News relating to the Bermuda and international insurance and reinsurance industry.
A Florida-based subsidiary of Randall & Quilter Investment Holdings, Accredited Surety & Casualty Company, has entered into a new programme partnership with Surround Insurance Agency.
Monument Re has agreed to acquire Charles Taylor Group’s Isle of Man operations, which principally comprises its life insurance company, LCL International Life Assurance Company, and Charles Taylor Holdings (IOM).
Markel Corporation has named Julia Chu as chief risk officer, giving her responsibility for enterprise risk management, capital planning, and ceded reinsurance placements.
BMS Group, the independent specialist re/insurance broker, has appointed Amy Fu to the management team working to build and develop its new operations in Asia.
Hamilton Insurance Group has appointed Aartie Manansingh to lead the development of its mergers and acquisitions division in North America and Latin America.
Lower fiscal revenues and higher public spending will cause Bermuda’s projected budget deficit of $19.8 million to significantly increase, according to Curtis Dickinson, Bermuda’s Minister of Finance.
The Senate Appropriations Committee has adopted amendments to Assembly Bill (AB) 2167 that will see California Insurance Commissioner Ricardo Lara investigate and develop solutions to ensure affordable, accessible insurance for homeowners in wildfire areas.
The Association of Bermuda Insurers and Reinsurers (ABIR) has formed a new ABIR Data and Privacy Taskforce (ADAPT) to help ensure Bermuda meets international requirements regarding the use of personal data.
Everest Re Group will pay a dividend of $1.55 per share on or before September 16, 2020.
Markel Corporation has appointed A. Lynne Puckett to its board of directors and its audit and nominating/corporate governance committees.