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This year’s Atlantic hurricane season will see 14 named storms, according to researchers at Colorado State University (CSU). 5 June 2019
ILS
Bermuda re/insurers have seen substantial rate increases of 10-30 percent at the June 1 Florida property catastrophe renewals on loss-affected accounts, according to research from Morgan Stanley. 4 June 2019
News
White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an SEC-registered investment advisor focused on managing investment portfolios exposed to natural catastrophe event risk. 4 June 2019
News
Everest Insurance has named three new members to its professional liability group, which provides coverage for architects, engineers, lawyers, accountants and other professions incurring professional liability. 4 June 2019
ILS
SS&C GlobeOp, a financial technology company serving clientele of ILS funds, reinsurers, and hedge funds, has appointed Ken Mahadeo as head of fund administration for SS&C Fund Services in Bermuda. 4 June 2019
News
Bermuda-based Hamilton Re’s acquisition of Pembroke Managing Agency, which manages Lloyd’s Syndicate 4000, will help gradually increase the reinsurer’s underwriting performance by delivering a new line of business and geographic diversification, according to rating agency AM Best. 3 June 2019
ILS
French reinsurer SCOR has sponsored its second catastrophe bond under the UK’s insurance-linked securities regime (ILS), which will provide it with up to $250m in cover against named storms in the US, earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
ILS
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019. 3 June 2019
News
Jeremy Cox, the executive chair of the Bermuda Monetary Authority (BMA), will receive the fourth Fred Reiss Lifetime Achievement Award at this month’s Bermuda Captive Conference on June 11. 3 June 2019
Re/insurance
Talbot Underwriting, a subsidiary of AIG (previously Bermuda-based Validus Holdings) is to close its office in Australia and its division in Lloyd's China. 31 May 2019
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