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A global authority on captives and, specifically, protected cell companies (PCC), has unearthed a previously relatively unknown court ruling that might help add to the industry’s understanding of how PCCs operate and their status in the courts. 27 January 2016
News
Consolidation in the Bermuda insurance market will continue in 2016, albeit at a slightly slower pace than 2015, according to a new Fitch Ratings report. 27 January 2016
News
The Bermuda Monetary Authority (BMA) has appointed Dr Marcelo Ramella, deputy director, policy and research, as chair of the International Association of Insurance Supervisors’ (IAIS) Reinsurance Task Force. 27 January 2016
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PartnerRe has named Chairatch Phrompechrut as head of strategic ventures. 26 January 2016
News
Bermuda-based insurer Ironshore has named Ronald Gleason as its new global energy industry practice leader. 26 January 2016
ILS
Non-life insurance-linked securities (ILS) capital hit a new high in 2015 due to re/insurer interest, according to a new report by global advisory, broking and solutions company, Willis Towers Watson. 25 January 2016
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AXIS Healthcare, the division of Bermuda-based AXIS Insurance which provides professional liability insurance for physician groups, hospitals and allied healthcare facilities, has launched a new medical catastrophe (contagion) business interruption product for hospitals in the US and Canada. 25 January 2016
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Bermuda-based Aspen Insurance Holdings has acquired AgriLogic Insurance Services, a specialist US crop business. 22 January 2016
News
ArgoGlobal, the Lloyd’s insurer and member of Bermuda-based Argo Group, has appointed Joanne Allen as underwriter - North American binding authorities and mortgage impairment / real estate owned. 22 January 2016
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Bermuda-domiciled Qatar Insurance Company (QIC) has reported an increase in its profits last year, which it says was driven by its continued geographical expansion and successful diversification of the firm into new markets and lines of business. 21 January 2016
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