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Flood Re has come out in favour of the Blanc Review’s key recommendation that all UK home insurance products should include flood cover as standard. 5 November 2020
News
Lancashire Holdings’ gross written premiums increased to $658.7 million in the first nine months of 2020, a 14 percent increase on the figure reported for the same period in 2019. 5 November 2020
Life
Assured Guaranty, the Bermuda-based provider of credit enhancement products, has named Randall Gerardes as managing director of public finance marketing. 5 November 2020
Life
AXIS Insurance has hired three lead underwriters within its US cyber and technology team. 4 November 2020
ILS
Arch Mortgage Insurance Company (Arch MI) has secured nearly $452 million of indemnity reinsurance on a pool representing approximately $31 billion of mortgages from Bellemeade Re 2020-3, a special purpose reinsurer. 4 November 2020
News
Total onshore US insured losses from Hurricane Zeta will come in at between $3 billion and $5 billion, according to an estimate by RMS, the catastrophe risk solutions company. 4 November 2020
Life
ArgoGlobal, the Lloyd’s insurer, has appointed Henry Gillingham as a political violence and war class underwriter, a new segment for Argo’s Syndicate 1200. 4 November 2020
News
Arch Capital Group and Watford Holdings have revised their definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. 3 November 2020
Life
AXIS Insurance has appointed Kristopher Williams and Melissa Marsh as renewable energy underwriters, while Kevin Motta has also joined as an assistant renewable energy underwriter. 3 November 2020
News
Stonybrook Capital, the investment bank for the re/insurance industry that has a presence in Bermuda, has advised Northeast Coverages on the acquisition of Texas managing general agency and surplus lines broker AUI. 3 November 2020
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