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ILS Capital Management has completed a $57 million offering of 5.50 percent asset-backed notes, a securitisation of the residual value of trust accounts supporting reinsurance contracts, or trapped capital. 20 August 2020
News
Randall & Quilter Investment Holdings has signed its second acquisition agreement of the week with a UK insurer, The World Marine & General Insurance Company (WMG), which is BHP’s captive. 20 August 2020
ILS
Nicholas Jagoda will join Aeolus Capital Management as a partner and portfolio manager once he has fulfilled his obligations with Elementum Advisors where he is currently a partner and portfolio manager. 19 August 2020
News
Maiden Holdings reported a profit for the second quarter and first half of the year, having reported losses for both corresponding periods in 2019. 19 August 2020
News
Sompo Global Risk Solutions has partnered with Marsh & McLennan Agency (MMA) to offer a new customisable insurance product for commercial real estate owners. 19 August 2020
News
Randall & Quilter II Holdings, a wholly owned subsidiary of Bermuda-based Randall & Quilter Investment Holdings, has signed an agreement to acquire the entire issued share capital of Inceptum Insurance Company. 19 August 2020
Life
International General Insurance Holdings (IGI) has appointed Brian James as class underwriter for cargo. 18 August 2020
News
Monument Re has reached an agreement with Allianz Benelux (Belgium) that will see Allianz transfer a closed book of classical life retail insurances and 4.500 mortgage loans to Monument Assurance Belgium (MAB). 18 August 2020
News
Xceedance, the Bermuda-based technology and consulting company, has partnered with BriteCore, a provider of next-generation core software solutions for insurers. 18 August 2020
Life
AXIS Re has hired Sue Ringold and Bill Orendorf, effective immediately. 17 August 2020
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