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Flood forecasting insurtech Previsico appoints former RMS executive to its board

UK-based flood forecasting insurtech Previsico has appointed Matthew Grant, formerly of RMS, as a board advisor. 25 June 2020

ILS

ILS needs a buoyant secondary market to thrive - but electronic platforms must come first: Adderley

A secondary market for ILS can only emerge once the broader market fully embraces electronic platforms, according to Brad Adderley, a partner at Appleby in Bermuda. 25 June 2020

ILS

Willis Re places €100m ILS deal for Achmea Re

Willis Re Securities and Willis Re have structured and placed €100 million of insurance-linked securities (ILS) for Achmea Reinsurance Company, the reinsurance arm of Dutch insurance group Achmea. 24 June 2020

News

AXA XL offers enhanced risk evaluation service for North America construction clients

AXA XL’s North America construction insurance business has added an enhanced risk evaluation resource from TradeTapp, a preconstruction service from Autodesk Construction Cloud's BuildingConnected. 24 June 2020

News

Arch Capital prices $1bn senior notes offering

Arch Capital Group has priced an offering of $1 billion aggregate principal amount of 3.635 percent senior notes due 2050. 24 June 2020

ILS

Nephila prepares to launch Lloyd’s Syndicate 2357

The Lloyd's Council has agreed in principle to Nephila Capital’s plan to form a new syndicate. 24 June 2020

News

Compre to establish presence in Bermuda

Compre, the independent specialist legacy acquirer, has received approval in principle from the Bermuda Monetary Authority (BMA) to establish a Class 3A reinsurer in Bermuda. 24 June 2020

News

HSCM poised to take control of Weston Insurance

Hudson Structured Capital Management Bermuda (HSCM) is poised to take majority control of Weston Insurance Holdings Corporation (WIHC), the parent of insurance carriers Weston Insurance Company and Anchor Specialty Insurance Company. 23 June 2020

News

BF&M reports Q1 net loss

BF&M made a net loss in Q1 2020, blaming market volatility for the turnaround. 23 June 2020

News

Cyber attacks less common but more costly: Hiscox

The number of US businesses that experienced an attack fell this year - but the cost of each individual attack rose, according to the annual Hiscox Cyber Readiness Report 2020. 23 June 2020

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