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White Mountains finalises $2.6bn sale of Sirius

White Mountains Insurance Group, a financial services holding company based in Bermuda, has completed the sale of Sirius International Insurance Group to a subsidiary of CM International Holding, the Singapore-based investment arm of China Minsheng Investment Corp. 19 April 2016

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RenRe purchases $4.9m shares in Kingstone Companies

RenaissanceRe Ventures, a subsidiary of Bermuda-based reinsurer RenaissanceRe, has purchased 595,238 newly issued shares of common stock in property/casualty insurer Kingstone Companies. 19 April 2016

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Bermuda company law amendment has implications for all reinsurers

A new development to company law in Bermuda will place additional requirements on all companies whether local or exempted, according to legal services firm Harneys. 19 April 2016

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ArgoGlobal names non-exec director of managing agency

ArgoGlobal, a Lloyd’s insurer and member of Bermuda-based Argo Group, has named Tony Latham as a non-executive director of the Board of Argo Managing Agency. 18 April 2016

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Capsicum Re hires JLT execs for partner roles

Capsicum Re, has added Alistair Lockhart-Smith and Jerry Reeves to its marine & energy specialty business, as a managing partner and partner respectively. 18 April 2016

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Harneys appoints Kennedys Law exec as counsel in Bermuda

Harneys, a legal services firm, has appointed global corporate and insurance lawyer Michael Skrbic as counsel in its Bermuda office. 15 April 2016

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Panama Papers scandal to cause complex re/insurance claims

Re/insurers are facing a race against time to assess their potential exposures to the so-called Panama Papers, a legal adviser to the industry has warned. 15 April 2016

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Ironshore hires Hiscox exec for LatAm and Caribbean role

Bermuda-based insurer Ironshore has named Juan Melo as head of crisis management for Latin America and the Caribbean. 14 April 2016

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AGC to acquire CIFG

Assured Guaranty Corp (AGC), a subsidiary of Bermuda-based insurance company Assured Guaranty, has entered into an agreement to acquire CIFG Holding (CIFG), the parent of financial guaranty insurer CIFG Assurance North America (CIFG NA). 14 April 2016

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Markel International reveals changes to wholesale business

Markel International, the Bermuda-based specialist insurer, has simplified the structure of its wholesale business. 13 April 2016

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