News relating to the Bermuda and international insurance and reinsurance industry.
AIR estimates Hurricane Michael damage at up to $10bn
Estimates by catastrophe risk modelling firm AIR Worldwide Industry have put insured losses from Hurricane Michael at $6 billion to $10 billion.
ILS Bermuda hails success of 2018 ILS Convergence conference
The 2018 Bermuda ILS Convergence 2018 conference was a resounding success, according to ILS Bermuda.
Rembrandt has ratings affirmed by AM Best
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 appoints global markets president, head of Specialty Re
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 swoops for Willis talent to strengthen broker relationships
ArgoGlobal Assicurazioni, a member of Bermuda-based Argo Group International Holdings, has appointed Marcello Lombardini as distribution and business development director.
New CEO for Langhorne Re’s US subsidiaries
Steve Zonca has been appointed as chief executive officer (CEO) of Langhorne Re’s United States-based operating subsidiaries.
Bermuda the focus for BDA Miami event
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.
Initial Michael losses estimated at $2-4.5 billion
Losses from Hurricane Michael could be between $2 billion and $4.5 billion, according to CoreLogic estimates.
New CFO confirmed at Hiscox Re & ILS
Hiscox Re & ILS has appointed Liz Breeze as its new chief financial officer (CFO), based in Bermuda.
Catalina closes capital raise
Catalina Holdings has closed a $700 million equity capital raise and concluded its shareholder restructuring after getting regulatory approvals.
