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Insurance-linked securitisation (ILS) has transformed the market, especially in the property catastrophe space, as it brings third-party capital into the reinsurance sector according to a new report from S&P Global Ratings. 15 August 2018
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Everest Re Group has announced that Ike Barbatsoulis has been appointed as chief reinsurance claims officer for Everest’s reinsurance division. 15 August 2018
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XL Catlin’s North America Construction business has expanded its underwriting team with the addition of Jillian Eckert and Laura Travis in Philadelphia, in what the company described as a bid to address the construction industry’s excess casualty insurance needs. 14 August 2018
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AXIS Capital Holdings has announced that Anne Kelly has been appointed global head of ceded reinsurance. 14 August 2018
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Armour Group has announced two senior appointments, as a part of what it described as its continued growth strategy and execution of its global build-out for new business sourcing and new product development. 13 August 2018
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AM Best has stated that the financial strength rating of A- (Excellent) and the long-term issuer credit rating (ICR) of “a-“ of Maiden Reinsurance and Maiden Reinsurance North America, both subsidiaries of Maiden Holdings, are unchanged after its recent strategic review, along with leadership changes. 13 August 2018
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Bermuda re/insurer Maiden Holdings has announced a shake-up of its senior management under which Patrick Haveron, the boss of its reinsurance operations, will take a much more prominent role in the business and Lawrence Metz, its general counsel and secretary, take the overall reins. 10 August 2018
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Bermuda re/insurer Maiden Holdings made further losses in the second quarter of 2018 and its gross written premiums also dipped as it continues to grapple with the impact of the operational changes taking place in underlying claims associated with AmTrust, a significant part of the portfolio. 10 August 2018
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The importance of fintech and the potential for Bermuda to install an undersea cable 'corridor' in Bermuda waters, which could make Bermuda a hub for trans-Atlantic fiberoptic links, were two of the ideas the Bermuda Business Development Agency (BDA) will now explore following the submission of BDA-funded research papers on economic diversification. 10 August 2018
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Bermuda-based Aspen Insurance has poached an experienced energy underwriter from Advent Underwriting, boosted the depth of experience in the London-based team considerably. 9 August 2018
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