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Peak Reinsurance Company, the Hong Kong-based global reinsurer and owner of Bermuda-based Peak Capital, has hired Sascha Bruns as director and head of global retrocession. 17 May 2021
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Skyway Capital Markets has hired Bart Zanelli, a banker with strong ties to Bermuda’s re/insurance sector, as managing director. 17 May 2021
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Everest Re Group will pay a dividend to shareholders in June. 14 May 2021
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The Bermuda Monetary Authority (BMA) will amend the rules governing the insurance sector to bring them into line with the requirements of its new cyber code of conduct. 14 May 2021
ILS
AM Best has assigned a financial strength rating of A (excellent) to Nectaris Re, an operating subsidiary of Nectaris Holdings, both of which are domiciled in Bermuda. The rating has a stable outlook. 14 May 2021
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The re/insurance industry must step up and play an important role in helping the global economy recover as it emerges from the shadow of the COVID-19 pandemic, according to Marc Grandisson, chief executive officer (CEO) of Arch Capital Group. 14 May 2021
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Monument Assurance Luxembourg, a subsidiary of Bermuda-based Monument Re, is poised to acquire AME Life Luxembourg (AMELL) from Covéa, the French mutual insurance group. 13 May 2021
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The Bermuda Stock Exchange (BSX) has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a partner exchange. 13 May 2021
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The Bermuda Monetary Authority (BMA) confirmed five new re/insurance entity registrations in April. 13 May 2021
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Conduit Holdings has hailed a successful first quarter of trading, insisting it has enjoyed strong broker and client support, with its legacy free balance sheet positioning it well to take advantage of the attractive conditions currently seen in the market. 13 May 2021
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