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OIL changes its definition for designated named windstorms

Oil Insurance Limited (OIL) has modified the definition it uses to classify designated named windstorms (DNWS), in a move designed to minimise the risk of future named storms that originate outside of the Atlantic Basin becoming classified as DNWS. 29 March 2021

News

Hamilton MGA Americas appoints Secor as head of professional liability

Jamie Secor has been appointed as head of professional liability insurance at Hamilton Managing General Agency Americas (HMGAA), Hamilton Insurance Group’s US MGA. 29 March 2021

News

BILTIR appoints Somerset Re’s CUO to its board of directors

Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Scott Selkirk, the chair of its strategy committee, to its board of directors. 29 March 2021

News

SiriusPoint named as lead sponsor for Bermuda’s Earth Hour 2021

SiriusPoint will be the lead sponsor of Earth Hour 2021 in Bermuda. 26 March 2021

Life

Argo’s board of directors to shrink to nine as two announce their retirement

Kathleen Nealon and John Tonelli will retire from Argo Group International Holdings’ board of directors following its annual general meeting on May 6, 2021. 26 March 2021

News

IGI to pay a dividend in April

International General Insurance Holdings will pay an ordinary common share dividend to shareholders, its board has confirmed. 26 March 2021

Re/insurance

The future looks bright for the long-term sector

The Bermuda Monetary Authority’s regulation and supervision ‘now put the Island toe-to-toe with the best in the world.’ 26 March 2021

News

Aspen appoints Appleby partner to its board as a NED

Aspen Insurance Holdings has appointed Tammy Richardson-Augustus to its board as a non-executive director (NED). 26 March 2021

Life

Mosaic unveils cyber underwriting team to begin writing business from April

Mosaic will begin underwriting cyber insurance globally on April 1, through teams in Chicago and London. 25 March 2021

Life

AXIS Insurance appoints new US A&H lead underwriter

AXIS Insurance has hired Stacey Sutts as lead underwriter for US accident and health (A&H). 25 March 2021

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