Articles

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

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

Aspen shareholders approve $2.6bn Apollo takeover

The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Insurance

QBE sees trade credit cover demand surge in the UK

Brexit uncertainty, mounting costs and increased competition are exposing British businesses to greater levels of trading risk which by turn is increasing demand for trade credit cover, according to QBE.   5 December 2018

Insurance

Generali acquires asset manager from Bank of America

Italian insurer Generali is accelerating its asset management strategy by acquiring 100 percent of CM Investment Solutions (CMISL) from Bank of America Merrill Lynch.   5 December 2018

Insurance

AM Best picks Amsterdam for new Europe unit post-Brexit

Rating agency AM Best has unveiled its new subsidiary AM Best (EU) Rating Services, based in Amsterdam, the Netherlands.   3 December 2018

Insurance

Bermuda insurers increase cat resilience

Bermuda insurers have lowered their net catastrophe exposure in 2017 compared to the previous year by about 2.0 percent, according to a Nov. 30 Catastrophe Risk in Bermuda report by the Bermuda Monetary Authority (BMA).   3 December 2018

Alternative Risk Transfer

ILS issuance declines in Q2

Insurance-linked securities (ILS) issuance volume declined 26 percent year on year to $5.1 billion of new risk capital issued in the second quarter of 2018, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.   30 November 2018

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