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An historic derecho in the US left a multi-billion-dollar insurance pay-out to property and agribusiness owners, contributing to what Aon described as an “impactful month of weather disasters” in August. 14 September 2020
News
Third Point Reinsurance has entered into a definitive agreement with the holders of Sirius International Insurance Group’s series B preference shares that will see holders of that paper remain as investors following the closing of Third Point’s proposed merger with Sirius. 11 September 2020
Life
The Bank of N.T. Butterfield & Son has made a number of senior management appointments. 11 September 2020
News
Congresswoman Carolyn Maloney, a Democrat from New York and a senior member of the House Financial Services Committee, has reiterated her call for Congress to pass the Pandemic Risk Insurance Act (PRIA). 11 September 2020
Re/insurance
Konrad Rentrup founded Hannover Re Bermuda and carefully steered the operation for just short of 20 years. Following his retirement in July, he reflects on his proudest achievements during almost two decades at the helm—and the greatest challenges he faced. Bermuda:Re+ILS reports. 10 September 2020
News
Every percentage point increase in insurance penetration reduces disaster recovery times by almost 12 months, according to a report by AXA XL and the Centre for Risk Studies (CCRS) at Cambridge Judge Business School. 10 September 2020
News
Brit has appointed Mark Allan as chief executive officer of Ki, the first fully digital and algorithmically-driven Lloyd’s of London syndicate. 10 September 2020
News
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has made a number of changes to its board of directors. 9 September 2020
Life
Hamilton Insurance Group has named Megan Thomas as chief executive officer of Hamilton Re, Its Bermuda-based re/insurance platform. 9 September 2020
ILS
From super low interest rates to rapid technological innovation, the re/insurance industry faces challenges on all sides. The time is right to create a real secondary market for insurance, Akinova’s Dennis Mahoney tells Bermuda:Re+ILS. 9 September 2020
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