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MS Amlin Asia Pacific (MS AAP) has launched a local special purpose reinsurance vehicle in Singapore, Phoenix 1 Re, to provide collateralised capacity to support MS Amlin Syndicate 2001’s Asia reinsurance portfolio through its Singapore based underwriting platform. 5 January 2021
News
Sompo International Holdings has completed the acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises. 5 January 2021
News
Resolution Life Group Holdings, a global manager of in-force life insurance businesses with operations in Bermuda, the UK, the US, Australia and New Zealand, has completed the acquisition of Voya Financial’s individual life in-force business. 5 January 2021
News
Enstar Group has signed an agreement with Continental Casualty Company (CNA) via one of its wholly owned subsidiaries to reinsure a legacy portfolio of excess workers’ compensation business. 4 January 2021
Life
Arch Capital Group (ACG) has promoted Nicolas Papadopoulo to the position of president and chief underwriting officer. 4 January 2021
News
Premia Holdings has formed Elevation Re (SPC), a sidecar vehicle that provides collateralised reinsurance support for Premia’s activities in the global P&C run-off market. 4 January 2021
News
Nexus Group has completed its acquisition of the Hiscox MGA marine business (HMM) from Hiscox MGA. 4 January 2021
News
The Bermuda Monetary Authority (BMA) has imposed civil penalties totalling $400,000 on Crown Global Life Insurance and Crown Global Life Insurance (Bermuda) for failing to comply with anti money laundering (AML) regulations. 4 January 2021
News
Fleming Reinsurance has established a custom reinsurance facility with BevCap P&C Protected Cell (BevCap). 4 January 2021
News
Bermuda-based Argo Group International Holdings has agreed to sell its Italian operations, ArgoGlobal Assicurazioni, to Perfuturo Capital, a Swiss Holding Company. 24 December 2020
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