News relating to the Bermuda and international insurance and reinsurance industry.
Swiss Re to sell ReAssure to Phoenix
Swiss Re has confirmed plans to sell its subsidiary ReAssure Group to Phoenix Group Holdings.
Chubb Bermuda hires former AIG exec as head of excess liability
Chubb Bermuda has recruited a senior executive who has previously worked with Endurance, Ironshore and AIG as senior vice president and head of excess liability.
Lancashire appoints Kershaw as CFO following Whelan’s departure
Lancashire Holdings has appointed Natalie Kershaw as its new group chief financial officer. She will take up her role, and will join the Lancashire Board, with effect from 1 March 2020.
Bermuda’s Catalina to acquire Asia Capital, put it into run off
Bermuda-based legacy re/insurer Catalina Holdings looks set to acquire Asia Capital Reinsurance Group (ACR), which would cease writing business with immediate effect if the deal goes ahead.
Lloyd's launches space risk product with sector analysis
Brit and Hiscox MGA lead consortium backing the product.
Post-merger ops begin for Austral Re and Terra Brasis
Operations at a newly created, major reinsurer in Brazil, formed by the merger of Austral Re and Terra Brasis, began on Monday, December 2, as the business’ new brand was still being developed.
R&Q director steps down to take part-time exec role
Randall & Quilter Investment Holdings (R&Q) director Mark Langridge will step down from his post on December 13, 2019.
Cooper Gay France buys TMK business to expand MGA
Time is right to accelerate MGA development with acquisition, says CEO.
Climate risks highlight value of adaptation projects, finds report
Private sector financing for adaptation to rise, says S&P, as governments struggle to pick up the tab.
Arthur J Gallagher closes in on Capsicum Re acquisition
Arthur J Gallagher, the insurance brokerage, has signed heads of terms with Capsicum Reinsurance Brokers, and wants to ultimately take a 100 percent stake.
