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Voce Capital Management, an Argo Group shareholder with a 5.8 percent stake in the company, has heavily criticised the specialty re/insurer’s corporate expenses, taking aim at CEO Mark Watson III, in a letter to other stockholders made public on Monday February 25. 26 February 2019
ILS
In a move sure to catch the attention of the Bermuda insurance-linked securities (ILS) market, the world’s first ever catastrophe bond exclusively covering terrorism risk has been issued in the UK. 26 February 2019
ILS
Specialty re/insurer Brit's total managed ILS capacity has expanded to $440 million for 2019, following the completion of its fifth annual renewal of Bermuda sidecar Versutus 2019 Series. 25 February 2019
ILS
Hiscox Re & ILS, has increased its total assets under management in its insurance-linked securities platform Kiskadee Investment Managers to $1.5 billion, and launched a new fund to allow investors to access primary insurance lines. 25 February 2019
News
Skuld Mutual Protection and Indemnity Association (Bermuda), a specialist in marine insurance products has appointed Tawana Tannock as managing director. 22 February 2019
News
Specialty re/insurer Argo Group has expanded its board with the appointment of two new independent directors, Samuel Liss and Tony Latham. 22 February 2019
News
Bermuda-based Sirius Group had a particularly challenging end to the year with substantial cat losses, in particular carried over from Typhoon Jebi, which it expects has created a market-wide loss in excess of $10 billion - double the size of previous estimates. 22 February 2019
News
Former Markel CATCo CEO Anthony Belisle and Bermuda CEO Alissa Fredricks have both filed court cases against Markel for wrongful termination, accusing them of invading their privacy and formulating a plan to create an excuse for their dismissals. 22 February 2019
ILS
New Ocean Capital Management, the ILS fund manager of AXA XL, has increased its assets under management (AUM) to just over $1 billion at year-end 2018, following the the share buyout from AXA XL. 21 February 2019
News
Arch Capital Group has appointed Janice Englesbe as senior vice president, chief risk officer (CRO). 21 February 2019
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