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Hiscox has responded to speculation that it is considering a capital raise by admitting it could look to raise new equity. 29 April 2020
News
Markel Corporation’s profits collapsed in Q1 as equity market volatility saw the re/insurer suffer severe losses in its investment portfolio. 29 April 2020
News
Liberty Mutual Holding Company expects its COVID-19 related losses to be “similar to those we have experienced for a moderately sized catastrophe loss.” 29 April 2020
News
Randall & Quilter Investment Holdings has raised $100 million of new equity, which will be used primarily to invest in the growth of R&Q’s programme management and legacy businesses. 29 April 2020
News
Argo Group International Holdings’ employees, along with the Argo Foundation, have contributed more than $100,000 to support the COVID-19 Emergency Fund. 29 April 2020
Life
The Bermuda Insurance Regulatory Sandbox and other initiatives are helping to nurture some significant insurtech developments on the Island. Bermuda:Re+ILS explores what needs to happen next to ensure the sector’s success—and what it means for traditional players. 29 April 2020
Re/insurance
In March IGI finalised its business combination agreement with Tiberius Acquisition Corp in a deal that saw IGI become a publicly traded company, listed on Nasdaq, with Bermuda its new domicile. Waleed Jabsheh, IGI’s president, explains its rationale to Bermuda:Re+ILS. 29 April 2020
ILS
In October 2019, Artex Risk Solutions acquired Horseshoe Group in a deal that created the world’s largest ILS service provider. Paul Eaton of Horseshoe, the go-forward brand name for the combined ILS business, speaks to Bermuda:Re+ILS about what this means for clients and the future of the business. 29 April 2020
News
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will provide up to $150,000 in scholarships to Caribbean nationals for the academic year 2020/21. 28 April 2020
Life
Everest Insurance has appointed Yashar Jafari as director in its alternative solutions group, where he leads the newly-formed tax liability underwriting team. 28 April 2020
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