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Richard Watson is to step down from his role as chief underwriting officer at Hiscox. 27 June 2019
News
The National Association of Insurance Commissioners (NAIC) has revised the Credit for Reinsurance Model Law and Credit for Reinsurance Model Regulation, bringing them into line with arrangements in place for the European Union and United Kingdom. 27 June 2019
News
Catastrophe risk modeling firm AIR Worldwide (AIR) has made a number of changes to its risk models. 26 June 2019
News
American Overseas Reinsurance Company (AORC), the operating subsidiary of American Overseas Group (AOG), has entered a commutation, reassumption and release agreement with Assured Guaranty Municipal Corporation (AGM). 26 June 2019
News
Brit, the specialty re/insurer, has partnered with industry consortium Geospatial Intelligence Center (GIC), a National Insurance Crime Bureau (NICB) initiative, to obtain access to aerial imagery that it says will help it deliver quicker and more accurate resolution to clients. 26 June 2019
News
The Bermuda House of Assembly has passed the Economic Substance Amendment Act 2019 (ESAA), exempting entities that are tax resident in a qualifying jurisdiction from the substance requirements of the Economic Substance Act 2018. 25 June 2019
Life
Ed, the global reinsurance, wholesale and specialty broker, has received regulatory approval from the Bermuda Monetary Authority for its new operation on the island. 25 June 2019
ILS
Essent Guaranty has obtained $333.8 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written in 2015 and 2016 from Radnor Re 2019-2, a newly formed Bermuda special purpose insurer. 24 June 2019
Life
AXIS Re has hired Robert Hands as a strategic account executive and head of Australia for AXIS Re Strategic Partners, a business unit serving clients and brokers. Based in Singapore, Hands is responsible for leading global client relationships for strategic partners in Australia, and overseeing all client management activities. 24 June 2019
Life
Arch Capital Group has promoted Seamus Fearon to the newly created role of executive vice president of credit risk transfer (CRT) and services, within the global mortgage group (GMG). 21 June 2019
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