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Ascot US Holding Corporation has acquired Colorado domiciled Greyhawk Insurance Company and its wholly owned subsidiary Greyhawk Specialty Insurance Company. 22 May 2018

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Everest Specialty Underwriters adds three executives to financial lines

Everest Specialty Underwriters (ESU), a subsidiary of Everest Insurance, has expanded its financial lines portfolio with the addition of three new colleagues on the private company/not-for-profit business team. This segment’s focus is on providing creative management liability insurance solutions for private and not-for-profit insureds. 22 May 2018

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Caines confident on Bermuda’s fintech future

Bermuda’s Minister of National Security Wayne Caines has claimed that the Island can become a major hub for financial technology (fintech). 21 May 2018

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Better technology key for executives, claims AdvantageGo survey

Upgrading technology is the number one concern for insurance and reinsurance executives, according to a global survey of industry leaders carried out by AdvantageGo. 21 May 2018

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Sompo Holdings projects 2018 recovery after 2017 profit decrease

Sompo Holdings has revealed that its consolidated ordinary profit for full year 2017 decreased by ¥99.8 billion to ¥141.8 billion ($1.28 billion), mainly due to the impact of hurricanes in North America and large losses. 18 May 2018

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Tangency Capital launches ahead of hurricane season

Hedge fund backed ILS venture Tangency Capital has launched with $50 million in assets under management and with offices in Bermuda and London, according to a May 16 Reuters report. It will invest in non-life reinsurance risks ahead of the next hurricane season. 18 May 2018

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Colonial buys minority stake in Beacon Insurance

Bermuda-based Colonial Group International has acquired a minority interest in Beacon Insurance Company of Trinidad & Tobago. 18 May 2018

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XL Catlin boosts M&A capacity by 20%

XL Catlin has extended its global mergers and acquisitions (M&A) capacity to $60 million, an increase of 20 percent. 17 May 2018

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Fidelis takes stake in Aware Specialty

Fidelis Insurance will be providing underwriting capacity to Aware Specialty after taking an equity stake in the new MGA. 17 May 2018

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Bermuda signs up to new blockchain partnership

Bermuda Premier David Burt has announced a $10-million partnership with blockchain network Shyft as he attended the cryptocurrency conference Consensus 2018 in New York. 16 May 2018

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