News

Life

Hamilton names Rhoades as president of its US MGA

Hamilton Insurance Group has appointed Clay Rhoades as president of Hamilton Managing General Agency Americas.   19 January 2021

News

BGC Insurance rebrands as Corant Global

BGC Insurance (BGCI), the parent company of Ed Broking and a number of other brokerage companies, has changed its name to Corant Global.   19 January 2021

News

Rating agencies take a negative view of reinsurance: Demotech

Demotech has accused other rating agencies of taking “a short-sighted, quarterly earnings perspective,” and underestimating the importance of reinsurance programmes when evaluating insurance companies.   19 January 2021

Life

Gallagher Re names Behagg as CEO as Swallow steps down

Simon Behagg has been named as chief executive officer of Gallagher Re, with the current boss Rupert Swallow set to step down in February 2021.   18 January 2021

News

Hiscox increases COVID-19 BI loss estimate following UK Supreme Court ruling

Hiscox Group’s 2020 COVID-19 estimate for business interruption (BI) has increased by $48 million, following the UK Supreme Court’s final judgement in the appeal of the UK insurance industry test case on BI wordings in UK property insurance policies.   18 January 2021

News

Enstar agrees reinsurance deal with ProSight

Enstar Group has entered into an agreement with subsidiaries of ProSight Global via one of its subsidiaries to provide reinsurance relating to 2019 and prior year business.   18 January 2021

News

Ascot-led GHRF facility begins insuring vaccine distribution

THB, the specialist re/insurance broker, has placed the first risk with the newly launched Global Health Risk Facility (GHRF), a public-private collaboration led by Ascot as the managing agent and anchored by the new Syndicate 1796 at Lloyd’s.   18 January 2021

News

BMA registers 67 insurance entities in 2020

The Bermuda Monetary Authority registered ten new re/insurance entities in December, taking the total number of registrations for 2020 to 67.   18 January 2021

Life

Bancroft to retire from Chubb, Enns lined up as replacement

Philip Bancroft, Chubb Group’s chief financial officer, will retire from the company on July 1, 2021, after 19 years of service.   15 January 2021

Life

Sompo hire signals push into the retail property insurance market

Sompo International Holdings has appointed Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.   15 January 2021

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