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XL Catlin-backed insurtech fund XL Innovate has led the way in raising raised $16.5 million in Series C funding for Israeli maritime risk analytics start-up Windward. 3 July 2018
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Tom Booth, the former group chief financial officer (CFO) of Randall & Quilter Investment Holdings (R&Q) in Bermuda, has been appointed group CEO of European run-off insurance company DARAG. 2 July 2018
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Fidelis Insurance has announced that Jonathan Creagh-Coen has joined the company as head of strategic relationships. 2 July 2018
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The fourth Dive In Festival for diversity and inclusion in insurance will reach more cities than ever in 2018, marking outstanding growth since its inception in 2015 according to its organisers. 2 July 2018
ILS
Segregated account company Limestone Re has issued $278 million of participating notes to investors in a private placement transaction with Liberty Mutual. 29 June 2018
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Athene Holding has revealed that Athene Life Insurance Company of New York (ALICNY) and First Allmerica Financial Life Insurance Company (FAFLIC), a subsidiary of Global Atlantic Financial Group, have agreed to a consent order with the New York State Department of Financial Services (NYSDFS). 29 June 2018
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Sompo International Holdings has developed a new suite of weather-driven risk management products that it says are aimed at the real estate and hospitality sectors. 28 June 2018
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AXIS Capital Holdings has announced that Barbara Yastine will be joining the company’s board of directors, as from July 1, 2018. 28 June 2018
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Two senior American insurance regulatory leaders and the chief executive officer (CEO) of the UK government-backed terrorism reinsurer will be keynote speakers at a 25th-anniversary leadership forum hosted next month by the Association of Bermuda Insurers & Reinsurers (ABIR). 27 June 2018
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Assured Guaranty has announced that S&P Global Ratings (S&P) has affirmed the AA financial strength ratings on US bond insurers Assured Guaranty Municipal (AGM), Municipal Assurance Corp. (MAC) and Assured Guaranty Corp. (AGC); UK financial guarantor Assured Guaranty (Europe) (AGE); and Bermuda insurers Assured Guaranty Re (AGRe) and Assured Guaranty Re Overseas (AGRO). 27 June 2018
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