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The re/insurance sector remains ripe for further consolidation, driven by a search for economies of scale at one end of the spectrum and the desire to innovate and embrace technology at the other, James Ferris of PwC tells Bermuda:Re+ILS. 1 May 2020
Life
AXA XL’s North America construction team has named Joe DiRubbo as underwriting manager for builders risk, and promoted Kevin Furlow to lead construction property risk engineering, as it realigns the business around specific product segments. 1 May 2020
News
Markel Corporation will live stream its 2020 annual meeting of shareholders via its website from 4:30 pm EDT on May 11. 1 May 2020
Life
Catalina Holdings has snared Derrick Irby as its new group chief financial officer. 1 May 2020
ILS
Blue Capital Reinsurance Holdings reported net assets in liquidation declined $54.6 million in Q1, largely driven by the special distribution to shareholders of $52.8 million on March 30. 1 May 2020
News
Arch Capital Group has promised to make $1 million in corporate donations, and will double its employee giving match for charitable contributions, meaning for every dollar given by an employee, Arch will give two more. 1 May 2020
Life
Everest Re Group has appointed Stephanie Merkel as vice president of marketing and communications. 30 April 2020
News
James River Group Holdings has reported a net loss for Q1 2020 that it said was driven by market volatility, primarily affecting its $202.9 million senior secured bank loan portfolio. 30 April 2020
News
Argo Group International Holdings expects to report pre-tax net realised and unrealised investment losses of $162 million in Q1 2020, principally due to the impact of volatility on its investment portfolio. 30 April 2020
News
Lancashire Holdings has estimated it will see COVID-19 claims of approximately $35 million in Q1 2020, predominantly in its property segment, including the impact of reinsurance and reinstatement premiums. 30 April 2020
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