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Bermuda-based insurer Argus Group Holdings has announced a profit of $12 million for the year ended March 31, 2017, a 64 percent increase on the $7.3 million profit it made the previous year. 18 July 2017
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A new study has done much to illustrate the value of Bermuda to the US insurance markets by proving that insurance premiums in parts of the US would be vastly higher if insurers were prevented from using international reinsurers. 17 July 2017
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Sirius Group is growing its environmental team with the addition of Robert Potter and Bob Albanese. The environmental division is led by Doug Stepenosky, who joined Sirius earlier in 2017. 17 July 2017
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The Bermuda Foundation For Insurance Studies (BFIS) has awarded another $345,000 in scholarship funding to 14 students focused on careers in Bermuda’s insurance sector. 17 July 2017
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AXIS Capital Holdings and its operating subsidiaries has received final authorisation from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for its own Lloyd’s managing agent, AXIS Managing Agency. 14 July 2017
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PartnerRe has appointed former Google executive Dorothée Burkel to the new position of chief corporate and people operations officer. 14 July 2017
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Bermuda is to play host to a conference in May 2018 involving high level representatives of governments, the finance sector, the (re)insurance industry and other sectors, who will consider specific risks posed by changes in the world’s oceans caused by climate change and other man-made impacts. 14 July 2017
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Everest Re Group has announced that Brian Farr has been named leader of the environmental unit within Everest Insurance. Based in Everest’s Liberty Corner, NJ, office, Farr will be in charge of expanding the Everest Insurance environmental product breadth, appetite, and distribution footprint in North America. 14 July 2017
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XL Catlin has appointed Ashish Umre to the position of accelerate partner, artificial intelligence (AI), based in London. 13 July 2017
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According to a new report by KPMG some of the biggest cyber risks are intangible and may seem uninsurable but insurers applying more innovative approaches will be met with huge demand. 13 July 2017
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