Articles

Insurance

Aspen shareholders approve $2.6bn Apollo takeover

The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018

Insurance

Ed creates Bermuda unit for international expansion

Reinsurance, wholesale and specialty broker Ed is setting up a new broking platform in Bermuda which it describes as an "important (re)insurance hub" to further expand its international footprint.   10 December 2018

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Alternative Risk Transfer

Markel reveals investigation into CATCo loss reserves

Markel Corporation has confirmed that it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management and its subsidiaries.   7 December 2018

Insurance

XL Group upgraded by AM Best following AXA takeover

AM Best has removed from “under review with developing implications” and upgraded the credit ratings of XL Group.   7 December 2018

Insurance

Enstar invests $200m in AmTrust parent company

Bermuda-based Enstar has completed an investment of $200 million in Evergreen Parent, the entity that has been used to take AmTrust Financial Services private and holds its equity.   7 December 2018

Insurance

Liberty merges, rebrands Ironshore Bermuda

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group is integrating its Ironshore Bermuda businesses and rebrands it as Liberty Specialty Markets Bermuda.   6 December 2018

Insurance

Hamilton hires Sirius executive to drive corporate strategy

Bermuda-based Hamilton Insurance Group has hired Michael Papamichael as senior vice president of strategy and corporate development from Sirius Group.   5 December 2018

Insurance

Bermuda insurers increase cat resilience

Bermuda insurers have lowered their net catastrophe exposure in 2017 compared to the previous year by about 2.0 percent, according to a Nov. 30 Catastrophe Risk in Bermuda report by the Bermuda Monetary Authority (BMA).   3 December 2018

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