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Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) for BNY Trade Insurance, the Bermuda-based single-parent captive of The Bank of New York Mellon Corporation.   17 April 2019
News
A subsidiary of Bermuda-based Enstar Group has agreed to reinsure $0.5 billion in US asbestos and environmental liability insurance portfolios of a subsidiary of Zurich Insurance Group.   17 April 2019
News
Everest Insurance Ireland (EIID), the Dublin-based non-life insurance subsidiary of Everest Re Group, has opened a branch office in the UK to expand its international capabilities and service UK clients.   16 April 2019
News
AXIS Re, the Bermuda-based reinsurance segment of AXIS Capital, has appointed Andy Hottinger as president of its EMEA LatAm division, succeeding Jan Ekberg.   16 April 2019
ILS
Bermuda’s vibrant ILS sector already faces competition from established hubs such as the Cayman Islands, Ireland and Guernsey but now, emerging domiciles such as Singapore, Hong Kong, the UK, and France are also looking to get a foothold in this market. Bermuda:Re+ILS reports.   16 April 2019
News
PartnerRe has appointed Jonathan Colello, current North America at AXIS Re, as CEO, property/casualty Americas, and president of Partner Reinsurance Company of the US.   15 April 2019
ILS
The growth in alternative capital has slowed since its surge in late 2017 and early 2018, although it is expected to regain momentum this year as losses are developed and finalised, according to Aon’s Reinsurance Market Outlook for April 2019.   15 April 2019
ILS
An internal review into Markel's CATCo has suggested there is no evidence of 'bad faith' in how personnel acted in the setting of reserves and making related disclosures during late 2017 and early 2018.   15 April 2019
News
Following the National Association of Insurance Commissioners’ (NAIC) spring national meeting, the Association of Bermuda Insurers & Reinsurers (ABIR) has encouraged the expansion of the private flood market and state regulation in the US.   12 April 2019
News
Everest Insurance, subsidiary of Bermuda-based Everest Re Group, has appointed Sharone Menczel Poopor as vice president of its structured solutions group.   12 April 2019

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