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News
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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Property and casualty re/insurer Watford Holdings anticipates it will start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission. 27 March 2019
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In a development that could push Bermuda reinsurers into losses greater than they anticipated in the first half of the year, total economic losses from the Queensland floods in Australia are estimated at A$1.7 billion ($1.2 billion), according to Aon. 8 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
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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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Against backdrop of poor investment performance and substantial catastrophe losses, the fourth quarter of 2018 proved challenging for Bermuda reinsurer Third Point Re, which posted a net loss for both the period and the full year. 28 February 2019
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Arch Capital Group has appointed Janice Englesbe as senior vice president, chief risk officer (CRO). 21 February 2019
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In a development relevant to Bermuda re/insurers with wildfire exposure, RMS has created a catastrophe model to better manage wildfire risk in the US, against backdrop of over $30 billion in claims since 2014. 19 February 2019
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An erosion in Bermuda-based Allied World Assurance Company's commercial casualty profitability has lead to a ratings downgrade from AM Best. 19 February 2019
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