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Insurance
Ironshore has introduced a crisis management coverage feature as an extension of its terrorism and sabotage programme, offered through Pembroke Managing Agency and underwritten by Lloyd’s Syndicate 4000. 23 September 2016
Insurance
Aspen Risk Management (ARML), the UK property/casualty (P&C) business of Aspen Insurance, will buy the renewal rights to business written by Liberty Specialty Markets (LSM), a subsidiary of Liberty Mutual Insurance Group. 23 September 2016
Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
Insurance
Reinsurance companies need to be as agile as possible in order to compete in the current market, Kathleen Faries, head of Bermuda at Tokio Millennium Re (TMR), told Monte Carlo Today. 14 September 2016
Insurance
Maiden Re is continuing its campaign to extend its reach into Europe, its president told Monte Carlo Today. 14 September 2016
Insurance
XL Catlin wants to be a top five player in property/casualty reinsurance as it aims for growth despite the tough market conditions the industry is facing, Greg Hendrick, chief executive of reinsurance for the company, told Monte Carlo Today. 14 September 2016
Insurance
Details of the brand and structure that will underpin Hamilton Insurance Group’s previously announced plans to launch a new insurance platform targeting the small to medium-sized enterprise (SME) market in the US will be revealed very soon, Brian Duperreault, chief executive of Hamilton, told Monte Carlo Today. 14 September 2016
Insurance
More mergers and acquisitions (M&A) are likely in the industry with deals going to emerge in the last quarter of 2016 and the first quarter of 2017, Arthur Wightman, PwC Bermuda leader and insurance leader for Bermuda & the Caribbean, told Monte Carlo Today. 14 September 2016
Insurance
Bermuda’s strengths as a globally respected place to do business have been highlighted by the ongoing uncertainty over the Brexit vote, according to Greg Wojciechowski, president and chief executive officer of the Bermuda Stock Exchange (BSX). 14 September 2016
Insurance
As the market faces tough conditions with investment returns at historic lows and rates softening, Hiscox Re is continuing its strategy of taking measured steps and remains unwilling to act rashly, said Jeremy Pinchin, chief executive officer of the company. 14 September 2016
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