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Prospero Re, the reinsurance company wholly owned by ILS Capital Management, has been given the green light to write traditional and collateralised reinsurance contracts, following regulatory approval from the Bermuda Monetary Authority (BMA) for its amended business plan. 3 December 2020
News
AmWINS Group, a global distributor of specialty insurance products and services, has signed a definitive agreement to acquire International Specialty Brokers (ISB), a Bermuda-based P&C wholesale re/insurance broker. 2 December 2020
News
Monument Life Insurance, the Irish subsidiary of Bermuda-based re/insurance holding company Monument Re, has completed the acquisition of a portfolio of unit-linked international portfolio bond policies from Zurich Life Assurance. 2 December 2020
News
The Texas Windstorm Insurance Association’s (TWIA) rates for residential policies are inadequate by 26 percent, while rates for commercial policies are inadequate by 44 percent, according to an independent study by Willis Towers Watson (WTW). 2 December 2020
Life
Brit has appointed Scott Davis as vice president of programmes underwriting, for Brit Global Specialty USA (BGSU). 2 December 2020
News
Xceedance, the global provider of strategic insurance consulting and technology, will expand its global actuarial and analytics services practice. 1 December 2020
News
Watford Holdings will pay a quarterly dividend on its 8½ percent cumulative redeemable preference shares. 1 December 2020
Life
AXIS Re has hired David Bangs as head of Japan. 1 December 2020
News
Core Specialty Insurance Holdings has completed the recapitalisation of StarStone US Holdings. 1 December 2020
Life
Chubb has appointed Gabriel Lazaro as senior vice president and digital head for overseas general insurance. The appointment is effective January 1, 2021. 1 December 2020
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