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Axis Re, the subsidiary of re/insurer Axis Capital has been granted a license by the Dubai Financial Services Authority (DFSA) to open a representative office in the Dubai International Financial Centre. 16 December 2015
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Bermuda-based specialty insurer Multi-Strat Holdings has announced that Raymond O’Neill, principle of professional services firm ARC Directors, has been elected to MultiStrat’s board of directors. 16 December 2015
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More than two thirds (68 percent) of European insurance firms think that Solvency II has been “gold plated” in their market as supervisors impose extra last minute requirements, according to the Insurance Europe, the European insurance and reinsurance federation. 15 December 2015
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Aspen Re, the reinsurance segment of Aspen Insurance Holdings, has announced it has renewed Silverton Re for 2016 through its Aspen capital markets division 15 December 2015
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Endurance Specialty Holdings, the Bermuda-based specialty provider of property and casualty (P/C) insurance and reinsurance, and Guidewire Software, a provider of software products to P/C insurers, have announced that Endurance has successfully implemented Guidewire PolicyCenter® as its new underwriting and policy management solution. 14 December 2015
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Trading in the shares of Fosun International, the Chinese conglomerate which owns a number of insurance operations, including Bermuda-based Ironshore, re-commenced today (December 14) at the request of the company. 14 December 2015
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AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Bermuda, Hiscox Insurance Company (Hisco) (United Kingdom), Hiscox Guernsey and Hiscox Insurance Company (HICI) (Chicago, Illinois, USA). 11 December 2015
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Trading in the shares of the parent of Bermuda insurer Ironshore have been suspended after its chairman Guo Guangchang was reported missing. 11 December 2015
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Insurer ACE, which has operations in Bermuda, has announced the future leadership team it intends to appoint for the company’s North America and international risk engineering practices. 10 December 2015
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The Honourable Everard Bob Richards, MP, deputy premier and minister of finance, and Jeremy Cox, the chief executive officer (CEO) of the Bermuda Monetary Authority (BMA), have announced the formation of the Financial Policy Council. 10 December 2015
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