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The chief underwriter officer of Everest Insurance, Mike Mulray, has been approved as chairman of the Workers' Compensation Insurance Rating Bureau of California (WCIRB) governing committee. 18 April 2019
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Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) for BNY Trade Insurance, the Bermuda-based single-parent captive of The Bank of New York Mellon Corporation. 17 April 2019
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A subsidiary of Bermuda-based Enstar Group has agreed to reinsure $0.5 billion in US asbestos and environmental liability insurance portfolios of a subsidiary of Zurich Insurance Group. 17 April 2019
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Following the National Association of Insurance Commissioners’ (NAIC) spring national meeting, the Association of Bermuda Insurers & Reinsurers (ABIR) has encouraged the expansion of the private flood market and state regulation in the US. 12 April 2019
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Over 60 percent of the $76 billion in global insured losses from natural catastrophes in 2018 resulted from so-called “secondary” perils - small-to-mid sized events or secondary effects of a primary peril, a Swiss Re sigma study has shown. 10 April 2019
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This year's Atlantic hurricane season may provide the Bermuda re/insurance market a sigh of relief, as projected activity is expected to be 20 percent below both the long-range norm since 1950 and 30 percent below the recent 2009-2018 (10-year) norm, according to the Tropical Storm Risk (TSR) Consortium of University College London. 8 April 2019
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Ratings agency Moody's has adjusted its ratings outlook of Bermuda-based AXIS Capital Holdings from stable to negative, primarily reflecting lower capitalisation and higher operating and financial leverage relative to peers. 4 April 2019
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Specialty re/insurer Sompo International has appointed Christopher Gallagher as the Bermuda-based CEO of its commercial property and casualty business, SI Commercial P&C. 2 April 2019
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In an ongoing dispute, Voce Capital Management, 5.6 percent shareholder of Argo Group, has questioned the legality of the Bermuda re/insurer's appointment of two independent directors, Samuel Liss and Tony Latham, to its board. 28 March 2019
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Bermuda once again finds itself on the European Union’s so-called ‘blacklist’, but the government is committed to laying the groundwork for removing the jurisdiction from this list as soon as possible. Bermuda Re+ILS reports. 28 March 2019
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