News
News
Peak Re (BVI) Holding, the wholly owned subsidiary of Hong Kong-based global reinsurer Peak Reinsurance Company that also has operations in Bermuda, has issued $250 million of perpetual subordinated guaranteed capital securities at 5.35 percent. 28 October 2020
Life
MS Amlin Underwriting, the Lloyd’s re/insurer, has appointed Johan Slabbert as chief executive officer. 28 October 2020
News
AXIS Insurance has entered a partnership with Slice Labs, an insurtech firm, that will see Slice Labs distribute its home based business insurance on its on-demand insurance platform. 28 October 2020
News
Chubb has reported an increase in profitability for the third quarter of 2020 compared to the same period in the previous year, with the hardening market offsetting the challenging circumstances presented by the global pandemic and an active Atlantic hurricane season. 28 October 2020
News
RenaissanceRe Holdings has reported a significant year on year increase in its profitability for the third quarter of 2020, in what its president and chief executive Kevin O’Donnell described as “another active quarter [that] further confirms the critical role RenaissanceRe plays in helping communities rebuild.” 28 October 2020
News
RMS, the catastrophe risk modeling company, has appointed Patrick McCarthy as executive vice president of sales and client development. 27 October 2020
Life
Hiscox has appointed Yana O’Sullivan as head of investor relations. 27 October 2020
News
AM Best has assigned a preliminary credit assessment (PCA) to Group Ark Insurance (GAI) Bermuda, with a financial strength assessment of A pca (excellent), with a stable outlook. 27 October 2020
ILS
Willis Re Securities and Willis Re have structured and placed $100 million of insurance-linked securities for Minnesota Life, a life insurance subsidiary of Securian Financial Group. 27 October 2020
Life
Arch Insurance International has appointed Chris Rackliffe as head of accident and health and contingency. He will take up his post in late 2021. 27 October 2020
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