Articles

Insurance

Zurich sells $2bn portfolio to Catalina

Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings.   17 December 2018

Insurance

Munich Re appoints CEO for commercial insurance North America

Munich Reinsurance America has appointed Michael Kerner as CEO for Munich Re Specialty Insurance, a new commercial insurance unit in North America.   17 December 2018

Insurance

Europe insurance stress test shows ‘high’ nat cat resilience: EIOPA

European insurers showed “high resilience” to a series of natural catastrophes where European countries are hit in a quick succession of four windstorms, two floods, and two earthquakes, according to the European Insurance and Occupational Pensions Authority (EIOPA).   17 December 2018

Insurance

W.R. Berkley invests in AI firm Pypestream

Property/casualty insurer W.R. Berkley Corporation has led a more than $15 million investment round in artificial intelligence (AI) solutions startup Pypestream.   17 December 2018

Insurance

BMS expands Bermuda operation with Price Forbes, JLT hires

Re/insurance broker BMS Group is building out its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT.   17 December 2018

Insurance

GRP promotes Bruce to group MD

Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018

Insurance

US, UK to sign re/insurance agreement as Brexit looms

The US Department of the Treasury and the Office of the US Trade Representative intend to sign a bilateral agreement between the US and the UK on prudential measures regarding insurance and reinsurance (US-UK Covered Agreement) as the UK leaves the EU.   12 December 2018

Insurance

Enstar, Allianz, Hillhouse invest $470m in Enhanzed Re

Bermuda-based Enstar Group, Germany’s Allianz and investment firm Hillhouse have made equity investment commitments in aggregate of $470 million as part of a joint venture to Enhanzed Reinsurance, a Bermuda-based Class 4 and Class E reinsurer.   12 December 2018

Insurance

AXIS extends CEO Benchimol's contract to 2023

Bermuda-based re/insurer AXIS Capital Holdings has extended the contract of president and CEO Albert Benchimol until Dec. 31, 2023.   12 December 2018

Insurance

AXA XL restructures E&S casualty leadership

Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018

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