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The global insurance sector saw mergers and acquisitions (M&A) grow by 9 percent in 2018 as insurers looked to increase their access to customers and innovation, and benefit from greater scale, according to a new Clyde & Co report. 11 February 2019
ILS
Against a backdrop of trapped capital, issues with Markel CATCo, and two consecutive years of heavy cat losses, there is a period of uncertainty now in the ILS market in 2019, Brad Adderley, partner at Appleby's Bermuda office, told Bermuda Re+ILS. 8 February 2019
News
Bermuda-based re/insurer RenaissanceRe has appointed Cynthia Trudell as an independent director on the company's board. 8 February 2019
News
White Mountains Insurance Group had a challenging 2018, having made an overall loss across its portfolio of businesses. 7 February 2019
News
Aspen Insurance Holdings had a challenging fourth quarter in 2018, which the CEO Chris O’Kane attributes to significant natural catastrophe activity, and overall posted a net loss for the year. 7 February 2019
News
AXIS Capital's reinsurance segment AXIS Re has expanded its strategic partners business with the appointment of Daniel Osterrieder as strategic account executive for North America. 7 February 2019
ILS
The insurance sector will remain attractive to investors in the first half of 2019, and there are "clear signs of momentum" in how natural catastrophe risk is priced in the equity and ILS markets in the wake of two recent heavy loss years, according to insurance investment manager Twelve Capital. 6 February 2019
ILS
Against a backdrop of US and Bermuda government inquiries, senior executives being dropped and certain redemption rights being offered to ILS funds managed by the company, Markel CATCo's ability to maintain or raise capital has been adversely impacted, parent Markel Corporation has confirmed. 6 February 2019
News
Bermuda-based re/insurer Sirius Group has elected Kernan Oberting to succeed Allan Waters as chief executive offer (CEO), and Ralph Salamone to succeed Oberting as chief financial officer (CFO). 5 February 2019
News
Sompo International Holdings, a Bermuda-based property and casualty re/insurer, has appointed Christopher Gallagher to the board of directors as an executive director. 5 February 2019
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