Markel CATCo, which has been conducting an internal review into its loss reserves in 2017, has parted company with two of its senior executives with immediate effect after it appears it discovered evidence of an “undisclosed personal relationship” in the course of the investigation.
AlphaCat Managers, AIG's third-party reinsurance capital management and insurance-linked securities (ILS) unit, has entered into an ILS transaction with Ledger Capital Markets.
Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.
The Bermuda Monetary Authority (BMA) has appointed Jeremy Cox as its new executive chair for a three-year term, replacing Gerald Simons who is retiring as chair of the board.
Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC).
Liberty Mutual Re, the reinsurance unit of Liberty Mutual Insurance Group, has appointed Vincent Gilardi as senior underwriter for international casualty.
Bermuda-based Maiden Holdings has sold its European automotive group AVS Automotive VersicherungsService to German insurer Allianz.
AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on Jan. 15, 2019, rejecting the deal terms agreed with the EU by Prime Minister Theresa May’s government.
Bermuda-based Blue Capital Reinsurance Holdings has raised its fourth quarter catastrophe loss estimates to $30.0 million net of reinsurance and reinstatement premiums from $17.0 million as of Dec. 11, 2018.
Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).