News relating to the Bermuda and international insurance and reinsurance industry.
Pool Re forms world's first-ever terrorism cat bond in UK
In a move sure to catch the attention of the Bermuda insurance-linked securities (ILS) market, the world’s first ever catastrophe bond exclusively covering terrorism risk has been issued in the UK.
Brit third-party capital now $440m, renews Bermuda sidecar Versutus
Specialty re/insurer Brit's total managed ILS capacity has expanded to $440 million for 2019, following the completion of its fifth annual renewal of Bermuda sidecar Versutus 2019 Series.
Hiscox reveals primary ILS fund Kiskadee Latitude in 2018 results
Hiscox Re & ILS, has increased its total assets under management in its insurance-linked securities platform Kiskadee Investment Managers to $1.5 billion, and launched a new fund to allow investors to access primary insurance lines.
Skuld reveals Tannock as new managing director in Bermuda
Skuld Mutual Protection and Indemnity Association (Bermuda), a specialist in marine insurance products has appointed Tawana Tannock as managing director.
Argo adds two independent directors Liss and Latham to board
Specialty re/insurer Argo Group has expanded its board with the appointment of two new independent directors, Samuel Liss and Tony Latham.
Typhoon Jebi losses are double previous market estimates, Sirius suggests
Bermuda-based Sirius Group had a particularly challenging end to the year with substantial cat losses, in particular carried over from Typhoon Jebi, which it expects has created a market-wide loss in excess of $10 billion - double the size of previous estimates.
Former CATCo CEOs accuse Markel of formulating plan for dismissal
Former Markel CATCo CEO Anthony Belisle and Bermuda CEO Alissa Fredricks have both filed court cases against Markel for wrongful termination, accusing them of invading their privacy and formulating a plan to create an excuse for their dismissals.
Assets under management in AXA XL's New Ocean hit $1 billion in 2018
New Ocean Capital Management, the ILS fund manager of AXA XL, has increased its assets under management (AUM) to just over $1 billion at year-end 2018, following the the share buyout from AXA XL.
Arch Capital Group reveals new chief risk officer
Arch Capital Group has appointed Janice Englesbe as senior vice president, chief risk officer (CRO).
Former Chubb CUO and 41-year reinsurance vet Bonneau joins PartnerRe board
Bermuda-based re/insurer PartnerRe has appointed Jacques Bonneau to its board of directors.
