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AXA XL has appointed Shellé Hendrickson as head of healthcare in its Bermuda Insurance business. She succeeds Vivienne Moniz who was recently promoted to head of excess casualty, Bermuda. 7 December 2018
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Bermuda reinsurer Validus anticipates its losses stemming from the recent California wildfires will amount to around $60 million, its parent American International Group (AIG) has revealed. 6 December 2018
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In what might come as a surprise to some reinsurers on Bermuda, rating agency Moody’s has suggested that property/casualty insurers are displaying underwriting discipline globally, leading to it giving the sector a stable outlook. 6 December 2018
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Bermuda-based specialty re/insurer Sompo International Holdings has partnered with a Germany insurer to offer a new range of services to the agriculture sector globally. 6 December 2018
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Re/insurer Chubb, which retains substantial operations on Bermuda, has revealed a fascinating insight into the extent to which it believes leveraging technology could save it money. 5 December 2018
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Hamilton Insurance Group has poached a senior executive from Sirius Global Services who joins the business as senior vice president, strategy & corporate development. 5 December 2018
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As Bermuda’s life reinsurance sector continues to grow, players in this sector should look forward to dealing with clients enjoying stable conditions, according to Moody’s. 5 December 2018
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The insurance industry is changing quickly, and technology is the primary catalyst transforming the sector, a report by PwC on insurtech trends has concluded. Bermuda:Re+ILS examines some of the main findings of the report. 5 December 2018
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In a move of interest to many re/insurers on Bermuda, Fitch Ratings has indicated that the landscape for US property and casualty (P&C) insurers has improved by revising the sector’s outlook to stable from negative. 4 December 2018
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The Bermuda insurance sector’s resilience to potential catastrophe events further strengthened in 2017 as the market’s exposure to cat losses dropped and the industry’s capital and surplus increased, according to a new report by the Bermuda Monetary Authority (BMA). 4 December 2018
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