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Bermuda praised as as quality jurisdiction in Chicago

Bermuda has been praised as a quality jurisdiction at a series of media interviews, high-level business meeting and networking events in Chicago in the follow up into the weekend’s Louis Vuitton America’s Cup World Series. 13 June 2016

ILS

Horseshoe acquires IKONIC

Horseshoe Group, an independent insurance manager, has acquired a Bermuda-based fund administrator, IKONIC Fund Services, to form an independent fund administrator and insurance manager dedicated to both the insurance linked securities (ILS) and the alternative fund markets. 13 June 2016

News

Iron-Starr to underwrite insurance lines for OCIL

Iron-Starr Excess Agency, a Bermuda-based managing general insurance agency and subsidiary of Ironshore, will be underwriting certain lines of insurance on behalf of Oil Casualty Insurance (OCIL). 10 June 2016

News

Citadel Risk rebrands Cedar Management following acquisition

Bermuda-based niche reinsurer Citadel Risk has finalised its acquisition of consulting firm Cedar Management. 10 June 2016

News

Cyber and reputation amongst most difficult to ensure

Cyber, reputation and lack of innovation are the top priority risks and are amongst the most difficult to insure, according to the annual Airmic member survey. 9 June 2016

News

Ironshore hires AIG exec as CUO of global property

Ironshore has named Shawn Homand as chief underwriting officer (CUO) of global property. 9 June 2016

ILS

XL Catlin creates alternative risk transfer team

XL Catlin’s insurance operations has launched a new team to focus on alternative risk transfer and non-traditional insurance globally. 8 June 2016

News

ArgoGlobal hires Brit exec as contingency underwriter

ArgoGlobal, a Lloyd’s insurer and member of Bermuda-based re/insurance firm Argo, has appointed Rebecca Mitchell as contingency underwriter. 8 June 2016

News

New Bermuda SPI used to issue innovative cat bond

A newly formed Bermuda-based special purpose insurer has been used to issue an innovative new catastrophe bond that will provide protection for a family-owned homeowners insurer based in Florida. 7 June 2016

News

Allied World healthcare appoints SVP as president retires

Allied World has said that Susan Chmieleski, president of Allied World North American Healthcare, will retire from her role, effective June 30, 2016. 7 June 2016

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