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Catastrophes and weather events were a drag on AXIS Capital profits for both the full year 2019 and Q4, but the re/insurer nevertheless achieved significant improvements in its profitability for the year. It delivered losses in the final quarter, but kept them much lower than it had in Q4 2018. 30 January 2020
Life
Aspen Insurance has appointed Andrew Kudera as executive vice president and group chief actuary, with Paul Frydas, Aspen’s former group chief actuary, becoming chief analytics officer. 30 January 2020
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Everest Insurance is partnering with Dovetail, a Victor company, to offer its workers’ compensation product through Dovetail’s online platform. 29 January 2020
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Market pricing will gain momentum in April and June 2020, according to rating agency Fitch, after a disappointing January 2020 renewal season for reinsurers. 29 January 2020
News
Michael Esposito, Frederick Arnold, Robert Mills, Robert Strong and Robert Lichten have resigned from Syncora Holdings’ board of directors, after shareholders approved the board’s recommendation to adopt its plan of liquidation. 29 January 2020
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Watford Holdings expects to report a 2019 Q4 net loss, primarily due to a strengthening of net loss reserves of approximately $28 million across the current and prior accident years. 29 January 2020
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Appleby is sponsoring a Canadian Technology Summit in Bermuda this week, with the keynote event being given today at the Hamilton Princess. 28 January 2020
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Everest Insurance has partnered with insurance brokerage Embroker to provide a new online lawyers’ professional liability programme for law firms with up to ten employed attorneys. 27 January 2020
News
HSCM Bermuda, the arm of Hudson Structured Capital Management that invests in re/insurance assets, has led a $50 million capital raise for Gracie Point Holdings. 27 January 2020
Life
Fidelis has appointed John Symms as head of outwards reinsurance to support the growth of its reinsurance partnerships and the increasingly important quota share relationships across multiple lines of business. 27 January 2020
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