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RenRe to issue quarterly dividend at the end of the year

RenaissanceRe Holdings will issue a quarterly dividend of $0.34 per common share on its common shares on December 31, 2019, to shareholders of record on December 13, 2019. 15 November 2019

Life

Allianz reshuffles its management team across its businesses

Joachim Müller has been named as the new CEO of Allianz Global Corporate & Specialty (AGCS). 15 November 2019

News

Maiden reduces its Q3 net loss to $58m

Maiden Holdings made a net loss of $58.3 million in Q3, a considerable year-on-year improvement, with Q3 2018 having seen the company report a loss of $308.8 million. 14 November 2019

Life

State National CEO to retire at the end of the year

Terry Ledbetter will retire as chairman and CEO of State National, a division of Markel that provides specialty property and casualty insurance services in the US, at the end of the year. 14 November 2019

News

BMA opens the door to cannabis industry

The Bermuda Monetary Authority will allow BMA-supervised entities to conduct business with licensed cannabis cultivators, processors or sellers, as long as the business does not constitute criminal conduct in the jurisdiction in which the business takes place. 13 November 2019

Life

Chubb names division president for global markets business

Jason Keen has been named as division president of Chubb Global Markets. 13 November 2019

News

Bermuda eyes dominance in life reinsurance: PwC Insurance Summit

Bermuda could become the leading global centre for life reinsurance, according to Frank (Chip) Gillis, chairman of Athene Life Re. 13 November 2019

Life

Everest hires four in financial lines in the US

Everest Insurance has made four appointments to its financial lines team. 13 November 2019

News

Somerset Re to reinsure fixed indexed annuities for Prudential Financial

Somerset Reinsurance has arranged a business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation (PALAC), a subsidiary of Prudential Financial, that will see it reinsure a quota share of the new fixed indexed annuities PALAC sells. 13 November 2019

News

Reinsurers must build up reserves and expect the worst: Bermuda Reinsurance Conference 2019

Reinsurers need to build larger reserves of capital to protect them in the event that a major catastrophe presents them with losses on a scale they are not prepared for, according to Elyse Greenspan, director of equity research at Wells Fargo. 13 November 2019

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