News relating to the Bermuda and international insurance and reinsurance industry.
Aspen Re reshuffles management team in UK and Asia
Aspen Reinsurance has made a number of appointments in the UK and Asia.
AXA XL’s Construction Ecosystem receives Efma-Accenture innovation award
AXA XL has been handed an innovation in insurance award by the European Financial Management Association (Efma) and Accenture for its Construction Ecosystem.
BILTIR awards $30,000 educational grant to Monument Re intern
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has granted a $30,000 education award to Cyana Burgess.
Hiscox settles business interruption cases not covered by FCA test case
Hiscox Insurance Company and the members of the Hiscox Action Group (HAG) have reached a settlement with relation to business interruption losses suffered following the UK Government’s COVID-19 lockdown between March and July 2020.
Peak Re poaches Swiss Re exec to build business in German-speaking Europe
Peak Reinsurance Company has hired a senior vice president in Europe as it looks to expand its presence in the region.
Ocorian acquires Nordic Trustee as it targets growth in fast-growing regional bond market
Ocorian, the financial services group and provider of fund, corporate, capital markets and private client services, has acquired Nordic Trustee, a provider of trustee and agency services for bonds and direct lending in the Nordic region, from Altor Fund IV.
Hiscox names three UK-based independent NEDs
Specialist global insurer Hiscox has named three new independent non executive directors to its two UK legal entities.
Essent Guaranty secures excess of loss reinsurance via Radnor Re MILN issue
Essent Guaranty, the wholly-owned subsidiary of Essent Group, has obtained $557.9 million of fully collateralised excess of loss reinsurance coverage from Radnor Re 2021-1, the newly formed Bermuda special purpose insurer.
Aon hires new head of complex client strategy to bring new perspective and expand product offering
Aon Resinruance Solutions has named a new leader of complex client strategy.
SiriusPoint provides equity financing and product development for insurtech Roamly
SiriusPoint is one of a group of investors to provide $120 million in equity and debt financing to Outdoorsy, the global online RV rental and outdoor travel marketplace, to support the launch of its insurtech business Roamly.
