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ILS
As we approach the end of the year, Bermuda:Re+ILS asked senior re/insurance executives in Bermuda to review the most significant industry events of 2016 and offer their predictions for what 2017 will hold for the Bermuda market. 23 December 2016
News
Liberty Mutual Insurance has formed a sidecar on Bermuda that will offer it access to fully-collateralised third-party reinsurance capacity and investors access to US property-catastrophe business, US homeowners’ business and London Market specialty insurance. 22 December 2016
News
Bermuda-based Ironshore has said it will develop products designed to help manufacturing companies grappling with new technologies and risks including artificial intelligence, robotics and digital manufacturing. 22 December 2016
News
Enstar (EU), with its head office in Bermuda, has been appointed as a run-off manager for Gable Insurance, effective Dec.16, 2016. 21 December 2016
News
AM Best has placed Allied World Bermuda-based units under review with negative implications and S&P Global Ratings has placed Switzerland-based Allied World on CreditWatch with negative implications following the acquisition deal with Canada-based Fairfax. 21 December 2016
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Syncora Holdings, a Bermuda holding company whose subsidiaries primarily provide financial guarantee insurance and reinsurance, enjoyed solid growth in the first nine months of 2016 but its profits slipped primarily because of losses on credit default swaps and other swap contracts. 20 December 2016
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James River Group Holdings has appointed Sarah Doran as chief financial officer of the group’s holding companies, effective January 16, 2017. 20 December 2016
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XL Catlin, a subsidiary of Bermuda-based re/insurer XL Group, has expanded its partnership with S-RM, a specialist risk and business intelligence consultancy, in a deal that makes the latter’s kidnap response services available to XL Catlin’s kidnap & ransom policyholders worldwide. 19 December 2016
News
Aspen Insurance Holdings, a Bermuda-based insurer, has appointed Richard Thornton to the newly created position of group chief operating officer. 16 December 2016
News
Peter Holland has been appointed claims director of Bermuda-based Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group. 16 December 2016
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