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XL Catlin signs California deal with Bamboo

XL Catlin and new insuretech-focused program administrator, Bamboo Insurance have signed an underwriting agreement to provide Californian property insurance. 22 June 2018

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AM Best affirms ratings of Wilton Re and subsidiaries

AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Wilton Re and several of its subsidiaries. 22 June 2018

ILS

Bernina Re created on Bermuda

Bernina Re, which recently domiciled in Bermuda, has announced that Michael McKnight has been appointed chief executive officer (CEO) and chief risk officer. Bernina Re is part of the platform of Credit Suisse Insurance Linked Strategies (CS ILS). 21 June 2018

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Capsicum Re co-founder Chilton rejoins business

Capsicum Reinsurance Brokers (Capsicum Re), which has a major presence on Bermuda, has announced that its co-founder Grahame ‘Chily’ Chilton will rejoin the business later this year. 21 June 2018

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Monument Re buys run-off portfolio from Metlife

Bermuda-based reinsurer Monument Re has acquired a run-off portfolio of linked and traditional business from Ireland-domiciled Metlife Europe, initially through reinsurance to Monument Re, followed by the transfer of the portfolio to Laguna Life, upon receipt of court approvals. 21 June 2018

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Hamilton Underwriting appoints new head of treaty

Hamilton Insurance Group subsidiary Hamilton Underwriting has announced that Neil Lee-Amies has joined the agency as head of treaty, reporting to active underwriter Miles Osorio. 20 June 2018

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Hiscox sues former executive in fraud case

Hiscox is suing Yuval Abraham, the former chief financial officer of Hiscox Services, accusing him of $1.8 million in fraud. 20 June 2018

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Enstar hints at Atrium/StarStone sale

Bermuda-based Enstar Group has announced that it is considering the possible sale of subsidiaries Atrium Underwriting and StarStone Insurance. 19 June 2018

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Everest Insurance signs Airware deal

Everest Insurance, a subsidiary of Everest Group, has signed an agreement with Airware, a leading provider of drone analytics solutions. 19 June 2018

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Axis publishes latest loss triangles

AXIS Capital Holdings has published its 2017 Loss Development Triangles. 19 June 2018

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