News relating to the Bermuda and international insurance and reinsurance industry.
Davies acquires Texas-based claims management group
Davies Group has acquired The Littleton Group, a Texas-based provider of third party administration and claims adjusting services for insurance carriers, managing general agents, captives and other businesses.
Mosaic begins writing war, terrorism and political violence coverage from London and New York
Mosaic, the specialty insurer with operations in Bermuda, London, the US and Asia, has commenced underwriting war, terrorism and political violence risks globally out of offices in London and New York.
Athene to merge with Apollo, cementing long standing partnership
Apollo and Athene have agreed to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene.
ILS issuance doubles in 2020, perils increasingly diversified: Swiss Re
Over $11.3 billion of insurance linked securities (ILS) were issued in 2020 making it a record year for new issuance, up over 106 percent on the levels seen in 2019, according to Swiss Re’s 34th ILS Market Insights report.
BMS Re snares Conning business development executive
BMS has appointed Ryan Saul as senior vice president at BMS Re.
Bermuda Captive Conference to go ahead as a virtual event in June
The 17th annual Bermuda Captive Conference (BCC) will be held as a virtual event on June 14-15, 2021.
DARAG acquires SunPoint Holdings in Bermuda
DARAG, the legacy acquirer, has acquired SunPoint Holdings in Bermuda, which will be integrated into the business to provide a platform for further expansion.
Hamilton completes RITC transaction with RiverStone
Hamilton Managing Agency (HMA), a wholly-owned subsidiary of Hamilton Insurance Group, has completed a reinsurance-to-close (RITC) transaction of the legacy liabilities of the 2018 and prior years of account of Syndicate 4000 with RiverStone Europe.
AXA XL beefs up specialty, art and specie underwriting in France
AXA XL Insurance has appointed Mathieu de Roquemaurel as underwriting manager for specialty and Daphné de Marolles as underwriting manager for art and specie and private clients for its operations in France.
Hiscox blames COVID-19 for 2020 losses but insists it is optimistic for 2021
Hiscox reported a significant loss for the full year in 2020, which it blamed on the impact of COVID-19, but insisted it is well positioned to capitalise on market opportunities in 2021.
