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Marsh & McLennan Companies (MMC) is purchasing Jardine Lloyd Thompson Group (JLT) for $6.4 billion. Both companies have offices and subsidiaries on Bermuda. 18 September 2018
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Ascot Group’s US MGU platform Ethos Specialty Insurance Services has appointed Rory Cline as president and chief executive officer (CEO). 18 September 2018
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Two leading Appleby Bermuda executives, Tim Faries and Eduardo Fox, participated on panels about captive insurance and compliance at the ALARYS & APOGERIS Congress in Porto, Portugal on 14 September. 17 September 2018
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AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Hamilton-based Associated Electric & Gas Insurance Services (AEGIS). 17 September 2018
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Fidelis Insurance Holdings is restructuring its business to deliver what it describes as enhanced focus and execution, and has also announced the departure of Ben Savill, the chief executive officer (CEO) of Fidelis Insurance Bermuda. 14 September 2018
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Validus Specialty Underwriting Services has announced the launch of its crisis management insurance solutions. 14 September 2018
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AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” of Bermuda-based RVI Guaranty and its subsidiary, RVI, America Insurance Company. 14 September 2018
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The Association of Bermuda International Companies (ABIC) is encouraging its members to champion the issue of diversity. Here, Patrick Tannock, ABIC chairman and CEO, Insurance at XL Bermuda, and Kirsten Beasley, ABIC D&I committee chairperson and head of Healthcare Broking, North America, Willis Towers Watson, offer their views on why this is important—and their own experiences of prejudice. 13 September 2018
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AXA announced that it has completed the acquisition of XL Group following the fulfilment of customary closing conditions, including approval by XL Group shareholders and all necessary regulatory approvals. 13 September 2018
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Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members. This team, led by vice president and cyber practice leader Kevin Sherry, is focused on providing cyber liability coverage and solutions to firms across all industries. 13 September 2018
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