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Endurance Specialty Holdings, a Bermuda-based property/casualty re/insurer, has appointed Christopher Sparro as executive vice president and chief executive officer of US Insurance, effective September 12. 1 September 2016
News
Having weathered competitive and recessionary challenges, Bermuda is experiencing a renaissance of sorts. Turbulence and uncertainty in other global hubs are making the industry’s traditional incubator of change look very much like a safe harbour for companies seeking robust and innovative risk-transfer solutions. Bermuda:Re+ILS reports. 31 August 2016
ILS
The state of Latin America’s risk management industry will be discussed by a number of industry specialists at the 2016 ALARYS Congress in Bermuda, on September 25 – 27. 31 August 2016
ILS
Xuber’s second executive roundtable in Hamilton, Bermuda brought together a group of insurance and reinsurance industry leaders based on the island to discuss market conditions such as innovation, technology change and regulation. 31 August 2016
News
Qatar Re’s profits rose and gross written premiums increased in the first half of 2016, driven by client and broker relationship as well as its status as a re/insurer within Bermuda, despite experiencing what it called “unabated headwinds”. 30 August 2016
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International General Insurance (IGI), which is registered in the Dubai International Financial Centre and has operations in Bermuda, experienced stable growth and a substantial increase in net profits in the first half of 2016, despite difficult market conditions. 30 August 2016
News
Everest Re Group has finalised the sale of its US crop managing general agent (MGA), Heartland Crop Insurance, to CGB Diversified Services (CGB DS) for $49 million. 25 August 2016
News
Allied World Assurance Company Holdings has appointed Dale Chow as senior vice president (SVP) of professional lines, for Allied World Bermuda. 25 August 2016
News
Pervasive flooding caused by extensive rain in South Louisiana in the last two weeks has led to major property damage to approximately 60,000 homes and more than 7,364 businesses, as well as 13 deaths, according to AIR Worldwide. 25 August 2016
News
Hurricane Gaston, which started as a tropical depression in the mid-Atlantic on August 22, should miss Bermuda entirely, according to the Bermuda Weather Service (BWS). 25 August 2016
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