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Bermuda reinsurers will be on watch as a powerful earthquake with a magnitude of 6.9 has struck 35 kilometres from the coast of Tomioka, Japan, close to the Fukushima nuclear power plant. 22 November 2016
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The Rockhill Insurance Group has hired Tracy Upton, a former vice president at Bermuda-based Everest Reinsurance, to lead its new E&S property unit. 22 November 2016
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XL Catlin, the global brand of Bermuda-based XL Group, has appointed Vincent Branch as chief executive of its new innovation and insurtech team Accelerate. 22 November 2016
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Chubb’s board has approved a $1 billion share repurchase programme with the purpose of boosting shareholder value, under a year following its merger with ACE. 21 November 2016
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Hamilton Insurance Group, the Bermuda-based holding company that partners with Two Sigma Investments on investment strategy and technology, has hired a Silicon Valley veteran to help it maximise its use of data science and analytics. 18 November 2016
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The ultimate parent company of Tokio Millennium Re, which retains a substantial presence on Bermuda despite moving its headquarters to Switzerland in 2013, has revised its targets for its full financial year upwards in its latest results. 18 November 2016
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The presence of commercial re/insurers in Bermuda allows captive owners and operators to access levels of open-market underwriting capacity not found in other captive domiciles – something that gives the Island a big advantage. 17 November 2016
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Scottish Re, a Bermuda-based reinsurer that placed its reinsurance business into run-off in 2008, has reported a comprehensive loss in the third quarter of 2016, however, the loss was considerably smaller than in the same period of last year. 17 November 2016
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AM Best has affirmed the financial strength rating of Argo Re (Bermuda) and its subsidiaries in the aftermath of its parent’s acquisition of Ariel Re – but warned the deal does present an element of execution risk. 17 November 2016
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Bermuda reinsurers with exposure to earthquake risks in California may be forced to reassess their exposures in the region following a new report that suggests potential losses in the region could be double what was previously thought. 16 November 2016
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