News relating to the Bermuda and international insurance and reinsurance industry.
DARAG Bermuda concludes novation agreement with Cayman reinsurer
DARAG Bermuda has concluded a novation agreement with an unnamed Cayman reinsurer to provide finality for its US liability books.
Sompo partners with InVivo as it pushes into French agriculture market
Sompo International Holdings has entered into a strategic broking relationship with InVivo Group to enhance its global agriculture platform, AgriSompo.
Global Indemnity completes redomestication from Bermuda and Cayman to the US
Global Indemnity Group has completed the redomestication of Global Indemnity and its Bermuda subsidiary, Global Indemnity Reinsurance Company (GI Bermuda), to the US.
Everest expands its suite of products for clients dealing with challenges of COVID-19
Everest Insurance has expanded its suite of COVID-19 resources and technology tools for clients and their customers through Global Institutional Solutions (GIS) and the workplace safety platform ZERO.
StarStone US snares Alison Oliphant for its new E&S property division
StarStone US, which is owned by Bermuda-based Enstar, has named Alison Oliphant as president of its newly-formed excess and surplus (E&S) property division.
Severe losses creating retro market dislocations: AM Best
The retrocession (retro) segment has been particularly badly affected by severe losses from catastrophe events in recent years, and the resulting trapped capital, according to a new report by AM Best.
Bermuda Government raises $1.35bn in BSX bond issue
The Bermuda Stock Exchange (BSX) has listed senior notes totaling $1.35 billion for the Government of Bermuda.
Ed hires John Head to strengthen its cyber offering
Ed, the global reinsurance, wholesale and specialty broker, has appointed John Head as a broker and producer to support the growth of its professional and executive risk portfolio and strengthen its cyber offering.
AXIS partners with AllDigital Specialty to expand in the US small company management liability market
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has partnered with AllDigital Specialty, an MGA, to develop and launch a new insurance platform for the underserved US small private company management liability market.
Fidelis pushes into contingency and fine art markets with two underwriting hires
Fidelis Underwriting has appointed Emily Clapham and Stacey Munton as underwriters in the contingency and fine art and specie markets, respectively.
