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Motive Partners, a US-based investment company focused on the technology sector, has named Bermuda insurance veteran Stephen Catlin to its Global Advisory Council (GAC). 5 June 2019
ILS
NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. 5 June 2019
News
This year’s Atlantic hurricane season will see 14 named storms, according to researchers at Colorado State University (CSU). 5 June 2019
ILS
Bermuda re/insurers have seen substantial rate increases of 10-30 percent at the June 1 Florida property catastrophe renewals on loss-affected accounts, according to research from Morgan Stanley. 4 June 2019
News
White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an SEC-registered investment advisor focused on managing investment portfolios exposed to natural catastrophe event risk. 4 June 2019
News
Everest Insurance has named three new members to its professional liability group, which provides coverage for architects, engineers, lawyers, accountants and other professions incurring professional liability. 4 June 2019
ILS
SS&C GlobeOp, a financial technology company serving clientele of ILS funds, reinsurers, and hedge funds, has appointed Ken Mahadeo as head of fund administration for SS&C Fund Services in Bermuda. 4 June 2019
News
Bermuda-based Hamilton Re’s acquisition of Pembroke Managing Agency, which manages Lloyd’s Syndicate 4000, will help gradually increase the reinsurer’s underwriting performance by delivering a new line of business and geographic diversification, according to rating agency AM Best. 3 June 2019
ILS
French reinsurer SCOR has sponsored its second catastrophe bond under the UK’s insurance-linked securities regime (ILS), which will provide it with up to $250m in cover against named storms in the US, earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
ILS
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019. 3 June 2019
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