News relating to the Bermuda and international insurance and reinsurance industry.
ERS, the UK-based specialist insurer, is raising $350 million in capital via Abry Partners and Aquiline that will finance its expansion into specialty reinsurance and a new Bermuda-based specialty re/insurance vehicle and an ILS manager.
Arch Insurance International has unveiled a new transport and logistics insurance division and appointed Steve O’Gorman to lead it as head of transport and logistics.
Sompo International Holdings has appointed Marji Guyler-Alaniz as senior vice president of communications, risk and operations for AgriSompo North America.
International General Insurance Holdings (IGI) has reported year on year increases in its profits for both the fourth quarter and full year in 2020 in what its chairman and chief executive officer Wasef Jabsheh called “a successful year for IGI on many levels.”
The Bermuda Monetary Authority (BMA) authorised eight new re/insurance entities in February.
Parametric triggered products such as insurance loss warranties (ILW) are gaining in popularity because of the simple and speedy resolution of payments, according to Joe Scheerer, principal and chief executive officer at Stonybrook Capital.
Pandemics and health, cyber risk, tax and misinformation have been cited as the top challenges for business by PwC’s 24th annual Global CEO Survey.
Aspen Insurance Holdings has entered into three sponsor partnerships as part of its commitment to increasing and promoting cultural awareness, diversity and inclusion across its business.
The Chubb Charitable Foundation has established the Chubb Robert M Hernandez Scholarship for undergraduates studying risk management and insurance (RMI) at Georgia State University's Robinson College of Business.
Gallagher Re has named Andrew Rothseid, a former commercial trial lawyer who served as general counsel of Bermudian and US property and casualty run-off insurers and reinsurers, as partner and head of legacy, a new role.