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Arch Mortgage Insurance Company (Arch MI) has secured nearly $452 million of indemnity reinsurance on a pool representing approximately $31 billion of mortgages from Bellemeade Re 2020-3, a special purpose reinsurer. 4 November 2020
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Total onshore US insured losses from Hurricane Zeta will come in at between $3 billion and $5 billion, according to an estimate by RMS, the catastrophe risk solutions company. 4 November 2020
Life
ArgoGlobal, the Lloyd’s insurer, has appointed Henry Gillingham as a political violence and war class underwriter, a new segment for Argo’s Syndicate 1200. 4 November 2020
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Arch Capital Group and Watford Holdings have revised their definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. 3 November 2020
Life
AXIS Insurance has appointed Kristopher Williams and Melissa Marsh as renewable energy underwriters, while Kevin Motta has also joined as an assistant renewable energy underwriter. 3 November 2020
News
Stonybrook Capital, the investment bank for the re/insurance industry that has a presence in Bermuda, has advised Northeast Coverages on the acquisition of Texas managing general agency and surplus lines broker AUI. 3 November 2020
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Argo Group International Holdings has reported a year on year increase in its third quarter losses, but insisted it is heading in the right direction as it restructures its business. 3 November 2020
News
HSCM Bermuda, part of Hudson Structured Capital Management, will take a majority stake in Southern Fidelity Insurance Company (SFIC) and its affiliated entities. 3 November 2020
Life
Chubb has named Jason Luyt as senior vice president and chief underwriting officer for international accident and health (IAH). 3 November 2020
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Sompo International Holdings has appointed Sara Gundersen as executive vice president and Asian risk solutions segment leader. 2 November 2020
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