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Insurance can pay for mangrove restoration and reduce flooding: AXA XL

Insurance could cost-effectively help protect and restore mangrove forests, according to a report published today by The Nature Conservancy and University of California, Santa Cruz, and supported by AXA XL. 22 October 2020

Life

BMS continues to build up its US facultative business with two hires

BMS Group, the independent specialist re/insurance broker, has hired Denny Miller and Jessica Howard as vice presidents in its US facultative division. 22 October 2020

News

Argo expects to make a $54m nat cat loss in Q3

Argo Group International Holdings expects to report natural catastrophe losses of approximately $54 million for Q3 2020. 22 October 2020

ILS

Kathleen Reardon named as CEO of Hiscox Re & ILS

Hiscox has appointed Kathleen Reardon as chief executive of Hiscox Re & ILS. 21 October 2020

ILS

NMI Holdings prices $242m ILN deal via Oaktown Re V

NMI Holdings has priced a $242 million deal for 10-year mortgage insurance-linked notes, issued by Oaktown Re V, a newly formed Bermuda special-purpose insurer. 21 October 2020

News

AXIS and Kennedys partner up to offer marine cyber insurance

AXIS Insurance and Kennedys Law have partnered up to offer a new AXIS marine cyber insurance product. 21 October 2020

News

Insurtech startup Kettle secures seed funding, sets sights on wildfire reinsurance

Kettle, the insurtech startup that uses advanced deep learning to enhance its reinsurance offering for natural disasters such as California's wildfires, has secured $4.71 million in seed funding. 21 October 2020

News

Chubb Charitable Foundation donates $346,000 to the Rainforest Trust

The Chubb Charitable Foundation has granted $346,000 to Rainforest Trust to support the expansion and protection of one of the largest intact rainforest ecosystems in Southeast Asia. 21 October 2020

News

Watford’s board acknowledges Enstar’s acquisition offer could be superior to Arch’s

Watford Holdings’ board of directors has indicated an offer from Enstar to buy the company could constitute a “superior proposal” to the one that has been accepted from Arch Capital Group. 20 October 2020

News

Essent increases its credit facility, adds option for additional increase

Essent Group, which provides private mortgage insurance for single-family mortgage loans in the US through its subsidiary Essent Guaranty, has amended its credit facility to increase its total size to $625 million, from $500 million. 20 October 2020

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