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Arch Re’s recent $77.4 million cover for Freddie Mac—the troubled US Federal Home Loan Mortgage Corporation famous for taking a hit in the financial crisis—could signal growing opportunity in US public risk for private Bermuda reinsurance players. 5 December 2013
News
Argo Group has appointed new management within the company’s international specialty segment. 4 December 2013
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The deal will provide M&A clients access to Ironshore’s Lloyd’s syndicate and high ratings combined with Inter Hannover’s balance sheet. 3 December 2013
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Roy Hill, an emerging mining, rail and port venture, is now covered for cyclones and heavy rainfall delaying the construction of what will be the largest single-site iron ore mining operation in Australia. 3 December 2013
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Pembroke Managing Agency Limited has received formal approval to manage Acappella Syndicate 2014. 2 December 2013
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Dr. Bodo Sartorius will join ARIS Title Insurance Corporation, a member of Argo International Holdings, as chief operating officer and senior EU executive. 2 December 2013
News
In his new role Keith Moore, who has been with Aon since 1992, will lead all business development operations in the US. 2 December 2013
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Silverton Re, formed by Aspen Re’s capital markets division to provide additional collateralised capacity to support the reinsurer’s global reinsurance business, will be capitalised at $65 million. 2 December 2013
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The Cayman Islands Stock Exchange has lowered application fees for ILS in response to the lead that it has lost to Bermuda in the space. 2 December 2013
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Rather than concentrating on the competitive dynamic, the industry should be viewing convergence capital as an opportunity to unlock new risks. 2 December 2013
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