and other associated entities.