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The Bermuda Monetary Authority has signed up to take part in a Global Financial Innovation Network (GFIN) initiative to promote cross-border testing. 30 October 2020
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Arch Capital Group saw its profits increase year on year for the third quarter of 2020, as the re/insurer overcame challenges presented by an active hurricane season and the COVID-19 pandemic. 30 October 2020
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Everest Re Group reported a marked increase in its profitability in Q3 as Juan Andrade, the re/insurer’s president and chief executive officer, hailed improving market conditions that he said had driven “a flight to quality.” 30 October 2020
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James River Group Holdings has named Frank D’Orazio as chief executive officer, with J. Adam Abram, its founder and current chief executive, set to retire on November 1, 2020. 29 October 2020
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Markel saw its profits increase in the third quarter of 2020 but its combined ratio deteriorated, driven by underwriting losses attributed to COVID-19 and natural catastrophes in the US. 29 October 2020
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AXIS Capital reported a net loss for the third quarter of 2020 but insisted the results still contained encouraging signs, blaming the loss on severe natural catastrophe activity in a quarter that has seen a record-breaking number of hurricanes in the Atlantic. 29 October 2020
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Peak Re (BVI) Holding, the wholly owned subsidiary of Hong Kong-based global reinsurer Peak Reinsurance Company that also has operations in Bermuda, has issued $250 million of perpetual subordinated guaranteed capital securities at 5.35 percent. 28 October 2020
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MS Amlin Underwriting, the Lloyd’s re/insurer, has appointed Johan Slabbert as chief executive officer. 28 October 2020
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AXIS Insurance has entered a partnership with Slice Labs, an insurtech firm, that will see Slice Labs distribute its home based business insurance on its on-demand insurance platform. 28 October 2020
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Chubb has reported an increase in profitability for the third quarter of 2020 compared to the same period in the previous year, with the hardening market offsetting the challenging circumstances presented by the global pandemic and an active Atlantic hurricane season. 28 October 2020
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