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News
Hurricanes that come ashore and then stall, dumping huge amounts of water in one place, are an increasing source of concern for re/insurers. Bermuda:Re+ILS assesses TigerRisk’s new white paper on this subject. 24 April 2019
News
61 percent of firms across the US, the UK, Germany, Belgium, France, Spain and the Netherlands have experienced a cyber attack in the past year, up from 45 percent in 2018, a report from Bermuda-headquartered specialist insurer Hiscox has shown. 24 April 2019
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Bermuda specialty re/insurer Argo Group has appointed Tony Cicio as chief human resources officer. 24 April 2019
ILS
Total dedicated capital for reinsurance had dropped to $462 billion at year-end, representing a 5 percent drop overall, although this was partially offset by growth in the alternative capital space, according to Willis Re’s Reinsurance Market Report. 23 April 2019
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Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Palomar Re, the Bermuda-based specialty reinsurer, following its parent Palomar Holdings filing an initial public offering (IPO) on April 17 on the Nasdaq Global Select Market. 23 April 2019
News
Everest Insurance, part of Bermuda-based Everest Re Group, has appointed Dawn Gregg as vice president within its risk management division, based in New York. 23 April 2019
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The Bermuda Insurance Institute (BII) has introduced a number of induction seminars aimed at helping young professionals gain a better understanding of the re/insurance industry in Bermuda. 23 April 2019
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Bermuda-based specialty re/insurer Sompo International has appointed Thomas Brazil as CEO of SI Insurance (Europe), the company's platform for European Economic Area (EEA) insurance business. 23 April 2019
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Specialty re/insurer Canopius - which operates in the UK, Ireland, Netherlands, Switzerland, Bermuda, US and Singapore, has signed a deal to merge its Lloyd’s business with AmTrust at Lloyd’s. 18 April 2019
News
The chief underwriter officer of Everest Insurance, Mike Mulray, has been approved as chairman of the Workers' Compensation Insurance Rating Bureau of California (WCIRB) governing committee. 18 April 2019
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