News

Alternative Risk Transfer

Artex acquisition of Horseshoe will see the Bermuda firm ’become global brand of ILS services for Artex’

Artex Risk Solutions has confirmed it will acquire Bermuda-based Horseshoe Insurance Services Holdings which it said will “significantly strengthen” its insurance-linked securities (ILS) operations.   3 October 2019

Insurance

Insured cat losses in excess of $200bn a ‘very real possibility’: AIR Worldwide

New report finds that the global modeled insured average annual loss from catastrophes is expected to exceed $100bn.   25 October 2021

Insurance

Insurtech Relay and Insurercore partner for hard market placement solution

The partnership will bring commercial US brokers instant access to the London Market.   26 February 2021

Insurance

Lloyd’s calculates a single cyber-attack on APAC ports could cost $110bn

A single cyber-attack that affects major ports across Asia-Pacific could cost $110 billion roughly equivalent to half of all losses from natural catastrophes globally in 2018. This is according to new research released today by Lloyd’s, the world’s re/insurance market.   30 October 2019

Insurance

Everest Re launches search for new CEO to replace Addesso

Everest Re is seeking a new chief executive following the announcement that its current head, Dominic Addesso, will retire at the end of 2019.   9 January 2019

Risk Management

Shared Assessments 2021 Third Party Risk Management Toolkit launched

Updates cover cybersecurity, supply chain risk, privacy, data governance and resilience.   9 October 2020

Insurance

UK councils hit by 263m cyber attacks in H1 2019: Gallagher

Almost half (49 percent) of all UK councils have faced a cyber attack since the beginning of 2017, with cyber criminals hitting these organisations with 263 million attacks in the first half of 2019 alone, research has revealed.   3 October 2019

Insurance

Argo unveils Bermuda, international casualty leadership changes

Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business.   9 January 2019

Alternative Risk Transfer

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.   9 January 2019

Insurance

AXIS hires new chief analytics officer from Allstate

Bermuda-based AXIS Capital has hired Govind Balu as chief analytics officer to lead a range of initiatives including the implementation of machine learning and artificial intelligence across the organisation.   9 January 2019

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