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Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
Bermuda-based Third Point Reinsurance has hired David Drury and Steven Wilson as senior vice president of underwriting from Chubb and Munich Re America. 17 July 2018
Insurance
Bermuda-based Everest Re Group has promoted Patricia McMahon to the role of senior vice president and chief claims officer of Everest Insurance. 12 July 2018
Insurance
Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog. 11 July 2018
Insurance
Bermuda-based reinsurer Monument Re has acquired Robein Leven and its subsidiaries from Amerborgh Financial Services as part of its growth strategy in the Benelux region. 10 July 2018
Alternative Risk Transfer
Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re on behalf of Frontline Insurance. 9 July 2018
Alternative Risk Transfer
Bermuda-based Horseshoe Group has appointed Jean-Bernard Crozet as senior vice president – advisory services and head of London office. 9 July 2018
Insurance
Intrepidus Insurance Services, a Bermuda insurance broker, has had its registration to operate revoked by the Bermuda Monetary Authority (BMA) following an investigation triggered by a complaint against the company. 4 July 2018
Insurance
The Bermuda market passed the tests of 2017, which took the form of heavy losses triggered by large catastrophe claims, with flying colours, according to the CEO of The Association of Bermuda Insurers and Reinsurers (ABIR), speaking in relation to the results of its annual survey and report. 4 July 2018
Insurance
Validus Specialty, a subsidiary of Bermuda-based re/insurer Validus Holdings, has appointed Bob Eells as senior vice president and chief operating officer. He joins the company from XL Catlin. 28 June 2018
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