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While insurance continues to be one of the most disrupted sectors in the global economy and insurance chief executive officers (CEOs) are more concerned about the pace of technological change than CEOs in any other industry, according to survey by PwC. 28 March 2018
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Essent Group has closed a $424.4 million reinsurance transaction and related mortgage insurance-linked notes offering. 27 March 2018
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Bermuda’s Institute of Risk Management is to hold a seminar on artificial intelligence and insurance, in the latest of its series of monthly meetings. 27 March 2018
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Aon has stated that Bermuda-based Peter Mullen, chief executive officer of Aon Captive and Insurance Management, is stepping down from his role, effective immediately, after seven years at the company. 26 March 2018
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Bermuda-based Oil Insurance (OIL) recorded a $71.3 million underwriting loss in 2017, but said that that after factoring in net investment income and administrative expenses, OIL’s net income for the year totalled $587.7 million. 26 March 2018
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Claude Lefebvre, chief underwriting officer, partnerships & casualty reinsurance at Hamilton Re, is to leave the company to pursue other interests. 23 March 2018
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Argo Insurance Bermuda, an international underwriter of specialty insurance and reinsurance products and part of Argo Group International Holdings, has created a new wage and hour (W&H) liability insurance product. 23 March 2018
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AM Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and the long-term issuer credit rating (long-term ICR) of “a-” of Canopius US Insurance. 23 March 2018
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XL Catlin has adopted an online claims reporting tool in the North America with the intention of helping clients quickly and easily submit notification of their Marine insurance claims. 22 March 2018
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Maiden Holdings has expanded its technology innovation initiative by establishing a customer focused innovation solutions team across all the company’s critical client functions. 22 March 2018
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