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The Bermuda Business Development Agency has formed a new business development team to work with industry focus groups to devise and implement strategies for job preservation and growth. 21 August 2014
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Allied World has named its new CEO for the company’s global reinsurance operations as John Bender, who has overseen the company’s reinsurance platform globally since 2011. 21 August 2014
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XL’s North America distribution and network team has appointed Michael Kretiv as vice president and client distribution leader, primarily in order to drive business growth in Dallas and its surrounding region. 20 August 2014
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Alteris Insurance Services, a wholly-owned subsidiary of Argo Group, has launched a new specialty insurance program for large water-related entities in the contiguous US (excluding Alaska and Hawaii). 20 August 2014
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AM Best has become the final rating agency to revise its outlook on the global reinsurance sector to negative, citing ongoing market challenges which will hinder the potential for positive rating outlooks or upgrades. 20 August 2014
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Axco Insurance Information Services has appointed a Liberty Mutual executive as a business development manager in the US. 19 August 2014
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Multi-Strat Re has signed two agreements to take on the underwriting services of Till Capital and cede a portion of re/insurance business to its subsidiary, Resource Re. 19 August 2014
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Amlin delivered a good financial performance in the first half of 2014 against the backdrop of continuing rapid change in certain key markets, most notably reinsurance. 18 August 2014
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Eight new insurance entities were registered on Bermuda in July, including one Class 3 insurer and one special purpose insurer, according to the Bermuda Monetary Authority (BMA). 18 August 2014
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Fosun International Limited, a Shanghai based private equity firm, has entered into a definitive agreement with Ironshore to purchase ordinary shares that would represent 20 percent of Ironshore’s total outstanding shares. 18 August 2014
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