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RenaissanceRe has hired Ann Manal as chief human resources officer (CHRO), responsible for overseeing the global HR function. She is based in Bermuda. 4 February 2020
Life
Markel International has appointed Carl Titterton as divisional managing director of trade credit, political risk and surety (TCPRS). 4 February 2020
ILS
Eagle Re 2020-1 (Eagle Re) has funded $488 million of fully collateralised excess of loss reinsurance coverage for Radian Guaranty. The reinsurance was financed via the first mortgage insurance linked note (ILN) transaction to incorporate an exchangeable note feature. 4 February 2020
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American Overseas Group (AOG) has completed a private repurchase of $25 million liquidation value of its series A preference shares from an undisclosed seller. 3 February 2020
News
Chubb has launched non damage terrorism coverage, aimed at bridging gaps in traditional terrorism business interruption policies. 3 February 2020
ILS
Essent Guaranty, a subsidiary of Essent Group, has obtained $495.9 million of fully collateralised excess of loss reinsurance coverage from the capital markets. 3 February 2020
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Everest Re Group expects to report profits of around $1 billion for 2019, resulting in a net income return on equity of 12 percent. 31 January 2020
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Blue Capital Reinsurance, which is currently winding down its operations, saw net assets in liquidation decline $4.6 million dollars in Q4 2019. 31 January 2020
Life
The Bermuda Business Development Agency (BDA) has hired Jasmine DeSilva as business development manager and Anastasia Slater as business development coordinator. 31 January 2020
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The BMA has granted regulatory approval to International General Insurance to combine business with Tiberius Acquisition Corp, the special purpose acquisition company. 31 January 2020
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