News
News
The proposal by the Government of Bermuda to relax the rules surrounding ownership of Bermudian companies might well lead to an increase the amount of investment in Bermuda, according to an exclusive new survey by Bermuda:Re+ILS. 7 March 2018
News
Rating agency AM Best has placed under review with developing implications the financial strength rating (FSR) of A (Excellent) and the long-term issuer credit ratings (long-term ICR) of “a+” of the property/casualty subsidiaries of XL Group. 7 March 2018
News
Canopius, which has a major presence on Bermuda, has appointed Mike Duffy to the position of chief executive of Canopius Managing Agents, effective immediately. He retains his existing role as group chief underwriting officer. 7 March 2018
News
Bermuda-based Sompo International is to create a new European specialty insurance underwriting operation, which will initially be focused on management liability, professional indemnity and financial institutions lines of business. 6 March 2018
ILS
Validus Holdings subsidiary AlphaCat Managers and Brazilian based reinsurer Terra Brasis Resseguros have completed a $5 million private catastrophe bond transaction. 6 March 2018
News
XL Group has been bought by French insurer AXA in a $15.3 billion deal. 5 March 2018
News
Argo Group subsidiary ArgoGlobal has appointed Veronica Grigg as senior executive officer for ArgoGlobal Asia. 5 March 2018
News
AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A+ (Superior) of Renaissance Reinsurance (RenaissanceRe) and Renaissance Reinsurance of Europe Unlimited Company (Dublin, Ireland). 2 March 2018
ILS
Hiscox’s insurance linked securities (ILS) asset management arm Hiscox Re Insurance Linked Strategies has appointed Dr Ben Fox to its Bermuda-based ILS investment team as portfolio manager. 2 March 2018
News
The Bermuda Business Development Agency (BDA) has announced that Brian Duperreault, AIG’s chief executive officer, will be the keynote speaker at a multi-industry event in New York. 2 March 2018
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