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The Bermuda Stock Exchange (BSX) reinforced its position as the global leader and listing venue of preference for issuers of Insurance Linked Securities (ILS) over 2017, it claimed in its end of year statement. 9 January 2018
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MS Amlin has launched a new Bermuda-domiciled special purpose reinsurer, called Viribus Re. 8 January 2018
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Everest Re Group has appointed Jonathan Zaffino to the position of president and chief executive officer of the Everest Insurance division. 8 January 2018
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AXIS Insurance, a business segment of AXIS Capital Holdings, has promoted Nicole Lim to deputy chief underwriting officer, Singapore. 8 January 2018
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Charles Goldie, formerly CEO of specialty lines at PartnerRe, has been appointed chief executive officer of PartnerRe’s property & casualty division, following the retirement of Tad Walker. 5 January 2018
ILS
A flood of catastrophe bonds entering the insurance linked security (ILS) market helped to push it to a new record level of issuance, breaching $10 billion for the first time, according to a new report from PCS. 5 January 2018
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PCS has stated that it is planning to launch its latest global specialty lines loss aggregation solution for terror in the first quarter of 2018. 5 January 2018
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Bermuda-based Sompo International has announced that its US Insurance platform is to buy the operating subsidiaries of independent surety insurer Lexon Surety Group. 4 January 2018
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XL Group has promoted Fielding "Fid" Norton to group chief enterprise risk officer, replacing Jacob Rosengarten, who has retired on December 31, 2017. 4 January 2018
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P&C run-off insurance business Armour has announced that it has raised up to $500 million in equity commitments to fund the formation of a new reinsurance group, Armour Group. 3 January 2018
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