News relating to the Bermuda and international insurance and reinsurance industry.
Estimates by catastrophe risk modelling firm AIR Worldwide Industry have put insured losses from Hurricane Michael at $6 billion to $10 billion.
The 2018 Bermuda ILS Convergence 2018 conference was a resounding success, according to ILS Bermuda.
AM Best has affirmed the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Bermuda-based Rembrandt Insurance Company. The outlook of these ratings remains stable.
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has hired Ann Haugh as president of its global markets division, based in London.
ArgoGlobal Assicurazioni, a member of Bermuda-based Argo Group International Holdings, has appointed Marcello Lombardini as distribution and business development director.
Steve Zonca has been appointed as chief executive officer (CEO) of Langhorne Re’s United States-based operating subsidiaries.
More than 50 senior industry representatives will join Bermuda government and regulatory leaders taking part in an Executive Forum in Miami, showcasing the island as a leading finance centre for LatAm and global business.
Losses from Hurricane Michael could be between $2 billion and $4.5 billion, according to CoreLogic estimates.
Hiscox Re & ILS has appointed Liz Breeze as its new chief financial officer (CFO), based in Bermuda.
Catalina Holdings has closed a $700 million equity capital raise and concluded its shareholder restructuring after getting regulatory approvals.