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Pervasive flooding caused by extensive rain in South Louisiana in the last two weeks has led to major property damage to approximately 60,000 homes and more than 7,364 businesses, as well as 13 deaths, according to AIR Worldwide. 25 August 2016
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Hurricane Gaston, which started as a tropical depression in the mid-Atlantic on August 22, should miss Bermuda entirely, according to the Bermuda Weather Service (BWS). 25 August 2016
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ArgoGlobal, a subsidiary of Argo Group, which is headquartered in Bermuda, has appointed Steve O’Gorman as head of marine. 24 August 2016
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Argo Group’s gross written premiums (GWP) increased by 4.4 percent to $1.08 billion in the first half of 2016, according to its mid-year report. 24 August 2016
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Willis Re has hired the former CEO of global re-specialty in Bermuda at Aon Benfield as its new chief executive of Willis Re Bermuda. 23 August 2016
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2015 saw a 3.5 percent decrease in traditional capital committed to reinsurance, falling $13 billion from the $370 billion at year-end 2014, according to the latest reinsurance market report from Willis Re. 23 August 2016
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Endurance Global Risk Solutions, a Bermuda-based specialty property/casualty provider, has introduced a workers’ compensation product for Global Risk Solutions clients, a line of business that addresses the middle market and large account risk management clients within specific global industry verticals. 23 August 2016
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PartnerRe, the Bermuda-based reinsurer, has appointed Bilge Ogut and Nikhil Srinivasan as non-executive directors to its board. 22 August 2016
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Fitch Ratings has affirmed an insurer financial strength (IFS) rating of A+ to the operating subsidiaries of AXIS Capital, although states several key rating triggers that could lead to a downgrade. 22 August 2016
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AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) of Renaissance Reinsurance (RenRe) and Renaissance Reinsurance of Europe (Dublin, Ireland). The outlook for these ratings remains negative. 22 August 2016
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