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Wholesale and specialty reinsurance broker Ed is planning to open an office in Bermuda some time in 2019. 10 December 2018
ILS
Markel CATCo, the retrocessional reinsurance investment specialist, is under investigation by regulators in US and Bermuda in relation to loss reserves recorded in late 2017 and early 2018, which proved to be inadequate. 7 December 2018
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AXA XL has appointed Shellé Hendrickson as head of healthcare in its Bermuda Insurance business. She succeeds Vivienne Moniz who was recently promoted to head of excess casualty, Bermuda. 7 December 2018
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Bermuda reinsurer Validus anticipates its losses stemming from the recent California wildfires will amount to around $60 million, its parent American International Group (AIG) has revealed. 6 December 2018
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In what might come as a surprise to some reinsurers on Bermuda, rating agency Moody’s has suggested that property/casualty insurers are displaying underwriting discipline globally, leading to it giving the sector a stable outlook. 6 December 2018
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Bermuda-based specialty re/insurer Sompo International Holdings has partnered with a Germany insurer to offer a new range of services to the agriculture sector globally. 6 December 2018
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Re/insurer Chubb, which retains substantial operations on Bermuda, has revealed a fascinating insight into the extent to which it believes leveraging technology could save it money. 5 December 2018
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Hamilton Insurance Group has poached a senior executive from Sirius Global Services who joins the business as senior vice president, strategy & corporate development. 5 December 2018
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As Bermuda’s life reinsurance sector continues to grow, players in this sector should look forward to dealing with clients enjoying stable conditions, according to Moody’s. 5 December 2018
News
The insurance industry is changing quickly, and technology is the primary catalyst transforming the sector, a report by PwC on insurtech trends has concluded. Bermuda:Re+ILS examines some of the main findings of the report. 5 December 2018
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