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Insurance
Specialty insurer Markel Corporation has combined its wholesale excess and surplus lines and global insurance complex, risk-managed accounts divisions to form a new insurance division named Markel Assurance. 8 June 2017
Insurance
Bermuda-based Arch Capital Group said June 6 that it expects its 2017 second quarter pre-tax underwriting income to be adversely impacted by approximately $38 million relative to the quarterly run rate level of profitability associated with its property facultative reinsurance operations. 7 June 2017
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
Insurance
AlphaCat Managers, a subsidiary of Bermuda-based Validus Holdings, has appointed Bernard Van der Stichele as portfolio manager. 6 June 2017
Insurance
Hudson Structured Capital Management and HSCM Bermuda Management Company have appointed Jason Carne as an advisor to focus on valuation and reinsurance based in Bermuda. 6 June 2017
Insurance
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle Turing Re. 5 June 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
Bermuda-headquartered re/insurer Sirius International that specialises in accident and health (A&H) insurance has acquired International Medical Group (IMG), a provider of global medical insurance products and assistance services. 30 May 2017
Insurance
Bermuda-based re/insurer Aspen Group has appointed Tim Aman as its new group chief risk officer. 25 May 2017
Alternative Risk Transfer
There has been steady growth in the Bermuda ILS market, according to the latest report from the Bermuda Monetary Authority. 25 May 2017
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