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Markel Corporation has created Markel Assurance, a new insurance division combining Markel’s wholesale (excess and surplus lines) and global insurance (complex, risk-managed accounts) divisions. 8 June 2017
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XL Catlin’s insurance operations has announced that Adias Gerbaud has been promoted to the title of head international environmental. 7 June 2017
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Arch Capital Group has announced that its 2017 second quarter pre-tax underwriting income could be hit by around $38 million relative to the quarterly run rate level of profitability associated with its property facultative reinsurance operations. 7 June 2017
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Sompo Canopius, which has a significant presence on Bermuda, has appointed Will Clark as the head of its new trade credit insurance team. 7 June 2017
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Bermuda-based James River Group Holdings has announced the closing of its previously announced underwritten secondary public offering of its common shares by a number of its shareholders. 6 June 2017
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Hudson Structured Capital Management and HSCM Bermuda Management Company have announced that Jason Carne will be joining the firm as an advisor and will focus on valuation and reinsurance. 6 June 2017
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Hamilton Re has announced that it has established its first special purpose vehicle, Turing Re. The vehicle will provide collateralised capacity for Hamilton Re’s global reinsurance portfolio. 6 June 2017
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Bermuda-based re/insurer Assured Guaranty has filed an adversary complaint challenging what it described as the Commonwealth of Puerto Rico’s illegal diversion of special revenue bond collateral that secures the payment of bonds (PRHTA Bonds) issued by the Puerto Rico Highways and Transportation Authority (PRHTA). 5 June 2017
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XL Catlin has appointed Aiden Joo as senior underwriter in New York, as it announced that it is extending its structured risk solutions underwriting capabilities to the US. He will report to Rob Turner, XL Catlin’s global head of structured risk solutions in London. 5 June 2017
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Everest Re Group has added two new members to its risk management underwriting team. Jeff Benzin has joined Everest Insurance as vice president and head of the Midwest Region and John Romano joins as a vice president. 2 June 2017
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