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Argo Group International Holdings has reported a year on year increase in its third quarter losses, but insisted it is heading in the right direction as it restructures its business. 3 November 2020
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HSCM Bermuda, part of Hudson Structured Capital Management, will take a majority stake in Southern Fidelity Insurance Company (SFIC) and its affiliated entities. 3 November 2020
Life
Chubb has named Jason Luyt as senior vice president and chief underwriting officer for international accident and health (IAH). 3 November 2020
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Sompo International Holdings has appointed Sara Gundersen as executive vice president and Asian risk solutions segment leader. 2 November 2020
News
Argo Group International Holdings will exit the grocery and retail lines of business, which include providing general liability and self-insured retention risk management programmes for grocery stores, convenience stores, restaurants and other retail businesses. 2 November 2020
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Watford Holdings made a healthy profit in the third quarter of 2020, despite noting “significant uncertainties surrounding the ultimate number of insurance claims and scope of damage resulting from the continuing novel coronavirus pandemic.” 30 October 2020
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The Bermuda Monetary Authority has signed up to take part in a Global Financial Innovation Network (GFIN) initiative to promote cross-border testing. 30 October 2020
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Arch Capital Group saw its profits increase year on year for the third quarter of 2020, as the re/insurer overcame challenges presented by an active hurricane season and the COVID-19 pandemic. 30 October 2020
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Everest Re Group reported a marked increase in its profitability in Q3 as Juan Andrade, the re/insurer’s president and chief executive officer, hailed improving market conditions that he said had driven “a flight to quality.” 30 October 2020
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James River Group Holdings has named Frank D’Orazio as chief executive officer, with J. Adam Abram, its founder and current chief executive, set to retire on November 1, 2020. 29 October 2020
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