News

Life

AXA XL makes three promotions in its US risk management team

AXA XL has promoted Jason Mandik to head of the Chicago-based US risk management team in the US central zone.   7 January 2021

News

Brady Head named product line officer for D&O liability insurance at BHSI

Brady Head has joined Berkshire Hathaway Specialty Insurance (BHSI) as senior vice president and product line officer for D&O liability insurance in North America.   7 January 2021

News

Reinsurers should focus on hiring younger staff, says Argo's Wharton

Re/insurers in Bermuda should avoid competing for a finite pool of experienced staff and instead focus on attracting young and relatively junior talent, according to Bill Wharton, head of Argo Insurance, Bermuda.   6 January 2021

News

DARAG completes legacy transaction with US retailer

DARAG Group, the legacy acquirer with operations in Bermuda, has concluded a transaction with a major US retailer to provide finality to its legacy workers compensation liabilities.   6 January 2021

Life

Arch beefs up credit and political risk team with new hire

Arch Insurance International has appointed Tim Watson as senior underwriter for credit and political risk.   6 January 2021

News

BMA cancels registration for Economic Risk Insurance

The Bermuda Monetary Authority (BMA) has cancelled the insurance registration of Economic Risk Insurance (ERI), a Class 3 insurer, for breaches of the Insurance Act 1978.   6 January 2021

ILS

MS Amlin launches Singapore-based ILS vehicle Phoenix 1 Re

MS Amlin Asia Pacific (MS AAP) has launched a local special purpose reinsurance vehicle in Singapore, Phoenix 1 Re, to provide collateralised capacity to support MS Amlin Syndicate 2001’s Asia reinsurance portfolio through its Singapore based underwriting platform.   5 January 2021

News

Sompo promises to revolutionise the agriculture industry with DCIS acquisition

Sompo International Holdings has completed the acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises.   5 January 2021

News

Resolution Life acquires Voya's individual life in-force business

Resolution Life Group Holdings, a global manager of in-force life insurance businesses with operations in Bermuda, the UK, the US, Australia and New Zealand, has completed the acquisition of Voya Financial’s individual life in-force business.   5 January 2021

News

Enstar signs legacy reinsurance agreement with Continental Casualty

Enstar Group has signed an agreement with Continental Casualty Company (CNA) via one of its wholly owned subsidiaries to reinsure a legacy portfolio of excess workers’ compensation business.   4 January 2021

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