News relating to the Bermuda and international insurance and reinsurance industry.
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, 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.
Apollo and Athene have agreed to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene.
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 has appointed Ryan Saul as senior vice president at BMS Re.
The 17th annual Bermuda Captive Conference (BCC) will be held as a virtual event on June 14-15, 2021.
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 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 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 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.