News relating to the Bermuda and international insurance and reinsurance industry.
North End Re joins BILTIR
Brookfield life and annuities reinsurance business is the association’s newest member.
Fortitude Re buys PALAC business
$1.5bn purchase for 17% of Prudential’s annuities block
Envelop announces $130mm series B funding
Cyber reinsurance MGA to boost underwriting in London and Bermuda
AIR adds flooding cost to Ida estimate
Could add as much as $5 billion to the total with increased materials and labour costs.
Up to $20bn on insurance bills from Biden tax changes, says think tank
Increases will be passed on and increase coverage gaps, it warns.
Shareholder urges Argo sale
“Lackluster” Lloyd’s and Bermuda holding back strong US specialty business, activist argues.
SiriusPoint partners with online startup insurance broker Vouch
Funding and multi-year underwriting for business driving “disruptive change”.
August catastrophes highlight coverage gap
Billions in uninsured losses, with more action needed across developed and emerging markets.
AXIS boost US renewables team
Three new hires to capitalise on growing industries.
