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Monument Re will acquire the closed-block portfolio of variable annuities from Athora Ireland, a wholly-owned subsidiary of Athora Holding. 4 March 2021
News
RenaissanceRe will rebrand its ventures business as RenaissanceRe Capital Partners (RCP) and named Chris Parry, senior vice president and global head of RCP, pending Bermuda immigration approval. 4 March 2021
News
Weston Hicks, the president and chief executive officer of Alleghany Corporation, the parent company of Transatlantic Reinsurance, will retire as chief executive and director of Alleghany at the end of 2021. 4 March 2021
Life
John McElroy has been hired to join the Aon’s reinsurance solutions team in Bermuda as head of casualty. 3 March 2021
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AM Best has revised Somerset Reinsurance’s outlooks to positive from stable and affirmed its financial strength rating of A- (excellent). 3 March 2021
News
Aon has partnered with Nayms, an insurtech platform that operates as part of the Bermuda Monetary Authority’s regulatory sandbox to help clients insure cryptocurrency risk, to launch the first blockchain-enabled placement of insurance with regulated, professional insurance entities. 3 March 2021
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Vault Holdings, a provider of personal insurance for successful individuals and families that was recently acquired by Hudson Structured Capital Management (HSCM) and Cornell Capital, has surpassed $100 million in written premium in only its third year of operations. 2 March 2021
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Enstar reported net profit of $1.7 billion for the full year 2020, a significant increase on the $902.2 million earned in 2019. 2 March 2021
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Watford Holdings will pay a quarterly dividend on its 8½ percent cumulative redeemable preference shares on March 31, 2021. 2 March 2021
Life
AXIS Insurance, has appointed Paul Fillbrook as a senior underwriter for international accident and health (A&H). 2 March 2021
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