Insurers have displayed good resilience in a stress test conducted by the Bermuda Monetary Authority (BMA) and the UK’s Prudential Regulatory Authority (PRA). 19 June 2020
Athene Holding has entered into a fixed annuity block reinsurance transaction with Jackson National Life Insurance, a provider of retirement products and a subsidiary of Prudential. 18 June 2020
Aeolus Capital Management, the asset management company focused on the property catastrophe reinsurance and retrocession market, has promoted Andrew Bernstein to chief executive of Aeolus. 18 June 2020
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has been accepted as a member of the Global Federation of Insurance Associations (GFIA). 17 June 2020
Bermuda is planning a long-term government bond issue to refinance facilities designed to support businesses and communities throughout the COVID-19 pandemic, such as its $170 million credit line for local financial institutions. 17 June 2020
Hiscox has partnered with Thimble, which provides short-term liability insurance products that are available by the hour, day or month, to small businesses. 17 June 2020
