News relating to the Bermuda and international insurance and reinsurance industry.
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 (RSG) has partnered with Ohio-based insurer and Fortune 100 company Nationwide to create a new reinsurance company based in Bermuda, Geneva Re.
Bermuda-based re/insurer Hamilton Re has appointed Hanni Ali as senior vice president, risk and analytics.
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 (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.
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 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).
Life reinsurer Langhorne Re has appointed Timothy Gasaatura as chief actuary of Langhorne Re Bermuda.
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 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).