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Randall & Quilter, a Bermuda-based specialist non-life insurance investor, has almost tripled its profits, which can be attributed to the 15 legacy transactions completed during 2016, as well as further net reserve releases from insurance companies in run-off. 21 April 2017
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M&A insurance claims are becoming more and more frequent, and the larger transaction are carrying greater risk with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 21 April 2017
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XL Catlin has increased its terrorism insurance coverage limits to $250 million in the US. 20 April 2017
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Bermuda-based Global Atlantic Financial Group has hired Sam Barnett as head of sales for the company’s life insurance business. 20 April 2017
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AGER Bermuda Holding, the holding company of Athene Holding’s German Group Companies, has received binding subscriptions for a capital raise that was conducted through a private placement of common equity securities. 19 April 2017
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Hiscox has announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. He takes over from interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative. 19 April 2017
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A delegation of Bermuda government and industry representatives will be highlighting the 35th America’s Cup at next week’s Risk and Insurance Management Society (RIMS) annual conference and exhibition in Philadelphia, Pennsylvania. 19 April 2017
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BF&M, the holding company of the BF&M Insurance Group, has announced that its net income for 2016 was badly hit by the hurricanes that hit the region over the year, but that it still made a profit. 18 April 2017
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American Overseas Group, an insurance holding company incorporated in Bermuda, has announced that Patricia Ryan, executive vice president and general counsel, has resigned effective April 14, 2017 and will be joining the Chicago law firm Johnson & Bell as a partner. 18 April 2017
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AXIS Capital Holdings subsidiary AXIS Re has appointed Michael Leahey as vice president and deputy head of catastrophe underwriting for Europe, Middle East and North Africa (MENA), and Israel. 13 April 2017
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