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Reinsurance regulatory veteran joins Carey Olsen Bermuda

Offshore law firm Carey Olsen Bermuda has announced that Gavin Woods will join its corporate practice. 29 August 2018

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Aspen acquired by Apollo

Aspen Insurance Holdings has announced that it has entered into a definitive agreement under which it will be acquired by investment funds managed by affiliates of Apollo Global Management. 28 August 2018

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BMA hires new executive for digital asset business

The Bermuda Monetary Authority (BMA) has hired Moad Fahmi, as senior advisor, supervision (financial technology), adding that he will be responsible for the supervision of digital asset businesses under the Digital Asset Business Act 2018. 28 August 2018

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Latest student interns complete Hamilton Re programme

Hamilton Re has announced that its 2018 summer interns, Tomisha Goater and Amon Wedderburn, have completed a ten-week programme that offered insight into the company. 28 August 2018

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Beat Capital Partners and Paraline UK to merge

Beat Capital Partners and Paraline UK are to merge in what they described as a bid to enhance and further build Beat’s platform to support independent underwriting businesses. 24 August 2018

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Arch MI buys indemnity reinsurance from Bellemeade Re

Arch Mortgage Insurance Company, a subsidiary of Arch Capital Group, has obtained $653.3 million of indemnity reinsurance from Bellemeade Re 2018-2, a special purpose insurer. 24 August 2018

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S&P report claims M&A on the mind of global reinsurers

S&P Global Ratings has claimed in a new report that tough market conditions for global reinsurers are forcing them to review their long-term relevance. 24 August 2018

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AM Best affirms Harrington Re ratings

AM Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the long-term issuer credit rating (long-term ICR) of “a-” of Bermuda-based Harrington Re. 23 August 2018

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Hiscox subsidiary provides access to UK drone cover

Moonrock Insurance, a specialist commercial drone insurer underwritten by Hiscox, is to provide wholesale access to its drone insurance. 23 August 2018

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Partner Re European subsidiaries fined by Central Bank of Ireland

PartnerRe Ireland Insurance and Partner Reinsurance Europe have been fined a total of €1.5 million by the Central Bank of Ireland. 23 August 2018

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