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Insurance
Bermuda is preparing for its first major event since Hurricane Fabian in 2003, as Hurricane Gonzalo heads towards the island. 17 October 2014
News
Hiscox Re has strengthened its board with the appointment of Bevis Tetlow as chair of North America and Caribbean, and Philip Vandoninck as chair of international. 16 October 2014
Insurance
Robert Stauffer, the president and chief executive officer (CEO) of Oil Insurance Limited (OIL) and Oil Casualty Insurance Limited (OCIL), has said he plans to step down. He will retire at the start of 2016. 16 October 2014
Insurance
Competition for business and a downward pressure on rates contributed to a fall in profits and a shrinking of Platinum Underwriters’ book in the third quarter of 2014 as its profits and gross written premiums fell. 16 October 2014
Alternative Risk Transfer
Insurance-linked securities (ILS) manager Horseshoe Group has launched operations in Gibraltar as it sees the potential of ILS growth in Europe. 15 October 2014
News
Jamie Veghte, the chief executive of XL Group’s reinsurance segment, has stepped down. XL has now begun a search for a new reinsurance leader. 9 October 2014
Insurance
Re/insurer Markel has promoted two senior claims executives in its North America/Bermuda claims division. 7 October 2014
Insurance
Bermuda-based Validus Holdings has completed the acquisition of specialty lines insurance company Western World Insurance Group. 3 October 2014
News
American International Group (AIG) and Ascot have launched a new Bermuda-based reinsurance platform called AIG-Ascot Re. 2 October 2014
Insurance
American Overseas Group, the Bermuda insurance holding company that specialises in non-standard auto reinsurance, posted an improved set of results for the first half of 2014 but still posted a net loss thanks to losses on credit derivatives. 1 October 2014
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