News

News

XL Re opens operations in Middle East

XL Group’s reinsurance segment has today announced it will establish operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business.   23 April 2014

News

AXIS Capital announces David Phillips as chief investment officer

AXIS Capital Holdings Limited announced today the appointment of David Phillips as executive vice president and chief investment officer, effective April 17, 2014, and will report to Albert Benchimol, president & CEO.   23 April 2014

News

Poison pill tactics risk destroying value

Companies resisting overtures through the pursuit of poison pill provisions risk destroying value in the company, while exposing themselves to potential shareholder action.   22 April 2014

News

Endurance appoints global property insurance lead

Bermuda-based Endurance has appointed Richard Housley as executive vice president and global property insurance lead.   22 April 2014

News

Aspen highlights clash of cultures as it battles Endurance

Aspen has come back fighting following unsolicited overtures from Endurance to acquire the company, arguing that its collaborative teamwork-oriented culture is not compatible with Endurance’s centralised, top-down management model.   22 April 2014

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Endurance accuses Aspen of poison pill tactics

In their ongoing M&A battle, Endurance has accused Aspen’s board of pursuing poison pill tactics in order to fend off Endurance’s overtures.   22 April 2014

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Ironhealth enhances healthcare professional liability coverage

Ironhealth has strengthened its healthcare professional liability (HPL) coverage by increasing limits to $50 million and expanding the scope of its coverage to include exposures associated with a post healthcare reform environment.   22 April 2014

News

Florida’s stance on flood insurance may spell opportunity

Florida Insurance Commissioner Kevin McCarty has stated that Floridians should prepare for the 2014 hurricane season by enhancing their coverage to include flood insurance, creating potential opportunities for the market.   17 April 2014

News

ABIR members demonstrated ‘earnings power’ in 2013

Members of the ABIR wrote more business, built their capital positions and were increasingly profitable in 2013, a report by the association has found.   17 April 2014

News

EY names Cangany Bermuda senior partner

EY has named Pete Cangany as senior partner for its Bermuda operations. He will lead the firm’s insurance operations on the Island.   17 April 2014

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