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Munich Re acquires Bermudian reinsurance block

Munich Re has completed its acquisition of Citi Holding’s Financial Reassurance Company 2010 (FRAC), a special-purpose financial insurance company based in Bermuda. 26 September 2016

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AXIS Capital introduces two new roles

AXIS Capital Holdings (AXIS Capital), a Bermuda-based provider of specialty re/insurance, has appointed Michiko Kurahashi as chief marketing officer (CMO) and Joe Cohen as chief communications officer (CCO). 23 September 2016

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AM Best revises rating outlook of Citadel Re to 'negative'

AM Best has revised the outlooks of Bermuda-based reinsurer, Citadel Reinsurance Company (Citadel Re), from stable to negative. 23 September 2016

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R&Q acquires US captive; transfers Bermuda staff

Randall & Quilter has completed its acquisition of United States Sports Insurance Company (USSIC), a wholly owned captive insurer of USA Swimming (USAS). As part of the acquisition, the directors of USSIC will be appointed from R&Q's exisiting staff in the US and Bermuda. 23 September 2016

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XL Catlin appoints country manager for Hong Kong office

XL Catlin has appointed Jamie Chambers as country manager for its Hong Kong office. 22 September 2016

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KARL expected to just miss Bermuda

Tropical depression KARL is expected to turn to a tropical storm on the evening of September 23 but will not directly impact Bermuda, according to the National Hurricane Center (NHC). 22 September 2016

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Markel CATCo expects Ghana cat to lead to losses due to FPSO technical issues

Markel CATCo Investment Management has announced that it has taken losses from an ongoing energy event off the west coast of Africa. 21 September 2016

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Aspen appoints former Chubb chief marketing officer for accident and health

Aspen Insurance has appointed Michael Feighan as senior vice president and US head of accident and health. 20 September 2016

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Catalina releases 2014/15 results

Catalina Holdings, a Bermuda-based re/insurer, has released its 2014/15 financial results. 20 September 2016

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Hiscox combines cyber risk and healthcare for US hospitals

Hiscox has combined the expertise of its healthcare and cyber underwriters in Bermuda and London to launch Healthcare Threat Protect, an insurance product that deals with a hospital’s professional and general liability as well as its growing cyber exposures. 20 September 2016

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