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Ed, the global reinsurance, wholesale and specialty broker, has received regulatory approval from the Bermuda Monetary Authority for its new operation on the island. 25 June 2019

ILS

Essent obtains excess of loss reinsurance coverage

Essent Guaranty has obtained $333.8 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written in 2015 and 2016 from Radnor Re 2019-2, a newly formed Bermuda special purpose insurer. 24 June 2019

Life

AXIS Re appoints head of business in Australia

AXIS Re has hired Robert Hands as a strategic account executive and head of Australia for AXIS Re Strategic Partners, a business unit serving clients and brokers. Based in Singapore, Hands is responsible for leading global client relationships for strategic partners in Australia, and overseeing all client management activities. 24 June 2019

Life

Arch names new head of CRT in its mortgage group

Arch Capital Group has promoted Seamus Fearon to the newly created role of executive vice president of credit risk transfer (CRT) and services, within the global mortgage group (GMG). 21 June 2019

News

Bermuda to host cyber risk management conference in December

Bermuda will host the second annual International Cyber Risk Management Conference (ICRMC) on December 4 – 6. 21 June 2019

News

Hamilton Re sponsors its first cat bond

Bermuda-based re/insurance provider Hamilton Re has sponsored its first catastrophe bond, through Hamilton Capital Partners. 21 June 2019

News

Bermuda reinsurers take stake in Noblr

A number of Bermuda-based reinsurers have entered into relationships with Noblr, the technology-driven, US personal auto insurance company. 20 June 2019

Life

AIG restructures reinsurance business under new leadership

American International Group has consolidated its assumed reinsurance operations into a single entity called AIG Re. 20 June 2019

News

Large loss events extend loss development profiles: AXIS

Large loss events tend to extend the loss development profiles for property classes in years where events occur, relative to years with comparatively benign catastrophe activity, according to AXIS Capital Holdings. 20 June 2019

News

Bermuda finance minister rings the bell to open TSX day of trading

Curtis Dickinson, the Bermudan finance minister currently travelling in Canada with a delegation of industry, government and regulatory representatives, launched the day of trading at the Toronto Stock Exchange (TSX) on Tuesday. 20 June 2019

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