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Insurance
The Bermuda Insurance Institute (BII) has appointed Andrew Soares to the position of chairman. 27 June 2014
Insurance
Transatlantic Holdings (TransRe) and the executive management of Bermuda-based insurance asset manager Pillar Capital Holdings have increased their ownership position in Pillar to 50 percent each. 26 June 2014
Insurance
Plans by the International Association of Insurance Supervisors (IAIS) prompted by the Financial Stability Board (FSB) to develop a global insurance capital standard (ICS) could be misguided and risk creating a costly and potentially contradictory level of regulation for the insurance industry that would achieve little. 25 June 2014
Insurance
While global insurance hubs such as London (including the Lloyd’s market) and Bermuda remain at the forefront of innovation for the industry, times are changing and the location of people’s desks is less important than it once was. 25 June 2014
Insurance
Hamilton Insurance Group, the Bermuda-based holding company for property casualty reinsurer Hamilton Re, has appointed William Thygeson, formerly of AIG, as chief operating officer (COO) of Hamilton USA, the banner under which the group’s US operations are being developed. 25 June 2014
Insurance
Bermuda-based Validus has agreed a deal to buy US specialty lines insurer Western World Insurance Group for $690 million. 24 June 2014
Insurance
Bermuda-based Hamilton Insurance Group has appointed Ironshore founder Bob Deutsch as chief strategy officer. 20 June 2014
Alternative Risk Transfer
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has launched a new client facility which it said will offer “cedants faster and more efficient access to capital markets capacity for catastrophe risk.” 19 June 2014
Insurance
Endurance chairman and chief executive officer John Charman is contacting Aspen shareholders directly in an attempt to gain support for Endurance’s proposed acquisition of Aspen. 19 June 2014
Insurance
Markel has poached a retrocessional specialist from Guy Carpenter’s Bermuda team. 18 June 2014
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