News

ILS

Eagle Re issues $498m in ILNs to finance Radian reinsurance cover

Radian Guaranty, the wholly owned subsidiary of Radian Group, has obtained $498 million of fully collateralised excess of loss reinsurance coverage from Eagle Re 2021-1, the newly formed Bermudian special purpose insurer.   23 April 2021

News

ABIR’s Earth Day message: Bermuda can lead the world in climate risk finance

Bermuda can be the world leader in climate risk finance, according to John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers (ABIR).   22 April 2021

News

Argo braced for impact of Winter Storm Uri on Q1 results

Argo Group International Holdings has warned that its first quarter 2021 results will be adversely affected by catastrophes losses, primarily related to Winter Storm Uri.   22 April 2021

Life

Everest reshuffles its financial and professional liability management team

Everest Insurance has made four leadership changes in its financial and professional liability business in a move it believes will position it to better meet the evolving needs of its customers.   22 April 2021

Life

AXIS Re appoints Lloyd’s casualty underwriter

AXIS Re has strengthened its global markets team with the appointment of Lisa Hiscock as senior underwriter for Lloyd’s casualty.   21 April 2021

News

Argo confirms virtual AGM following surge in Bermuda COVID cases

Argo Group International Holdings has responded to the recent increase in COVID-19 infection rates in Bermuda by confirming its 2021 annual general meeting (AGM) will be held in virtual format only.   21 April 2021

News

Larger carriers shunning coastal exposures: Stonybrook

Larger national carriers are shying away from coastal exposures, particularly in Florida and New England, where smaller, regionally focused carriers have higher market shares, according to a white paper by Stonybrook on the coastal homeowners market.   21 April 2021

News

AXA XL partners with Risk Control Technologies to enhance risk assessments for construction clients

AXA XL's North America Construction insurance business has entered into a partnership with a risk management software platform that will enhance its ability to advise clients about how to minimise risk exposures and loss.   21 April 2021

News

CCRIF provides $2.2m grant to St. Vincent and the Grenadines following volcano eruption

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has awarded a $2.2 million grant to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano.   20 April 2021

News

Everest warns of impact of Texas wind storms on Q1 results

Everest Re Group has released preliminary information on first quarter 2021 catastrophe losses, in advance of its full quarterly earnings, which will be released on April 28, 2021.   20 April 2021

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