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Arch Insurance announced that Valerie Turpin has joined the company as executive vice president (EVP) and head of US property. She succeeds Michael Kmetz, who has taken a different role within the firm. 6 September 2018
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A new study by the Association of Bermuda Insurers & Reinsurers (ABIR) claims that Bermuda’s global (re)insurance market has a growing positive impact on the European Union, with companies providing critical coverage to European policyholders and businesses. 6 September 2018
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Capsicum Re is collaborating with catastrophe modelling firm AIR Worldwide as part of a joint effort to enhance the insurance industry’s modelling of “silent” cyber incidents. 5 September 2018
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In a new report S&P Global Ratings said that although the 2017 US hurricane season had a significant impact on returns, they had only been 1 percentage point higher than the cost of capital during the benign first half of 2017. 5 September 2018
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Bermuda-based Randall & Quilter Investment Holdings (R&Q) has restated its commitment to the risk retention group sector having completed its transaction in the past year. 4 September 2018
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Property catastrophe pricing remains at the mercy of the alternative capital market and any hope for near-term improvement in the market is directly correlated to the current level of excess capacity in the overall market today, according to AM Best. 4 September 2018
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Bermuda re/insurer Sompo International Holdings has said a new unit in Luxembourg represents a timely definition of its post-Brexit capabilities for clients around the world. 4 September 2018
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AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Bermuda-based INPEX Insurance (IIL). The outlook of these credit ratings is stable. 3 September 2018
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Everest Insurance, the diversified specialty insurance division of Everest Re Group, has announced that Vincent Vandendael has joined as CEO of Everest Insurance International. 3 September 2018
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Hiscox has brought in a new intelligent messaging solution for its customers, created by Boston-based insurance conversation platform Hi Marley. 3 September 2018
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