News relating to the Bermuda and international insurance and reinsurance industry.
AXIS appoints new board member with two set to retire next year
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 hires BDA’s Jereme Ramsay
KPMG has hired Jereme Ramsay as senior manager, markets at KPMG in Bermuda, focusing on business development and marketing.
Chubb takes strategic position in African political risk and credit
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 pleased to be profitable despite Humberto and Dorian
BF&M generated net profit of $12.6 million for the nine months ended September 30, 2019.
Watford acquisition expands its reach in France and the EU
Watford Holdings has agreed to acquire Axeria IARD, a French property and casualty insurance company.
Chubb makes leadership changes in North America
Chubb has promoted Ben Rockwell to become vice president of Chubb Group and division president for Chubb Middle Market.
Extreme weather wreaks havoc in November: Aon
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 strengthens claims team in London
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.
Global P&C insurance 2020 outlook stable but risks remain: Moody’s
Solid capitalization and constructive pricing contribute to stable picture.
Arch completes acquisition of Barbican
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.
