Seven severe convective storms affecting central and eastern parts of the US in May will trigger insurance industry payouts worth billions of dollars, according to Aon, the highest May tally since 2015. 7 June 2019
Reinsurers' sentiment is increasingly positive, with underwriters “more willing to push for price increases across business lines,” according to S&P Global. 7 June 2019
Aspen Re, the reinsurance segment of Aspen, has appointed Meredith Head as head of North America property catastrophe, effective September 2019. 6 June 2019
Athene Holding, a provider of retirement savings products, is planning an opportunistic offering of preference shares to help fund Athene Co-Invest Reinsurance Affiliate (ACRA) – its strategic capital solution. 6 June 2019
Motive Partners, a US-based investment company focused on the technology sector, has named Bermuda insurance veteran Stephen Catlin to its Global Advisory Council (GAC). 5 June 2019
NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. 5 June 2019
Bermuda re/insurers have seen substantial rate increases of 10-30 percent at the June 1 Florida property catastrophe renewals on loss-affected accounts, according to research from Morgan Stanley. 4 June 2019
