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2018 saw the insurance-linked securities (ILS) market hit new heights in terms of issuance and interest, and no-where was this more obvious in the success of ILS Bermuda’s Convergence 2018 event. 25 January 2019
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Everest Insurance, part of Bermuda-based Everest Re Group, has expanded its life sciences product to include property, commercial auto, and workers compensation. 24 January 2019
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Bermuda-based insurance company Lancashire Holdings has appointed Emily Woolley as CEO of Cathedral Underwriting (CUL), its Lloyd's managing agent for Syndicates 2010 and 3010. 24 January 2019
ILS
GC Securities, the ILS unit of Guy Carpenter, has appointed Brendan Roche as senior vice president. 23 January 2019
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ArgoGlobal, the Lloyd's syndicate and subsidiary of Argo Group, plans to expand the company's footprint in North America through an agreement with Waypoint Underwriting Management that has now received approval from Lloyd's. 23 January 2019
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Ratings agency AM Best has assigned a financial strength rating of B++ (Good) to Bermuda-based life reinsurer Athora Re. 23 January 2019
ILS
Conyers Dill & Pearman director David Doyle has resigned from his position on the board of Bermuda-based special purpose insurer Sanders Re. 22 January 2019
News
Bermuda licensed 11 new life re/insurers by November 2018, with more expected in statistics for December and Q1 2019, according to statistics from the Bermuda Business Development Agency (BDA). 22 January 2019
ILS
Markel Corporation has appointed Jed Rhoads and Andrew Barnard to take over management and oversight of Markel CatCo, as CEO Anthony Belisle and Bermuda CEO Alissa Fredricks have left the company. 21 January 2019
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Re/insurer Chubb, which retains substantial operations on Bermuda, has estimated that catastrophe losses will cost the company $585 million pre-tax in the fourth quarter of 2018. 21 January 2019
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