News relating to the Bermuda and international insurance and reinsurance industry.
Rates increases drive Hiscox Q1 growth
Against a backdrop of heavy losses Bermuda-based specialist insurer Hiscox has increased its rates on some of its core businesses, including its London Market operations and reinsurance business.
Ryan Specialty Group and Nationwide form Bermuda reinsurer Geneva Re
Ryan Specialty Group (RSG) has partnered with Ohio-based insurer and Fortune 100 company Nationwide to create a new reinsurance company based in Bermuda, Geneva Re.
Hamilton Re appoints SVP, risk & analytics
Bermuda-based re/insurer Hamilton Re has appointed Hanni Ali as senior vice president, risk and analytics.
Chubb senior exec joins AXIS Capital as group chief actuary
AXIS Capital, a Bermuda-based provider of specialty lines insurance and treaty reinsurance, has appointed Tony Jordan as its group chief actuary.
Samsung Fire & Marine invests in Canopius
Samsung Fire & Marine (SFMI), the Korean non-life insurer and part of Samsung Group, has become a significant minority investor in Canopius, specialty re/insurer with underwriting operations in Bermuda, China, Ireland, the Netherlands, Singapore, Switzerland, the UK and US.
Argo details shareholder value in SEC filing amid Voce feud
Bermuda-based re/insurance underwriter Argo Group has filed an investor presentation with the US Securities and Exchange Commission (SEC) that details the company’s “strong track record” and efforts to drive growth and value for shareholders. This has been filed amid an ongoing feud with activist shareholder Voce Capital over an alleged misuse of corporate expenses.
White Mountains appoints EVP, head of M&A
White Mountains Capital, a subsidiary of Bermuda-based financial services company White Mountains Insurance Group, has appointed Frank Bazos as executive vice president, head of mergers and acquisitions (M&A).
AIG Bermuda chief risk officer joins Langhorne Re
Life reinsurer Langhorne Re has appointed Timothy Gasaatura as chief actuary of Langhorne Re Bermuda.
James River cuts back on reinsurance in Q1, focuses on primary lines
Bermuda-based casualty re/insurer James River Group had a profitable first quarter in 2019, and continued to focus on its growth efforts on its two primary insurance segments - excess and surplus lines and specialty admitted insurance, while cutting back on its casualty reinsurance segment.
Fitch upgrades financial strength rating of Athene Life Re
Fitch Ratings has upgraded the insurer financial strength (IFS) ratings of the operating companies of Athene Holding - which includes its Bermuda-based annuity reinsurance subsidiary Athene Life Re - from A- (strong) to A (strong).
