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Life

AXA XL promotes Peter O’Neill to UK head of downstream and power

AXA XL Insurance has promoted Peter O’Neill to UK head of downstream and power. 6 March 2020

News

Overwhelming underwriting losses lead to full year and Q4 losses for Sirius

Sirius International Insurance Group reported another disappointing year and final quarter of losses for 2019, blaming overwhelming underwriting losses, particularly in property, for undoing the work it has done on its global reorganisation. 6 March 2020

ILS

John Butler joins Kovrr advisory board to help develop cyber ILS strategy

John Butler, the head of Cohen & Company’s US insurance asset management platform and global ILS programme, has joined the advisory board at Kovrr. 5 March 2020

Life

Hamilton names Fergus Fergusson as head of excess casualty for Syndicate 4000

Hamilton Insurance Group has appointed Fergus Fergusson as division head of excess casualty for Syndicate 4000, managed by Hamilton Managing Agency (HMA) and for Hamilton Insurance DAC, the Dublin-based carrier. 5 March 2020

News

Sirius downgraded amid concerns about negative shareholder influence

Sirius Bermuda Insurance Company’s financial strength rating has been downgraded by AM Best, to A- (Excellent) from A (Excellent). 5 March 2020

Life

Sirius finance committee chair steps down

Raymond Tan, chair of the finance committee at Sirius International Insurance Group, has resigned from the board of directors. 4 March 2020

News

Sompo unveils specialised cover for US commercial real estate

Sompo Global Risk Solutions (GRS) is partnering with Fisher Harris Shapiro (FHS), an independent risk management and insurance consulting firm, to offer specialised protection against covered property perils to US commercial real estate and financial institutions. 4 March 2020

News

Aspen enters adverse development cover reinsurance agreement with Enstar

Aspen Insurance Holdings has entered into an adverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group. 4 March 2020

News

Xceedance launches life insurance and reinsurance practice, and new Liechtenstein office

Xceedance, the Bermuda-based provider of insurance consulting and technology services, has unveiled its life insurance and reinsurance practice. 4 March 2020

Life

Chubb strengthens North America claims team

Chubb has named Bill Hazelton as head of Chubb North America claims and Megan Watt as head of North America complex claims, the latter of which is a newly created leadership role. 4 March 2020

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