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While rates in many lines of business were again declining in the June 1 renewals, brokers also pushed for a relaxation of terms and conditions in some areas with the use of the 'hours clause' a hotly contested point on some treaties, according to sources on Bermuda.   4 July 2017
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Recent cyber-attacks like the recent ‘WannaCry’ ransomware virus attack have defied predictions that they would act as a wake-up call for businesses concerned about their cyber security, according to communications consultancy group FWD.   4 July 2017
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Fidelis Insurance has announced that it has started up a new venture with industry veteran Rob Ashton , who has been appointed specialty reinsurance underwriter at the as-yet unnamed venture.   3 July 2017
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According to the latest 1st View renewals report from Willis Re the reinsurance market has maintained the downward pricing trends seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results.   3 July 2017
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A new report by catastrophe risk modeling firm AIR Worldwide claims that the frequency and intensity of the most “strong to extreme” storms are expected to increase.   30 June 2017
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Argo Pro, a subsidiary of Bermuda-based specialty re/insurer Argo Group, has appointed Mary Henderson as senior vice president, head of financial institutions, and Dan Gmelin as vice president, underwriting, architects and engineers (A&E).   30 June 2017
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PartnerRe has announced that Tad Walker, CEO property & casualty and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. The company is now carrying out external searches for their successors.   29 June 2017
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AXIS Insurance has appointed James DeSimone to the new position of senior vice president, primary casualty. He will report to Janet Jordan-Foster, executive vice president, primary casualty, AXIS Insurance and will be based out of AXIS’ New York office.   29 June 2017
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Hiscox has announced the appointment of Josh Nevin as chief operating officer (COO) for its Hiscox USA business unit. Nevin will be based in Atlanta and will report to Ben Walter, CEO of Hiscox USA.   28 June 2017
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Ascot Group (AGL), a Bermuda-based holding company, has announced the appointment of Neill Currie as its executive chairman.   28 June 2017

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