News

ILS

Bermuda won’t let up on forging ahead with ILS

Bermuda will “keep on keepin’ on” and doing what it is doing when it comes to insurance-linked securities (ILS), says Greg Wojciechowski, chief executive officer of the Bermuda Stock Exchange. Here he looks back at 2018 and forward to 2019 as the jurisdiction continues to work hard to develop and keep its solid platform.   20 December 2018

News

RenRe targets US property catastrophe market with joint venture

RenaissanceRe Holdings and PGGM, a Dutch pension fund manager, are to launch a new property catastrophe reinsurer.   19 December 2018

ILS

New BMA report highlights ILS growth

According to the latest Bermuda ILS Market Report by the Bermuda Monetary Authority global insurance-linked securities (ILS) issuance volume rose significantly year over year in the third quarter of 2018.   19 December 2018

News

Sompo announces high level changes

Sompo is reorganising its group structure and is to create the position of group chief operating officer (COO) from Jan. 1, 2019.   18 December 2018

News

Integro sees US operations bought by EPIC

Californian company EPIC Holdings is acquiring the US operations of insurance broker and risk manager Integro Group Holdings.   18 December 2018

News

Ascot boosts marine team with hires from Navigators

Bermuda-based Ascot has boosted its US marine team with two new hires that will expand its geographic footprint on the West Coast.   17 December 2018

News

BMS boosts Bermuda team with hires from Price Forbes and JLT Bermuda

Re/insurance broker BMS Group has hired executives from Price Forbes and JLT Bermuda to help it boost its operations on Bermuda, saying it wants to offer local market knowledge rather than operate remotely.   17 December 2018

News

Catalina acquires $2bn employers’ liability portfolio from Zurich

Bermuda run-off specialist Catalina Holdings has completed a $2 billion deal with Zurich Insurance – its first big deal since it raised a $700 million in October and affiliates of Apollo Global Management became its majority shareholder.   17 December 2018

News

AM Best affirms ratings of Chubb subsidiaries

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” of the North American property/casualty subsidiaries of Chubb.   14 December 2018

News

AXIS Insurance expands cyber underwriting team

AXIS Capital Holdings subsidiary AXIS Insurance has hired Andrew Maher as senior cyber underwriter.   14 December 2018

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