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Ratings agency Moody's has adjusted its ratings outlook of Bermuda-based AXIS Capital Holdings from stable to negative, primarily reflecting lower capitalisation and higher operating and financial leverage relative to peers. 4 April 2019
News
Bermuda-based Monument Re has acquired a run-off portfolio of linked and traditional business from MetLife Europe, although financial terms of the transaction were not disclosed. 3 April 2019
News
The Lloyd’s operations of the Bermuda re/insurance sector largely underperformed in 2018, with all of their managing agents reporting underwriting losses, according to a report from equity research firm Jefferies. 3 April 2019
News
AXA XL has appointed Jennifer Minors as senior vice president, product line leader, within its Bermuda professional lines insurance business. 3 April 2019
News
Specialty re/insurer Sompo International has appointed Christopher Gallagher as the Bermuda-based CEO of its commercial property and casualty business, SI Commercial P&C. 2 April 2019
ILS
Chris McKeown, the former CEO of AXA XL's Bermuda-based asset manager New Ocean Capital Management, has stepped down from his role as vice chairman and left the company to pursue other interests. 2 April 2019
ILS
Guernsey has introduced a new "hybrid" ILS vehicle - a protected or incorporated cell company that is both a licensed insurance company and a regulated investment fund. 1 April 2019
News
ArgoGlobal, Lloyd's insurer and member of Argo Group, has appointed Helen Donegan as head of operations for Europe, Middle East and Asia. 1 April 2019
ILS
Specialty re/insurer Brit has appointed Kristina Maffit to the property reinsurance team for Brit Global Specialty Bermuda (BGSB) as vice president. 1 April 2019
News
Monument Re, a Bermuda-based reinsurer and acquirer of European portfolios, has entered into a deal to acquire a €140m ($157.2m) portfolio of Irish annuities from Rothesay Life, a UK provider of insurance solutions for pensions de-risking. 1 April 2019
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