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XL Catlin, a subsidiary of Bermuda-based XL Group, has introduced an emergency security and disaster evacuation (ESDE) solution for businesses with employees working internationally. 25 November 2016
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Japanese insurer Sompo Holdings has raised its profit target for 2018, driven by expectations of its agreed acquisition of Endurance, as well as good performance of its domestic property/casualty business. 25 November 2016
ILS
The UK government is working on the regulatory framework for the trading of insurance-linked securities (ILS) in the UK which would allow London to compete with reinsurance hubs like Bermuda. 24 November 2016
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Hiscox, a specialist insurer with offices in London and Bermuda, has promoted Juan de Castro to the position of chief operating office for Hiscox UK and Ireland. 24 November 2016
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Willis Bermuda, a segment of Willis Towers Watson, has appointed Kirsten Beasley as senior vice president of its healthcare team. 23 November 2016
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The president-elect of the National Association of Insurance Commissioners (NAIC) has describes the relationship between Bermuda and US insurance regulators as critical in the aftermath of talks between the body and the Bermuda regulator. 23 November 2016
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Bermuda reinsurers will be on watch as a powerful earthquake with a magnitude of 6.9 has struck 35 kilometres from the coast of Tomioka, Japan, close to the Fukushima nuclear power plant. 22 November 2016
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The Rockhill Insurance Group has hired Tracy Upton, a former vice president at Bermuda-based Everest Reinsurance, to lead its new E&S property unit. 22 November 2016
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XL Catlin, the global brand of Bermuda-based XL Group, has appointed Vincent Branch as chief executive of its new innovation and insurtech team Accelerate. 22 November 2016
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Chubb’s board has approved a $1 billion share repurchase programme with the purpose of boosting shareholder value, under a year following its merger with ACE. 21 November 2016
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