News relating to the Bermuda and international insurance and reinsurance industry.
Aspen Reinsurance has made a number of appointments in the UK and Asia.
AXA XL has been handed an innovation in insurance award by the European Financial Management Association (Efma) and Accenture for its Construction Ecosystem.
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has granted a $30,000 education award to Cyana Burgess.
Hiscox Insurance Company and the members of the Hiscox Action Group (HAG) have reached a settlement with relation to business interruption losses suffered following the UK Government’s COVID-19 lockdown between March and July 2020.
Peak Reinsurance Company has hired a senior vice president in Europe as it looks to expand its presence in the region.
Ocorian, the financial services group and provider of fund, corporate, capital markets and private client services, has acquired Nordic Trustee, a provider of trustee and agency services for bonds and direct lending in the Nordic region, from Altor Fund IV.
Specialist global insurer Hiscox has named three new independent non executive directors to its two UK legal entities.
Essent Guaranty, the wholly-owned subsidiary of Essent Group, has obtained $557.9 million of fully collateralised excess of loss reinsurance coverage from Radnor Re 2021-1, the newly formed Bermuda special purpose insurer.
Aon Resinruance Solutions has named a new leader of complex client strategy.
SiriusPoint is one of a group of investors to provide $120 million in equity and debt financing to Outdoorsy, the global online RV rental and outdoor travel marketplace, to support the launch of its insurtech business Roamly.