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Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has expanded its ILS business with two senior hires both based in Bermuda. 7 March 2019
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Aon has given a statement that it will not acquire Willis Towers Watson, just a day after it had confirmed reports that a takeover was under consideration. 7 March 2019
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Aon, which has a substantial presence on Bermuda, has confirmed that a takeover of rival fellow insurance broker Willis Towers Watson (WTW) is under consideration. 6 March 2019
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Everest Insurance, subsidiary of Bermuda-based Everest Re Group, has appointed Ayesha West as vice president in its cyber insurance group, based in New York. 6 March 2019
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Specialty re/insurer Argo has joined insurance distribution network GBN Worldwide, a platform that allows members to transact international business in over 140 countries. 6 March 2019
ILS
Twelve Capital, an investment firm specialising in insurance investments and insurance-linked securities (ILS), has appointed Raffaele Dell'Amore to its Zurich office. 5 March 2019
ILS
Insurtech company ChainThat is planning to launch a blockchain-powered risk and capital exchange to connect re/insurance companies and brokers to the capital markets. 5 March 2019
ILS
Essent Guaranty, a private mortgage insurer and subsidiary Bermuda-based Essent Group, has obtained $473.2 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written by Essent in 2018 from Radnor Re 2019-1. 4 March 2019
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Bermuda-based White Mountains Insurance Group has appointed Peter Carlson to its board as a director. 4 March 2019
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Mergers and acquisitions (M&A) in the Bermuda insurance sector is expected to slow down in 2019 following several years of significant deal activity - particularly in 2018 - and a pool that is getting smaller and smaller, according to report from law firm Clyde & Co. 4 March 2019
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