News relating to the Bermuda and international insurance and reinsurance industry.
PartnerRe has made two donations totaling $226,825 to support Bermudians directly or indirectly affected by the coronavirus pandemic.
Luis Delgado has joined Strategic Risk Solutions as vice president for Latin America.
Aspen Insurance Holdings has appointed Theresa Froehlich to its board as a non executive director.
Argus Group will pay a 50 percent rebate to all car, motorcycle and small business customers on their motor insurance policy premiums for April as a result of decreased driving and claims during the shelter-in-place period.
Evertas, a cryptoasset insurance company, has received its licence from the Bermuda Monetary Authority to commence operations in Bermuda as a class 3A insurer.
Enstar Group has agreed to a recapitalisation of StarStone US Holdings, led by SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners.
Prosperity Life Assurance, a newly formed Bermuda based long-term reinsurer, will acquire certain closed-block businesses, including life, annuity and accident and health lines, from National Guardian Life Insurance Company (NGL).
Lancashire Holdings has raised around £277 million through a placement of new common shares.
Capsicum Re has hired Shane Aldons to work in its motor and casualty division.
May was another costly month for insurers, according to Aon’s latest monthly Global Catastrophe Recap report, with several severe weather outbreaks across the US.