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Premia Holdings has acquired Public Service Insurance Company (PSIC) and its wholly-owned subsidiary Western Select Insurance Company (WSIC) from the Director of the Illinois Department of Insurance, acting in her capacity as statutory and court affirmed Rehabilitator for PSIC. 11 January 2019
ILS
Against a backdrop of Californian wildfires and other 2018 catastrophe losses, along with trapped capital from 2017 events has contributed to November being the worst performing month for ILS funds, according to the December ILS market report by ILS Advisers based on the Eurekahedge ILS Advisers Index by Stefan Kräuchi and David Yao. 10 January 2019
ILS
Lumen Re, the specialist Bermuda-based collateralised reinsurer formerly known as Collateralised Re, and vehicle for LGT ILS Partners, has had its financial strength rating of A (Excellent) affirmed by AM Best for a second year. 10 January 2019
News
The Camp Fire wildfire in northern California was the costliest natural catastrophe event in 2018, with overall losses of $16.5 billion and insured losses of $12.5 billion, according to Munich Re's Natural Catastrophe Review 2018. 10 January 2019
ILS
Liberty Mutual has completed a $150 million reinsurance sidecar transaction through its Bermuda-domiciled segregated account company Limestone Re. 9 January 2019
News
Specialty and treaty re/insurance provider AXIS Capital has appointed Govind Balu as chief analytics officer. 9 January 2019
ILS
Specialty re/insurance underwriter Argo Group has renewed its Harambee Re sidecar reinsurer for 2019. 9 January 2019
News
Argo Group International Holdings has appointed Bill Wharton as head of Argo Insurance Bermuda, to also continue his role as head of professional lines in Bermuda. 8 January 2019
News
Dominic Addesso, the president and CEO of Everest Re Group, is set to retire at the end of 2019. 8 January 2019
ILS
Walkers Bermuda has appointed Sarah Demerling as partner in the firm's corporate finance and funds group. 8 January 2019
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