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Bermuda-based Hamilton Re’s acquisition of Pembroke Managing Agency, which manages Lloyd’s Syndicate 4000, will help gradually increase the reinsurer’s underwriting performance by delivering a new line of business and geographic diversification, according to rating agency AM Best. 3 June 2019
ILS
French reinsurer SCOR has sponsored its second catastrophe bond under the UK’s insurance-linked securities regime (ILS), which will provide it with up to $250m in cover against named storms in the US, earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
ILS
Palomar Holdings, a specialty property insurer operating in the US and Bermuda, has completed reinsurance programmes renewing and incepting at June 1, 2019. 3 June 2019
News
Jeremy Cox, the executive chair of the Bermuda Monetary Authority (BMA), will receive the fourth Fred Reiss Lifetime Achievement Award at this month’s Bermuda Captive Conference on June 11. 3 June 2019
Re/insurance
Talbot Underwriting, a subsidiary of AIG (previously Bermuda-based Validus Holdings) is to close its office in Australia and its division in Lloyd's China. 31 May 2019
Re/insurance
Bermuda-based Aspen Insurance Holdings has appointed Christian Dunleavy as the new chief underwriting officer of its reinsurance business Aspen Re, succeeding Emil Issavi who is leaving the company to join Ryan Specialty Group (RSG). 31 May 2019
News
Monument Re, a Bermuda-based reinsurer established to operate as an asset intensive reinsurer and acquirer principally in Europe, has completed the acquisition of a Belgian run-off portfolio of traditional life and credit life business from Alpha Insurance SA. 30 May 2019
News
Starr Insurance Companies, a group of insurance companies which operate in the US, Bermuda, UK and Asia Pacific, has appointed Andrew Hopper as head of financial institutions for the UK and Europe. 30 May 2019
ILS
Legislation that would allow the State of California to purchase re/insurance and insurance-linked securities from the private market to cover the increasing costs of wildfires has passed the California State Senate. 29 May 2019
News
AXIS Capital has appointed Kelly Lindsey Isikoff as its chief information security officer (CISO), based in New York. 29 May 2019
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