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Aspen estimates $30m loss from Tianjin blast

Bermuda-based Aspen Insurance Holdings has made preliminary estimates of losses relating to the explosion in the port of Tianjin, China, in August and other natural disasters in the third quarter of 2015. 18 October 2015

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Citadel Risk hires the former COO of R&Q

Bermuda-based niche reinsurer Citadel Risk has appointed David Taylor as business development consultant. 18 October 2015

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Endurance reorganises following CUO’s departure

Bermuda-based Endurance has reshuffled its team following the departure of Peter Mills, its chief underwriting officer (CUO). 16 October 2015

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Axis Specialty exec joins XL Catlin

A former Axis Specialty (US) Services senior vice president has joined XL Catlin’s insurance operation. 16 October 2015

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XL Catlin Bermuda launches new D&O policy amid M&A environment

XL Catlin’s professional lines insurance operations in Bermuda have launched a directors & officers (D&O) policy. 15 October 2015

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MUFG Fund Services appoints COO

MUFG Fund Services, part of Bermuda-based MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Tim Thornton as chief operating officer (COO). 15 October 2015

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Hamilton USA search for CEO after resignation

Conan Ward, the chief executive officer (CEO) of Hamilton USA, part of the Bermuda-based Hamilton Insurance Group, has resigned from his position, effective as of yesterday (13 October). 14 October 2015

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PartnerRe Tianjin losses estimated between $50-70m

Bermuda-based reinsurer PartnerRe has estimated it lost $50-70 million in pre-tax and net of retrocession and reinstatement premiums from the explosion in Tianjin, China in August this year. 14 October 2015

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The next level for ILS

If the insurance-linked securities markets are to continue to develop, innovation and a shift into new asset classes is a must. A new initiative called Vario Global Capital could represent the next logical step in the market’s evolution, revolutionising and growing it beyond all expectations. Bermuda:Re+ILS reports. 13 October 2015

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Bouncing off the bottom

One of the great unknowns of the insurance-linked securities sector is beginning to emerge: how low will investors go when it comes to pricing? Bermuda:Re+ILS explores industry sentiment that a floor of sorts has now been reached. 13 October 2015

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