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Not luck, but judgement

Judgement rather than luck has underpinned strong results in Markel’s reinsurance unit of late—but a change in the industry is now overdue where there may be an over-reliance on models, as Jed Rhoads, chief underwriting officer for Markel’s Global Reinsurance Division, tells Bermuda:Re+ILS.   20 October 2016

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BII to host Bermuda re/insurance market conference at Chubb

The Bermuda Insurance Institute (BII) will be hosting the Bermuda Insurance Market conference on October 21, located at the Chubb Building in Hamilton.   20 October 2016

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XL Catlin appoints client distribution leader for LA office

XL Catlin, a Bermuda-based re/insurer, has appointed Steven Zimmerman to its broker and client management team as its client distribution leader. He will be based in Los Angeles.   20 October 2016

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Hamilton Underwriting hires former Navigators marine liability underwriter

Hamilton Underwriting, the Lloyd’s operations of Hamilton Insurance Group, has appointed Mark Appleton to the position of head of marine liability.   19 October 2016

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Appleby’s head of dispute resolution retires; successor named

Bermuda-based law firm Appleby has announced that Kiernan Bell, partner and head of dispute resolution, will be retiring on March 31, 2017. She will be replaced by John Wasty from April 1, 2017.   19 October 2016

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Argus Insurance receives ‘Chartered Insurer’ status

The Chartered Insurance Institute (CII) has awarded the Gibraltar-based Argus Insurance Company (Europe), a subsidiary of Bermuda insurance firm Argus Group, the title of chartered insurer.   18 October 2016

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AXIS Capital introduces cyber risk platform to policyholders

AXIS PRO, a professional lines division of Bermuda-based AXIS Insurance, along with BitSight, a provider of cybersecurity ratings, are making BitSight Security Ratings available to certain AXIS policyholders, empowering their efforts to reduce their cyber risks.   18 October 2016

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Bermuda bounces back after Nicole, claims business leaders

Bermuda's resilience has been praised by business organisations such as the Bermuda Business Development Agency (BDA) and Association of Bermuda Insurers and Reinsurers (ABIR) in the wake of Hurricane Nicole.   17 October 2016

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Nicole impact confirmed to be the worst since Fabian in 2003

Hurricane Nicole is the strongest storm to hit Bermuda since Hurricane Fabian in 2003, catastrophe modeling firm, AIR Worldwide, reports.   17 October 2016

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Hurricane Nicole’s direct hit on Bermuda to affect reinsurance market

The reinsurance market will be affected by insured losses from damage on Bermuda following Hurricane Nicole, according to an AM Best briefing.   17 October 2016

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