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Bermuda-based Fidelis Insurance has announced that Neil McConachie will be stepping down as group chief financial officer in January 2018. 13 January 2017
News
A new report by AM Best claims that the professional liability sector of the property/casualty (P/C) insurance market remained dynamic through the end of 2016, with financial markets, economic, legal, and labour trends, in addition to social media concerns, among the numerous factors influencing the sector. 12 January 2017
News
Bermuda-based Enstar Group has announced that one of its wholly owned subsidiaries has completed a previously announced transaction to reinsure multi-line property and casualty business of QBE Insurance Group. The closing followed receipt of regulatory approval and satisfaction of closing conditions. 12 January 2017
ILS
Bermuda’s real estate market growth is being partially fuelled by insurance-linked security (ILS) start-ups arriving on the island, according to the latest real estate report from realtors Coldwell Banker Bermuda Realty. 11 January 2017
News
Assured Guaranty has announced that its subsidiary Assured Guaranty Corp. (AGC) has completed its acquisition of MBIA UK Insurance (MBIA UK), the European operating subsidiary of MBIA Insurance Corporation, which was first announced on September 29, 2016. 11 January 2017
News
A new report by Aon Benfield claims that reinsurance capacity continues to outpace the growth of reinsurance demand despite insurers continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation. 11 January 2017
News
Bermuda-based XL Group has estimated that it could face net losses of approximately $245 million relating to natural catastrophes in the fourth quarter of 2016. 10 January 2017
News
The run-off market on Bermuda has been boosted by the creation of Premia Holdings, the largest ever start-up re/insurer dedicated to run-off, with more than $500 million in capital in an indication of the growing importance and anticipated growth of the legacy market globally. 10 January 2017
News
A new AM Best briefing has claimed that the speed of convergence capital entering the market seems to have slowed. 10 January 2017
News
Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, has appointed Matthew Isaly to the newly created position of senior vice president, head of information systems. 10 January 2017
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