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Severe snowfall in Spain led to business interruption and property losses tentatively estimated at nearly €1.8 billion ($2.2 billion) in January, according to AON’s latest monthly Global Catastrophe Recap report. 10 February 2021
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Arch Capital Group saw a slight decline in its full year profits for 2020, but reported a strong fourth quarter, with profits increasing and gross written premiums up. 10 February 2021
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The Bermuda Monetary Authority confirmed three new re/insurance entity registrations in January. 10 February 2021
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Lancashire Holdings has reported a sharp year on year fall in profit for 2020, but noted the dislocation and uncertainty caused by the COVID pandemic had increased the value of re/insurance to its clients. 10 February 2021
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Hudson Structured Capital Management (HSCM), the parent company of HSCM Bermuda, has arranged a financing transaction with Eldridge, a US based investment firm that invests in insurance as well as credit, technology, real estate and other sectors. 9 February 2021
Life
Third Point Reinsurance has made three senior hires to strengthen its leadership team ahead of its anticipated merger with Sirius International Insurance Group, which will form SiriusPoint. 9 February 2021
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Everest Re Group saw profit decline sharply in both the full year 2020 and the fourth quarter of 2020, but pointed to increased gross written premiums and a healthy balance sheet as evidence that the business remains in great shape. 9 February 2021
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Xceedance has entered a strategic partnership with Akur8 that is intended to deliver enhanced actuarial and analytics solutions to insurance companies. 9 February 2021
Life
Argo Group International Holdings has appointed Scott Kirk as chief financial officer. 9 February 2021
Life
Chubb has appointed Michael Mollica to lead its private and not-for-profit management liability business within the North America financial lines. 9 February 2021
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