Endurance has said that the recent departure of its long-serving chief operating officer (COO) was because of further cost cutting measures at the re/insurer.
Lloyd’s will have surplus lines eligibility in all 50 US states when legislation passed in Kentucky comes into effect in July.
A combination of new entrants and more capacity committed by existing players has contributed to increased competition and pressure on rates in the upstream energy market, according to broker JLT.
Bermuda-based reinsurer RenaissanceRe has increased its share repurchase programme to $500 million.
Capital Z Partners Management has entered into an agreement with BMS Associates to invest $50.7 million into the group’s holding company.
Banco Sabadell has expanded its joint venture with Zurich so that the multinational once again becomes the bank’s sole partner in the sale of life assurance, general insurance and pension plans in Spain.
French reinsurer SCOR has established a new unit which will centralise and widen its activities in alternative and hybrid reinsurance solutions and which will also incorporate its insurance-linked securities (ILS) activities.
Generali has appointed Isabelle Conner as group chief marketing officer.
Economic recovery in many developed countries is expected to generate growth but a cooling of emerging countries’ economies could counteract this.
Bermuda Premier Craig Cannonier has resigned following ongoing criticism over his acceptance of flights and hospitality from investors.