News

News

Bermuda eyes dominance in life reinsurance: PwC Insurance Summit

Bermuda could become the leading global centre for life reinsurance, according to Frank (Chip) Gillis, chairman of Athene Life Re.   13 November 2019

Life

Everest hires four in financial lines in the US

Everest Insurance has made four appointments to its financial lines team.   13 November 2019

News

Somerset Re to reinsure fixed indexed annuities for Prudential Financial

Somerset Reinsurance has arranged a business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation (PALAC), a  subsidiary of Prudential Financial, that will see it reinsure a quota share of the new fixed indexed annuities PALAC sells.   13 November 2019

News

Reinsurers must build up reserves and expect the worst: Bermuda Reinsurance Conference 2019

Reinsurers need to build larger reserves of capital to protect them in the event that a major catastrophe presents them with losses on a scale they are not prepared for, according to Elyse Greenspan, director of equity research at Wells Fargo.   13 November 2019

News

Re/insurance industry must go after underinsured as climate change bites: Bermuda Reinsurance Conference 2019

The global re/insurance industry must do more to promote insurance to underinsured communities as climate change increases the frequency of catastrophic weather events, according to Rick Pagnani, executive vice president and head of insurance-linked business at PIMCO.   13 November 2019

Life

Guy Carpenter hires two in major management reshuffle in Bermuda

Guy Carpenter & Company, the risk and reinsurance company owned by Marsh & McLennan Companies, has snared two executives from Aon Reinsurance Solutions in Bermuda, as part of a significant management reshuffle on the island.   12 November 2019

News

Beazley’s Lou Ann Layton recognised with industry award

Lou Ann Layton, Beazley’s head of broker relations and marketing, has been handed the PLUS1 award for her substantial contribution to the professional liability insurance industry by the Professional Liability Underwriting Society (PLUS).   12 November 2019

Life

WR Berkley names former US government tax advisor to board

WR Berkley has named Jonathan Talisman as a director, increasing the size of its board to eleven members, and the number of independent directors to nine.   12 November 2019

Life

Willis hires head of international property, London

Willis Towers Watson has hired Andrzej Danyluk as head of international property, London. He joins from JLT, where he was most recently head of the London power broking team.   12 November 2019

News

Cyber the single biggest global risk, delegates at PwC's Insurance Summit told

Cyber is single biggest global risk, according to Brian Duperreault, president and CEO of AIG, speaking at PwC’s Insurance Summit in Bermuda.   11 November 2019

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