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Eight Lloyd’s syndicates have committed $400 million towards solutions to address natural catastrophe risks in emerging and developing economies. 27 November 2015
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Insurance associations from the European Union, the UK and Bermuda have praised the European Commission’s action to find Bermuda and the Bermuda Monetary Authority (BMA) as fully equivalent for all regulatory purposes under the European Union’s Solvency II regulatory and supervisory system for insurers which takes effect on 1 Jan, 2016. 26 November 2015
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Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, has appointed two senior underwriters to lead the syndicate’s planned product diversification. 26 November 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 the pooled members of Western World Insurance. 26 November 2015
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JLT Re has announced that Nick Duffin, is transferring from the firm’s London office to join JLT Bermuda as a partner. 25 November 2015
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Legal firm Appleby has appointed Tim Faries as Bermuda managing partner, taking over from Kiernan Bell who has completed her term of office. 25 November 2015
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Insurer ACE, which has operations in Bermuda, has appointed Julian Hudson as head of trade credit, ACE global markets. 25 November 2015
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Insurer ACE, which has operations in Bermuda, has revealed the leadership team it intends to appoint for the European Group of the new Chubb Group’s overseas general insurance division. 24 November 2015
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US rating firm AM Best has maintained the under review with negative implications status of the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” of property and casualty insurer Ironshore and its affiliated operating companies. 24 November 2015
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Investment company Fosun International has announced it has completed the acquisition of the remaining 80 percent equity interest in insurer Ironshore. 23 November 2015
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