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AXIS Capital Holdings president and chief executive officer (CEO) Albert Benchimol has had his contract extended until December 31, 2023. 12 December 2018
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Blue Capital Reinsurance Holdings has announced that its fourth quarter results would be impacted by an estimated $17.0 million in catastrophe losses. 12 December 2018
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Enstar Group, Allianz and investment firm Hillhouse have announced equity investment commitments in aggregate of $470 million as part of a joint venture to Enhanzed Reinsurance, a Bermuda-based Class 4 and Class E reinsurer. 12 December 2018
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Athene Life Re (ALRe), the Bermuda-based annuity reinsurance subsidiary of retirement services company Athene, has entered a block reinsurance transaction with Lincoln Financial Group, where it will reinsure around $7.7 billion of its annuity products. 11 December 2018
ILS
Hong Kong-based reinsurer Peak Re has established the first Asian reinsurance sidecar deal through Lion Rock Re, a recently established Bermuda special purpose insurance (SPI) vehicle. 10 December 2018
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Wholesale and specialty reinsurance broker Ed is planning to open an office in Bermuda some time in 2019. 10 December 2018
ILS
Markel CATCo, the retrocessional reinsurance investment specialist, is under investigation by regulators in US and Bermuda in relation to loss reserves recorded in late 2017 and early 2018, which proved to be inadequate. 7 December 2018
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AXA XL has appointed Shellé Hendrickson as head of healthcare in its Bermuda Insurance business. She succeeds Vivienne Moniz who was recently promoted to head of excess casualty, Bermuda. 7 December 2018
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Bermuda reinsurer Validus anticipates its losses stemming from the recent California wildfires will amount to around $60 million, its parent American International Group (AIG) has revealed. 6 December 2018
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In what might come as a surprise to some reinsurers on Bermuda, rating agency Moody’s has suggested that property/casualty insurers are displaying underwriting discipline globally, leading to it giving the sector a stable outlook. 6 December 2018
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