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PartnerRe has completed its offering of 8 million shares of its series J 4.875 percent fixed rate non-cumulative redeemable preferred shares for gross proceeds of $200 million. 16 March 2021
News
Maiden returned to profitability in 2020 following the losses of 2019, with the run-off of its reinsurance portfolios contributing to its turnaround for the full year and the final quarter of 2020. 16 March 2021
News
Re/insurers have learned lessons from the COVID-19 pandemic that can be applied when dealing with climate change risks, according to the Bermuda Monetary Authority (BMA). 16 March 2021
News
BC Partners, the international investment firm, has signed an agreement that will see it take a majority stake in Davies, the specialist professional services and technology business that opened a compliance and regulatory advisory business in Bermuda in 2019. 16 March 2021
News
AXIS Insurance has entered into a strategic partnership with Elpha Secure, a cyber security company built for the insurance industry, to provide cyber insurance and software protection to small businesses. 15 March 2021
Life
COVID-19 and cat events in 2020 led to a divergence in the way reinsurers approached the 1/1 renewals, as Peter Gadeke, executive vice president at Willis Re Bermuda, explained to Bermuda:Re+ILS. 15 March 2021
ILS
Miller has appointed Charlie Simpson as head of Bermuda. 15 March 2021
News
AXA XL has won the Celent Model Insurer of the Year Award for the development of its Construction Ecosystem, the digital platform and products and services network. 15 March 2021
ILS
ERS, the UK-based specialist insurer, is raising $350 million in capital via Abry Partners and Aquiline that will finance its expansion into specialty reinsurance and a new Bermuda-based specialty re/insurance vehicle and an ILS manager. 15 March 2021
Life
Arch Insurance International has unveiled a new transport and logistics insurance division and appointed Steve O’Gorman to lead it as head of transport and logistics. 15 March 2021
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