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The global insurance industry is facing a wave of transformative accounting changes which will affect many aspects of business reporting. Life reinsurers must act now to survive the storm, says Cordelia Davis at EY Bermuda. 7 August 2019
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Bermuda’s life reinsurance market continues to grow, according to the latest figures from some of the Island’s trade organisations. Bermuda:Re+ILS takes a closer look. 7 August 2019
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Fidelis Insurance has promoted Simon Crone to the position of chief underwriting officer of Fidelis Insurance Ireland DAC (FIID). 7 August 2019
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Aspen Insurance Holdings has priced an underwritten public offering of 10,000,000 depositary shares, each of which represents a 1/1000th interest in a share of the Company’s newly designated 5.625 percent perpetual non-cumulative preference shares. 7 August 2019
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Argo has announced that net income for the second quarter of 2019 was $28.8 million, down on the $41.8 million it reported for the second quarter of 2018. 6 August 2019
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Athene Holding has announced that its net income for the second quarter of 2019 was $720 million, more than double the $257 million it reported for the same period of 2018. 6 August 2019
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Enstar Group has announced that one of its subsidiaries has completed an adverse development cover reinsurance transaction with Maiden Reinsurance. Enstar did not name the subsidiary in its announcement. 6 August 2019
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Sirius Group’s subsidiary, IMG, is poised for future growth, as Steven Paraboschi tells Bermuda:Re+ILS. 6 August 2019
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Re/insurers understand that they need to innovate and invest in insurtech if they are to thrive, but the most successful may be those that also collaborate, says Brett Henshilwood of Deloitte Bermuda. 6 August 2019
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Technology company ChainThat has developed and launched a new digital re/insurance placement solution for Bermuda which it is claimed will revolutionise the entire insurance value chain. 5 August 2019
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