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The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that its members provided a collective boost of $834.3 million to Bermuda’s economy in 2015. 18 August 2016
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Marsh Captive Solutions has appointed Shelby Weldon as team leader of a group of captive management professionals in the Bermuda office. 17 August 2016
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S&P Global Ratings (S&P) has highlighted possible execution risks in Arch Capital Group’s (ACGL) $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC). 17 August 2016
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The Bermuda International Long Term Insurers and Reinsurers (BILTIR) association has awarded its first scholarship to Bermudian Imani Smith at the Association of Bermuda International Companies (ABIC) Education Awards meeting. 17 August 2016
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Arch Capital Group is to broaden its mortgage insurance operations through the acquisition of two businesses from American International Group (AIG) for approximately $3.4 billion. 16 August 2016
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AXIS Accident and Health has appointed Christian Romeih as vice president and business development manager of its Middle East and North Africa reinsurance business. 16 August 2016
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Hamilton Insurance Group has announced that Russell Fradin, the former CEO of Aon Hewitt, has joined its board of directors. 15 August 2016
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The chief executive of Freisenbruch-Meyer Insurance Services, whose headquarters was gutted by fire in July, has said he hopes to open the company’s office on Front Street by early September. 15 August 2016
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The National Oceanic and Atmospheric Administration (NOAA) has increased the possibility of damaging events and reiterating its prediction that the season will be the most active since 2012, in its 2016 Atlantic hurricane outlook update. 12 August 2016
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Tough market conditions make further growth in its reinsurance segment unlikely this year, Richard Whitt III, co-chief executive officer of Markel Corporation, said in a conference call next week covering the company’s second quarter results. 12 August 2016
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