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SCOR has sponsored a new catastrophe bond called, Atlas Capital Reinsurance 2020 (ACR), which will provide a multi-year risk transfer capacity of $200 million to protect itself against storms in the US and earthquakes in the US and Canada. 5 May 2020

News

AXIS slumps to Q1 loss but points to improved cost controls

AXIS Capital has reported a significant loss for Q1 2020, with the re/insurer blaming the negative impact of COVID-19 for what it said was otherwise “an excellent quarter”. 5 May 2020

ILS

Peak Re renames its new ILS platform

Peak Reinsurance Company, the Hong Kong-based reinsurer, has completed the 100 percent acquisition of the capital of Lutece Holdings and its subsidiary Lutece Investment Management. 5 May 2020

Life

Everest Re promotes Sharry Tibbitt to deputy CUO for reinsurance

Everest Re Group has promoted Sharry Tibbitt to become deputy chief underwriting officer for the reinsurance division. 4 May 2020

News

Fire fighter tests positive for COVID-19

A member of the Bermuda Fire and Rescue Service (BFRS) has tested positive for COVID-19. 4 May 2020

News

Bermuda opens economic substance declaration portal

The Bermuda Registrar of Companies’ online portal (ESD portal) for filing economic substance declarations is now open. 4 May 2020

Life

MS Amlin welcomes back Grégoire Mauchamp as COO for reinsurance operation

MS Amlin has appointed Grégoire Mauchamp as chief operating officer of its reinsurance operations. 4 May 2020

News

Nasdaq Risk Modelling integrates JBA’s Global Flood Model

JBA Risk Management’s Global Flood Model (GFM) has been made available on the Nasdaq Risk Modelling service. 4 May 2020

Life

PartnerRe appoints Jeffrey Ryan as head of financial risks

PartnerRe has appointed Jeffrey Ryan as head of financial risks, with responsibility for the leadership of the global financial risks team and portfolio. 4 May 2020

Life

Meeting the people

Ed Bermuda received regulatory approval to begin operating in Bermuda in June 2019. As the team builds, Bermuda:Re+ILS finds out a little more about the executives who want to make Ed Bermuda the best broker on the Island. 1 May 2020

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