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Bermuda re/insurer Hiscox has formed a partnership with an artificial intelligence startup that it hopes will improve the speed, accuracy, and cost of processes in its business. 9 August 2018
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Bermuda’s re/insurers will have been heartened by the findings of a recent report that suggests that commercial insurance pricing globally is continuing to rise steadily – if not dramatically – buoyed mainly by improvements in the pricing of property lines. 9 August 2018
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Law firm Carey Olsen Bermuda has appointed a senior associate with experience working in both the Bermuda Monetary Authority and the Regulatory Authority of Bermuda into its litigation team. 9 August 2018
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Aspen Insurance Holdings has announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect. 8 August 2018
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White Mountains Insurance Group has reported that it made a profit of $3 million in the second quarter of 2018, down severely on the $14 million it made in the same period of 2017. 8 August 2018
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Nephila Capital has announced that its plan to form its own managing agency has been given in principle approval by the Lloyd's Board, subject to regulatory authorisation. 8 August 2018
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Starr Insurance Companies has agreed to acquire the renewal rights of Aspen Insurance’s aviation business. The value of the aviation book is estimated to be in excess of $50 million in gross written premiums. 7 August 2018
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Argo Group has announced that its second quarter and first half 2018 profits fell slightly compared to the same period of 2017, but that it was making good progress with its overall business plan. 7 August 2018
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Everest Group subsidiary Everest Insurance has announced that Jessica Mann has joined the Everest Surety team as vice president, commercial surety lead, working in the company’s Houston office. In her role, Mann will be responsible for leading Everest’s expansion of commercial surety. 7 August 2018
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Argo Group International Holdings has announced the appointment of Thomas Bradley to its board of directors. 7 August 2018
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