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Beazley and RenaissanceRe have teamed up to launch a new reinsurance product providing Beazley with additional catastrophe cover for cyber events. The companies say it is one of the first cyber catastrophe insurance solutions backed by the capital markets. 9 January 2020
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The Association of Bermuda Insurers and Reinsurers (ABIR) has appointed RenaissanceRe’s Edward Mishambi as chair, and Hamilton Insurance’s Gemma Carreiro as deputy chair, of its policy committee. 9 January 2020
Life
The Bermuda Monetary Authority has appointed Craig Swan as deputy chief executive officer. 8 January 2020
ILS
Hanni Ali has been named senior vice president of strategic partnerships at Hamilton Insurance Group, with oversight of the company’s ILS platform, which has also been rebranded. 8 January 2020
Life
Global property and casualty re/insurer Watford Holdings has hired Liz Cunningham as chief risk officer. 8 January 2020
News
Bermuda International Long Term Insurers and Reinsurers (BILTIR) is inviting local students to apply for a 10 week summer internship with a member company. 8 January 2020
Life
Ray Santiago has been named executive vice president and leader of the US commercial management liability (CML) and financial institutions (FI) teams at Sompo International Holdings. 8 January 2020
ILS
Peak Re, the Hong Kong-based reinsurer, has increased capacity in Lion Rock Re II, its reinsurance sidecar that follows up Asia’s first sidecar transaction last year. 7 January 2020
Life
Mike Karmilowicz has been named executive vice president of Everest Insurance and president of Everest Insurance’s property and casualty business in North America. 7 January 2020
News
RenaissanceRe has priced an underwritten secondary public offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance (TMNFI). 7 January 2020
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