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Ascot has appointed Patrick Kenahan as head of excess casualty in Bermuda. In addition Jason Pugi, Kimberley Pursell and Michael Watkins have been appointed senior vice presidents. 29 October 2019
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Reinsurers are likely to see further erosion in 2019, following another year of major catastrophe losses, according to AM Best. 29 October 2019
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Everest Re Group has announced that third quarter 2019 net income totalled $104.4 million, a severe fall on the $198.4 million in net income it reported for the third quarter of 2018. 29 October 2019
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AXA XL has launched a podcast series created to raise the level of awareness about emerging and evolving risks within the North America healthcare industry. 28 October 2019
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Specialist insurer Markel, which has a major presence on Bermuda, has announced the streamlining of the leadership of its wholesale operation by appointing James Hastings as managing director of wholesale. 28 October 2019
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Verisk, which has a major presence on Bermuda, is developing its new life insurance solutions in collaboration with PartnerRe. 25 October 2019
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Sompo International is expanding its capabilities in Mexico with the addition of a new Sompo International global risk solutions (GRS) team that will focus on serving clients in select industry verticals. 25 October 2019
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Hiscox has developed a new app called FloodPlus AR that uses augmented reality to illustrate the growing flood threat to coastal towns and cities from rising sea levels. 24 October 2019
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Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan have become founding investors in Constellation Insurance with an initial capital investment of $500 million. 24 October 2019
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The Bank of Butterfield has named Mark Lynch to its board as an independent director. 24 October 2019
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