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The market is moving in the right direction on rates but the landscape is becoming increasingly complex. Whatever the shape of the future Bermuda remains well positioned as a global risk hub, said panellists at the annual Bermuda:Re+ILS Monte Carlo Roundtable, in association with Markel Re. 11 September 2019
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Re/insurer AXA XL is combining its Bermuda and London reinsurance platforms to create a global markets business focused on catastrophe, casualty and specialty lines led by Rob Littlemore, chief executive officer of its London reinsurance business. 10 September 2019
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Aspen Insurance Holdings has appointed Mary Kotch as chief information officer with immediate effect. 10 September 2019
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Bermuda continues to be a leader in nat cat coverage, and is becoming the leader in some specialty lines including cyber, according to John Huff, president of the Association of Bermuda Insurers and Reinsurers (ABIR). 10 September 2019
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Convex, Stephen Catlin’s new venture has now recruited 90 people including 20 product leaders and is opportunistically writing business—but it plans to really hit the ground running from the start of 2020, Catlin told Monte Carlo Today. 10 September 2019
ILS
The ILS market is entering an exciting new chapter defined by innovation, new risks and geographical diversity, but also more transparency and corporate governance, Andre Perez of Horseshoe Group, the largest ILS services provider in the world, tells Bermuda:Re+ILS. 9 September 2019
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Ed Broking announced in June 2019 that it was setting up its first office on Bermuda. Bermuda:Re+ILS talks to the new office’s CEO Chris Bonard about why the broker chose Bermuda and what it hopes to achieve next. 9 September 2019
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American International Group (AIG) will begin affirmatively covering or excluding physical and non-physical cyber exposures for virtually all of its commercial property and casualty insurance policies as of January 2020. 9 September 2019
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Liberty Specialty Markets (LSM) has appointed Alexander Montoya as president of US, Bermuda and LatAm, effective immediately. 9 September 2019
ILS
Horseshoe, the ILS service provider, has unveiled its new brand, inspired by rowing. 8 September 2019
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