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The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton Insurance Group CEO Pina Albo as its deputy chair, filling the unexpired term of former Validus Re CEO Kean Driscoll. 18 July 2019
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Artex has promoted Brandon Marshall to the role of chief financial officer and Stephen Thompsett to chief operating officer. 18 July 2019
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Markel has reached an out of court agreement with two former CatCo executives to resolve claims for a total of $73.4 million for alleged “wrongful termination” of employment. 17 July 2019
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Catastrophe risk modeller Karen Clark & Company (KCC) has estimated that the insured loss from Hurricane Barry will be close to $300 million. 17 July 2019
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RiskGenius, a Kansas-based insurtech company, has announced it has completed a Series B financing led by Hudson Structured Capital Management, doing business as HSCM Bermuda. 17 July 2019
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Convex Group, Stephen Catlin and Paul Brand's new specialty re/insurer, has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry. 16 July 2019
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Everest Insurance, which is a part of Everest Group, has announced that Joshila Tailor has been appointed as global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786. 16 July 2019
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AM Best has affirmed the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Bermuda-based Validus Reinsurance and its affiliate, Validus Reinsurance (Switzerland). 15 July 2019
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Bermuda had a mixed end to 2018, according to the latest figures released by the Bermuda Monetary Authority (BMA). 15 July 2019
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Storms are no more likely to stall over land than they were 150 years ago, according to TigerRisk, a reinsurance broker, advisor and catastrophe analytics firm. 12 July 2019
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