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Catastrophe risk modeller Karen Clark & Company (KCC) has estimated that the insured loss from Hurricane Barry will be close to $300 million. 17 July 2019
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RiskGenius, a Kansas-based insurtech company, has announced it has completed a Series B financing led by Hudson Structured Capital Management, doing business as HSCM Bermuda. 17 July 2019
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Convex Group, Stephen Catlin and Paul Brand's new specialty re/insurer, has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry. 16 July 2019
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Everest Insurance, which is a part of Everest Group, has announced that Joshila Tailor has been appointed as global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786. 16 July 2019
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AM Best has affirmed the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Bermuda-based Validus Reinsurance and its affiliate, Validus Reinsurance (Switzerland). 15 July 2019
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Bermuda had a mixed end to 2018, according to the latest figures released by the Bermuda Monetary Authority (BMA). 15 July 2019
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Storms are no more likely to stall over land than they were 150 years ago, according to TigerRisk, a reinsurance broker, advisor and catastrophe analytics firm. 12 July 2019
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Aon has appointed Tim Ronda as president of its US reinsurance solutions business with immediate effect. 12 July 2019
Life
RenaissanceRe Holdings has promoted Matthew Neuber, the senior vice president for ventures and corporate finance, to the position of corporate treasurer. 12 July 2019
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Carey Olsen Bermuda has promoted Gavin Woods of its corporate practice to the role of partner. 11 July 2019
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