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Athora Holding is to acquire Generali Belgium, the Belgium-based subsidiary of international insurance group Assicurazioni Generali, for approximately €540 million in cash. 19 April 2018
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Arch Mortgage Insurance Company has obtained $374.46 million of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer. The reinsurance is for a portfolio of mortgage insurance (MI) policies issued by Arch MI primarily from July through December of 2017. 19 April 2018
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Bermuda’s Premier and Finance Minister David Burt has led Bermuda’s delegation at the Risk & Insurance Management Society (RIMS) annual conference and exhibition 2018 in Texas, where he helped to showcase the island’s expertise as the “World’s Risk Capital.” 18 April 2018
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2017 saw increased activity for the Bermuda Monetary Authority (BMA), according to chief operating officer Shanna Lespere, who was speaking at the 2018 Risk Management Society’s (RIMS) annual conference in San Antonio, Texas. 18 April 2018
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AXIS Capital Holdings has created the AXIS Cyber Centre of Excellence, in a bid to address the more than $445 billion cost over the industry that companies incur each year due to the threat of cybercrime and cyberattacks. 17 April 2018
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Monument Re has acquired a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias, known as the First A Portfolio through its European subsidiary Laguna Life DAC. The acquisition is subject to regulatory approval. 17 April 2018
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PartnerRe has announced that Chris Shanahan will join the company in May as executive vice president, corporate development, US Life. 17 April 2018
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A new AM Best special report claims that insurers soon will need to consider the potential termination of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) at year-end 2020, and prepare their risk management practices. 16 April 2018
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Argo Group International Holdings has appointed Giovanni Tucci as managing director of Ariscom following its recent acquisition by Argo Group in March 2018. 16 April 2018
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Markel Corporation has reorganised the leadership structure of its excess casualty team. The underwriting unit, with teams in Bermuda, the US, Dublin, and London, reports to Alan Rodrigues, executive underwriting officer, casualty. 16 April 2018
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