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Hamilton acquires Pembroke Managing Agency, reshuffles leadership team

Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC, from Liberty Mutual Group.   21 August 2019

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Portfolio Holding secures new private equity owner

Boston-based private equity firm Abry Partners is acquiring Portfolio Holding from Capital Z Partners, a New York-based private equity firm, becoming its third and largest private equity owner since 2012.   20 August 2019

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California Wildfire Fund secures reinsurance advisor

Guy Carpenter and Company has been named as the sole reinsurance intermediary for the newly formed California Wildfire Fund (CWF) to provide strategic reinsurance and advisory services and develop its risk transfer and reinsurance strategy.   20 August 2019

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Aon names chairman of UK reinsurance business

Aon has appointed Don Magee as UK chairman of its reinsurance business.   19 August 2019

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BMA treatment of tier 3 capital different to other jurisdictions: Fitch

Conflicting language between the debt offering documents and the Bermuda Monetary Authority's Tier 3 regulatory requirements raises questions about Bermuda’s regulatory treatment of assignment of capital credit for certain securities, according to Fitch.   19 August 2019

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California wildfires outside market understanding of risk: S&P

The losses from California wildfires in 2017-2018 surprised re/insurers as the losses were outside of the market understanding of the risk, according to a report by S&P.   19 August 2019

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Former TMR executive Hoshina joins AkinovA advisory board

Insurtech AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has announced that former TMR executive Tatsuhiko Hoshina has joined its advisory board.   16 August 2019

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Syncora sells SGI for $392.5m

Syncora Holdings has announced the signing of an agreement to sell Syncora Guarantee (SGI), its wholly owned, New York financial guarantee insurance subsidiary, to Star Insurance Holdings, an entity organised by GoldenTree Asset Management on behalf of GoldenTree’s managed funds and accounts, for $392.5 million in cash, subject to adjustment.   16 August 2019

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Aspen reports first half 2019 loss

Aspen Insurance Holdings has reported a net loss of $37.3 million for the first half of 2019, down from the net income of $16.1 million for same period of 2018.   16 August 2019

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Everest Insurance adds executives to excess casualty team

Everest Insurance has added two new members to its excess casualty team.   15 August 2019

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