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Maiden Holdings made a net loss of $58.3 million in Q3, a considerable year-on-year improvement, with Q3 2018 having seen the company report a loss of $308.8 million. 14 November 2019
Life
Terry Ledbetter will retire as chairman and CEO of State National, a division of Markel that provides specialty property and casualty insurance services in the US, at the end of the year. 14 November 2019
News
The Bermuda Monetary Authority will allow BMA-supervised entities to conduct business with licensed cannabis cultivators, processors or sellers, as long as the business does not constitute criminal conduct in the jurisdiction in which the business takes place. 13 November 2019
Life
Jason Keen has been named as division president of Chubb Global Markets. 13 November 2019
News
Bermuda could become the leading global centre for life reinsurance, according to Frank (Chip) Gillis, chairman of Athene Life Re. 13 November 2019
Life
Everest Insurance has made four appointments to its financial lines team. 13 November 2019
News
Somerset Reinsurance has arranged a business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation (PALAC), a subsidiary of Prudential Financial, that will see it reinsure a quota share of the new fixed indexed annuities PALAC sells. 13 November 2019
News
Reinsurers need to build larger reserves of capital to protect them in the event that a major catastrophe presents them with losses on a scale they are not prepared for, according to Elyse Greenspan, director of equity research at Wells Fargo. 13 November 2019
News
The global re/insurance industry must do more to promote insurance to underinsured communities as climate change increases the frequency of catastrophic weather events, according to Rick Pagnani, executive vice president and head of insurance-linked business at PIMCO. 13 November 2019
Life
Guy Carpenter & Company, the risk and reinsurance company owned by Marsh & McLennan Companies, has snared two executives from Aon Reinsurance Solutions in Bermuda, as part of a significant management reshuffle on the island. 12 November 2019
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