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Market pricing will gain momentum in April and June 2020, according to rating agency Fitch, after a disappointing January 2020 renewal season for reinsurers. 29 January 2020
News
Michael Esposito, Frederick Arnold, Robert Mills, Robert Strong and Robert Lichten have resigned from Syncora Holdings’ board of directors, after shareholders approved the board’s recommendation to adopt its plan of liquidation. 29 January 2020
News
Watford Holdings expects to report a 2019 Q4 net loss, primarily due to a strengthening of net loss reserves of approximately $28 million across the current and prior accident years. 29 January 2020
News
Appleby is sponsoring a Canadian Technology Summit in Bermuda this week, with the keynote event being given today at the Hamilton Princess. 28 January 2020
News
Everest Insurance has partnered with insurance brokerage Embroker to provide a new online lawyers’ professional liability programme for law firms with up to ten employed attorneys. 27 January 2020
News
HSCM Bermuda, the arm of Hudson Structured Capital Management that invests in re/insurance assets, has led a $50 million capital raise for Gracie Point Holdings. 27 January 2020
Life
Fidelis has appointed John Symms as head of outwards reinsurance to support the growth of its reinsurance partnerships and the increasingly important quota share relationships across multiple lines of business. 27 January 2020
News
R&Q has acquired the Montana captive insurer, Vigneron Insurance Company, its first transaction in Montana. 27 January 2020
News
Bermuda registered 22 new captives in 2019, up from the 19 new captives that launched on the island in 2018. 24 January 2020
ILS
This year will see a return to growth for the ILS market, with a range of new products helping clients manage new risks more effectively, according to Brad Adderley, partner at Appleby. 24 January 2020
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