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Canopius acquires Multi-Strat Holdings to build up ILS offering in Bermuda

Canopius Group, has taken a majority stake in Multi-Strat Holdings, the Bermuda-based reinsurance group that writes both prospective and retrospective casualty reinsurance sourced through select reinsurance intermediaries. 16 March 2020

News

Arrivals to Bermuda from March 17 ordered to self-quarantine for 14 days

All arrivals to Bermuda from March 17 will be required to self-quarantine for 14 days. 16 March 2020

Life

RMS names Mike Steel as global head of business development

RMS, the catastrophe risk modeling company, has appointed Michael Steel as global head of business development. 16 March 2020

Life

Appleby hires two compliance officers

Law firm Appleby Bermuda has welcomed Rebecca Holloway and Joy Martin as compliance officers, within its compliance team. 13 March 2020

News

COVID-19 testing kits and extra protective equipment on its way: David Burt

Bermuda has ordered testing kits, as well as extra hand sanitiser, protective masks, gloves and other personal protective equipment, as it prepares for a worst-case scenario with respect to COVID-19. 13 March 2020

News

Coronavirus postpones Bermuda Executive Forum New York 2020

The Bermuda Business Development Agency (BDA) has postponed the upcoming Bermuda Executive Forum New York 2020, scheduled for March 19, and the associated networking reception scheduled for March 18. 13 March 2020

News

IGI receives provisional approval to write US E&S Business

IGI Bermuda, the Bermuda subsidiary of International General Insurance Holdings Limited (IGI) has received provisional NAIC approval to write US excess and surplus business. 13 March 2020

News

MS Amlin, Carey Olsen sponsor Bermuda’s World Triathlon Series

MS Amlin will act as title sponsor for Bermuda’s World Triathlon Series for the third consecutive year, with Carey Olsen Bermuda also joining, as an official partner. 12 March 2020

News

Foundation Platform Technologies and Treefrog launch ILS and reinsurance deal pricing platform

Foundation Platform Technologies (FPT) has launched an ILS and reinsurance deal pricing and rollup platform called Foundation in partnership with Treefrog Consulting. 12 March 2020

ILS

ILS market put to test by record cat losses

The insurance-linked securities (ILS) market has provided reinsurance capital of between $88 billion and $93 billion, according to new AM Best’s Commentary, titled Insurance-Linked Securities Market Looks to Future After Servicing Record Cat Losses. 11 March 2020

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