News

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Mosaic appoints global head of M&A to spearhead its transactional liability business

William Monat has joined Mosaic as executive vice president and global head of mergers and acquisitions (M&A) to spearhead its transactional liability business globally.   1 April 2021

News

Varney Re becomes the latest member of the growing Class of 2020-21

A family-run insurance agency in Maine has become the latest group to launch a new Bermuda-based reinsurance company, the latest member of the growing class of 2020-21.   1 April 2021

News

Sompo strengthens its strategic distribution and development team

Sompo International Holdings has made a number of hires as it looks to build up its strategic distribution and development team in its international insurance business.   1 April 2021

News

Spiegel “honoured” to become chairman of R&Q as co-founder Randall steps down

Ken Randall has retired as executive chairman of Randall & Quilter Investment Holdings (R&Q), with William Spiegel stepping up to succeed him in the role. Randall has also stepped down as a director of R&Q.   1 April 2021

News

Aspen Insurance reports a loss for 2020, insists improved performance is encouraging

Aspen Insurance Holdings reported a loss for the full year in 2020 but reduced the size of the loss considerably compared to the previous year, insisting that its underlying performance, discounting the impact of COVID, offered signs of encouragement.   31 March 2021

News

Starr unveils Environmental Shield product to help manage increasing compliance challenge

Starr Insurance Companies, which has operations in Bermuda as well as the US, Europe and Asia, has unveiled Environmental Shield, a customised environmental insurance product.   31 March 2021

News

AM Best assigns A rating to Cedar Hamilton citing explicit support from parent Nuclear Electric

AM Best has assigned Cedar Hamilton a financial strength rating (FSR) of A (excellent) with a stable outlook.   31 March 2021

ILS

Arch MI secures $643m of indemnity reinsurance via its first SOFR-linked Bellemeade Re deal

Arch Mortgage Insurance Company (Arch MI) has secured over $643 million of indemnity reinsurance on a pool representing approximately $38 billion of mortgages from Bellemeade Re 2021-1, a special purpose reinsurer.   31 March 2021

Re/insurance

Re/insurers need a strong ESG strategy in order to thrive: RenRe

As RenaissanceRe places its new ESG strategy at the heart of its operations, chief risk officer Ian Branagan tells Bermuda:Re+ILS how the strategy was created and why it matters now more than ever.   31 March 2021

Life

Everest hires group chief transformation and shared services leader from Chubb

Everest Re Group has appointed Anne Rocco as senior vice president and group chief transformation and shared services leader.   30 March 2021

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