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The Bermuda government has vowed to work with industry experts to build out a detailed business plan before advancing its planned Digital Bank Bill that will allow it to create the world’s first state sponsored digital bank in Bermuda. 16 November 2020
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Chaucer, the international specialty re/insurance group, has unveiled a new reinsurance branch in Bermuda to serve its US clients. 16 November 2020
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Maiden Holdings reported a third quarter of 2020 net profit of $2.2 million, compared to a net loss of $58.3 million in the third quarter of 2019. 16 November 2020
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Marlon Williams has joined Hiscox Re & ILS as a senior property underwriter. 13 November 2020
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Total economic losses from Hurricane Delta will approach $4 billion, with roughly half covered by public and private insurers, according to Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during October 2020. 13 November 2020
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Hudson Structured Capital Management (HSCM), which does its re/insurance business as HSCM Bermuda, has agreed to acquire Vault Holdings, a provider of personal insurance to high-net-worth clients, alongside Cornell Capital. 13 November 2020
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International General Insurance Holdings (IGI) more than doubled its third quarter profit in 2020 compared to the previous year, shrugging off the challenges posed by COVID 19 and an active Atlantic hurricane season. 13 November 2020
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Chubb has named John Latter as senior vice president and claims director for Europe, Eurasia and Africa. 12 November 2020
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AXA XL Risk Consulting has launched a new risk assessment service called Risk Scanning. 12 November 2020
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Bittrex Global, the cryptocurrency trading platform and digital wallet, has appointed Jeffrey Baron as chief compliance officer (CCO) in Bermuda. 12 November 2020
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