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Axis Insurance and Fidelis Insurance have provided reinsurance to support Piiq Risk Partners' first insurance-backed aviation finance transaction. 13 April 2021
Life
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Peter Smith to the newly created role of executive vice president (EVP) and managing director. 13 April 2021
News
Severe convective storms and flooding in March caused an estimated $2 billion of damage in the US, according to Aon’s monthly Global Catastrophe Recap report, leaving public and private insurers with losses likely to be in excess of $1 billion. 13 April 2021
News
Assured Guaranty Municipal Corp (AGM) and Assured Guaranty Corp (AGC) have reached an agreement in principle to settle their insured exposure to Puerto Rico Highway and Transportation Authority and other Puerto Rico clawback credits. 13 April 2021
News
The Bermuda Monetary Authority (BMA) has unveiled a new team specialising in the licensing and supervision of innovative business model proposals to address climate change risk and the associated protection gap. 12 April 2021
Life
MS Amlin Underwriting (MS AUL), the Lloyd’s market re/insurer, has appointed Sam Geddes as head of the property and allied lines division. 12 April 2021
ILS
Kathleen Faries has been appointed as the new chief executive officer (CEO) of Horseshoe, the insurance linked securities specialist and fund administrator. 12 April 2021
News
Capital dedicated to the global reinsurance industry saw year on year growth of 7 percent in 2020, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of Willis Towers Watson. 12 April 2021
Life
Gallagher Re, the global reinsurance broker, has unveiled a new cyber reinsurance team in Bermuda. 12 April 2021
News
Watford Holdings has completed the purchase of Axeria IARD (Axeria), a French property and casualty insurance company with offices in Lyon, Lille and Bordeaux. 12 April 2021
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