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International General Insurance (IGI), which is registered in the Dubai International Financial Centre and has operations in Bermuda, experienced stable growth and a substantial increase in net profits in the first half of 2016, despite difficult market conditions. 30 August 2016
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Everest Re Group has finalised the sale of its US crop managing general agent (MGA), Heartland Crop Insurance, to CGB Diversified Services (CGB DS) for $49 million. 25 August 2016
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Allied World Assurance Company Holdings has appointed Dale Chow as senior vice president (SVP) of professional lines, for Allied World Bermuda. 25 August 2016
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Pervasive flooding caused by extensive rain in South Louisiana in the last two weeks has led to major property damage to approximately 60,000 homes and more than 7,364 businesses, as well as 13 deaths, according to AIR Worldwide. 25 August 2016
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Hurricane Gaston, which started as a tropical depression in the mid-Atlantic on August 22, should miss Bermuda entirely, according to the Bermuda Weather Service (BWS). 25 August 2016
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ArgoGlobal, a subsidiary of Argo Group, which is headquartered in Bermuda, has appointed Steve O’Gorman as head of marine. 24 August 2016
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Argo Group’s gross written premiums (GWP) increased by 4.4 percent to $1.08 billion in the first half of 2016, according to its mid-year report. 24 August 2016
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Willis Re has hired the former CEO of global re-specialty in Bermuda at Aon Benfield as its new chief executive of Willis Re Bermuda. 23 August 2016
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2015 saw a 3.5 percent decrease in traditional capital committed to reinsurance, falling $13 billion from the $370 billion at year-end 2014, according to the latest reinsurance market report from Willis Re. 23 August 2016
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Endurance Global Risk Solutions, a Bermuda-based specialty property/casualty provider, has introduced a workers’ compensation product for Global Risk Solutions clients, a line of business that addresses the middle market and large account risk management clients within specific global industry verticals. 23 August 2016
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