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LGT ILS Partners' Lumen Re gets Excellent rating for second year

Lumen Re, the specialist Bermuda-based collateralised reinsurer formerly known as Collateralised Re, and vehicle for LGT ILS Partners, has had its financial strength rating of A (Excellent) affirmed by AM Best for a second year. 10 January 2019

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Climate change impacting reinsurers' bottom lines

The Camp Fire wildfire in northern California was the costliest natural catastrophe event in 2018, with overall losses of $16.5 billion and insured losses of $12.5 billion, according to Munich Re's Natural Catastrophe Review 2018. 10 January 2019

ILS

Limestone Re Bermuda sidecar in $150m collateralised re deal with Liberty Mutual

Liberty Mutual has completed a $150 million reinsurance sidecar transaction through its Bermuda-domiciled segregated account company Limestone Re. 9 January 2019

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AXIS Capital appoints chief analytics officer

Specialty and treaty re/insurance provider AXIS Capital has appointed Govind Balu as chief analytics officer. 9 January 2019

ILS

Harambee Re sidecar renewed for sixth time

Specialty re/insurance underwriter Argo Group has renewed its Harambee Re sidecar reinsurer for 2019. 9 January 2019

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Argo Group appoints Bermuda head

Argo Group International Holdings has appointed Bill Wharton as head of Argo Insurance Bermuda, to also continue his role as head of professional lines in Bermuda. 8 January 2019

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Everest Re Group CEO to retire in 2019

Dominic Addesso, the president and CEO of Everest Re Group, is set to retire at the end of 2019. 8 January 2019

ILS

Funds and ILS specialist joins Walkers Bermuda as partner

Walkers Bermuda has appointed Sarah Demerling as partner in the firm's corporate finance and funds group. 8 January 2019

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White Mountains invests in US telematics insurer

White Mountains Insurance Group has acquired a minority stake in Noblr, a San Francisco-based car insurance company that uses telematics data to give drives real-time rates based on their driving. 8 January 2019

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ABIR appoints AXIS Capital CEO as chair

The Association of Bermuda Insurers & Reinsurers (ABIR) has appointed Albert Benchimol, president and CEO of AXIS Capital, as its chair for 2019-20. 8 January 2019

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