Articles
Insurance
Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance. 19 October 2018
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations. 18 October 2018
Insurance
US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island. 18 October 2018
Insurance
Bermuda-based Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks, has appointed Steve Zonca as CEO of its US-based operating subsidiaries. 12 October 2018
Insurance
Bermuda-based Catalina Holdings has closed a $700 million equity capital raise from Apollo, allowing for “much larger transactions” and making Apollo the majority shareholder. 11 October 2018
Alternative Risk Transfer
Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda. 11 October 2018
Insurance
Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group. 10 October 2018
Insurance
Japan’s Sompo is planning for a sharp increase in the profit contribution to the group from its overseas business Sompo International Holdings (SI), Mike McGuire, chief financial officer of Sompo International, said in a presentation. 10 October 2018
Insurance
Bermuda-based specialty re/insurer Sompo International Holdings has formed a new casualty facultative reinsurance operation to be led by Dave Adams who is joining from Maiden Re. 10 October 2018
Insurance
Fitch Ratings has affirmed the 'A+' (Strong) Insurer Financial Strength (IFS) ratings of the operating subsidiaries of AXIS Capital Holdings and AXIS Capital's 'A-' Issuer Default Rating (IDR) but has kept the Rating Outlook as Negative. 10 October 2018
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