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The US subsidiary of Bermuda re/insurance group Argo Group, has acquired the renewal rights to a professional liability book of business in the US. 17 December 2014

ILS

ILS-focused reinsurer launches in Bermuda

Bermuda-based Sequant Re Holdings has completed its financing to launch Sequant Reinsurance Company (Sequant Re), a newly formed global reinsurer, and made several key hires in relation to the venture. 16 December 2014

News

CatCo’s CFO steps down

Bermuda-based specialist insurance-linked securities manager CatCo Investment Management has seen its chief financial officer (CFO) step down. 16 December 2014

News

Till Capital ups stake in energy company

Bermuda-based Till Capital has acquired a larger stake in encore Energy through its reinsurance subsidiary Resource Re. 16 December 2014

News

Armour buys two Mexican insurers

Armour Group, the Bermuda-based group of re/insurance, investment and service companies, has acquired two Mexican insurers. 15 December 2014

News

James River prices IPO below range

Bermuda-based insurer James River has raised $231 million, below the range it had provided previously in its initial public offering. 15 December 2014

News

CEO sells 15,000 Montpelier Re shares

Richard Chattock, the chief executive officer of Bermuda-based Montpelier Re, sold 15,000 shares on December 8. 12 December 2014

News

UK regulator eyes underwriting standards

The deputy governor of the Bank of England and CEO, the Prudential Regulation Authority, has stressed that while the regulatory body remains concerned about the robustness of the management of risk it is also not the regulator’s role to prevent entry into an industry. 11 December 2014

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Third Point Re’s Berger targets US with two hires

John Berger, the chief executive of Third Point Reinsurance, has turned to two former colleagues as he has revealed plans to target growth in the US. 11 December 2014

News

Leaders voice concerns over ‘alternative’ capital

Three of the industry’s most respected leaders have voiced concerns over the potential of so-called alternative capital to damage the industry’s reputation due to instability caused by a delinking occurring between the risk and the source of the capital. 11 December 2014

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