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BMA licenses six re/insurance entities in June

The Bermuda Monetary Authority (BMA) registered six new re/insurance entities in June. 20 July 2021

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Vantage acquires US-based surplus lines insurer to expand US presence

Vantage Group Holdings, the specialty re/insurance group that launched in 2020, has acquired an Illinois-domiciled domestic surplus lines insurance company that is licensed in 47 states. 20 July 2021

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Arch Re poaches CFO from Hamilton Re

Arch Reinsurance has poached a new chief financial officer (CFO) from Hamilton Re. 20 July 2021

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Chubb to repurchase up to $5bn shares by June 2022

Chubb’s board of directors has authorised a one-time incremental share repurchase programme of up to $5 billion through June 30, 2022. 20 July 2021

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HSCM Bermuda helps finance $1bn Kin Insurance acquisition

Omnichannel Acquisition Corp, the publicly-traded special purpose acquisition company led by entrepreneur Matt Higgins, is poised to acquire Kin Insurance in a deal that will see the combined company listed on the New York Stock Exchange for around $1 billion. 19 July 2021

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Wind asset operators must improve fire risk management processes: Firetrace

A lack of clarity around the ownership of fire risk management is putting wind farms at greater risk of suffering fire damage, according to Firetrace, the provider of fire suppression technology. 19 July 2021

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Essent names special advisor to enhance private and public sector experience

Essent Group has hired a new special advisor to provide Mark Casale, its chairman and chief executive officer, with a new perspective on housing finance, and bring additional private and public sector experience to the business. 19 July 2021

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IQUW unveils new Bermuda office led by former Sompo exec

Specialty re/insurer IQUW has unveiled a new reinsurance operation in Bermuda. 19 July 2021

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Aspen names new CIO as Astwood moves into advisory role

Aspen Insurance Holdings has named a new group chief investment officer (CIO) as it wrestles with the heightened volatility in the markets in recent months. 16 July 2021

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AXA XL names new country leader for Singapore

AXA XL Insurance has named a new country manager for Singapore. 16 July 2021

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