News

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AM Best has negative outlook for Lancashire

This reflects the trend in “outsized volatility” in Lancashire’s operating performance.   5 December 2022

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Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’

The lawsuit names the regulator and two of its staff members.   5 December 2022

ILS

Thinking inside the box: parametric risk and ILS

ILS Bermuda’s Convergence conference discussed parametric protection from four perspectives: buyer, seller, intermediary and public sector.   2 December 2022

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Arch Insurance North America appoints new president

This is a promotion for the CUO of Programs, Property and Specialty.   2 December 2022

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AXIS adds specialty package policy for manufacturers

The policy covers a range of exposures in one integrated insurance package.   2 December 2022

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Mosaic builds out global tax liability team with expert hires

Tax specialists will boost the global specialty firm’s tax-risk capability.   2 December 2022

ILS

Reduce, reuse, recycle: how to use capital efficiently

The spectre of trapped capital has heightened the desire for efficiency, according to a panel discussion during ILS Bermuda’s Convergence conference.   1 December 2022

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AM Best affirms ‘excellent’ FSR of Harrington Re

The company employs an “alternative asset strategy”.   1 December 2022

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AXA XL promotes Kareen Richardson to head of healthcare, Bermuda

Richardson began her career at XL Insurance (Bermuda).   1 December 2022

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Convex Re attracts former AXA XL chief to deputy CEO role

There is also a promotion to CUO for another who has made “tremendous contributions” to the company.   1 December 2022

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