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Total dedicated capital for reinsurance had dropped to $462 billion at year-end, representing a 5 percent drop overall, although this was partially offset by growth in the alternative capital space, according to Willis Re’s Reinsurance Market Report. 23 April 2019
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Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Palomar Re, the Bermuda-based specialty reinsurer, following its parent Palomar Holdings filing an initial public offering (IPO) on April 17 on the Nasdaq Global Select Market. 23 April 2019
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Everest Insurance, part of Bermuda-based Everest Re Group, has appointed Dawn Gregg as vice president within its risk management division, based in New York. 23 April 2019
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The Bermuda Insurance Institute (BII) has introduced a number of induction seminars aimed at helping young professionals gain a better understanding of the re/insurance industry in Bermuda. 23 April 2019
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Bermuda-based specialty re/insurer Sompo International has appointed Thomas Brazil as CEO of SI Insurance (Europe), the company's platform for European Economic Area (EEA) insurance business. 23 April 2019
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Specialty re/insurer Canopius - which operates in the UK, Ireland, Netherlands, Switzerland, Bermuda, US and Singapore, has signed a deal to merge its Lloyd’s business with AmTrust at Lloyd’s. 18 April 2019
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The chief underwriter officer of Everest Insurance, Mike Mulray, has been approved as chairman of the Workers' Compensation Insurance Rating Bureau of California (WCIRB) governing committee. 18 April 2019
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Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) for BNY Trade Insurance, the Bermuda-based single-parent captive of The Bank of New York Mellon Corporation. 17 April 2019
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A subsidiary of Bermuda-based Enstar Group has agreed to reinsure $0.5 billion in US asbestos and environmental liability insurance portfolios of a subsidiary of Zurich Insurance Group. 17 April 2019
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Everest Insurance Ireland (EIID), the Dublin-based non-life insurance subsidiary of Everest Re Group, has opened a branch office in the UK to expand its international capabilities and service UK clients. 16 April 2019
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