Mark Watson and Ed Noonan

Argo: Just a coincidence?

2019-11-06T16:40:00+00:00

The timing of the Watson and Noonan departures may not have any significance but the Argo vacancy could be attractive for a seasoned executive looking for a platform in a fast-improving market dynamic…

Apollo and Athene

Flexible friends

2019-10-29T17:01:00+00:00

Apollo’s recent news and RenRe’s continued pre-eminence are reminders that the provision of capital and originating and underwriting risk are flexible partnerships. They work best when there is a strong alignment of interest…

Michael J. Warwicker – Chubb

Warwicker joins Chubb Bermuda to head excess liability

2019-12-04T16:28:00+00:00

Chubb Bermuda has hired industry veteran Michael Warwicker as senior vice president and head of excess liability.

RenaissanceRe, TigerRisk and Morgan Stanley

RenRe engages TigerRisk and Morgan Stanley to sell UK legacy book

2019-12-03T15:50:00+00:00

RenaissanceRe has appointed TigerRisk and Morgan Stanley to find a buyer for its £396mn ($514.6mn) UK legacy book which the (re)insurer inherited through its $1.5bn acquisition of Bermudian neighbour Tokio Millennium Re.

Tysers

Tysers names Allen Bermuda director

2019-11-27T11:22:00+00:00

Integro-owned broker Tysers has appointed Christina Allen as a director in Bermuda.

Starr Insurance – Hank Greenberg

Starr Companies considering whole account quota share

2019-11-21T19:24:00+00:00

Starr Insurance Companies is looking to do a whole account quota share with reinsurers that would sit across an estimated $3bn+ underlying book of business that is seeing significant growth in the hardening market, The Insurer can reveal.

Neon

Neon cites retro crunch as it shuts down Bermuda and exits cat reinsurance

2019-11-20T10:33:00+00:00

Lloyd’s (re)insurer Neon will cease writing property treaty reinsurance and intends to close its Bermuda platform as a result of hardening in the retro market, The Insurer can reveal.

Argo

S&P revises Argo US outlook to negative, questions governance

2019-11-14T22:49:00+00:00

S&P Global has revised the outlook of Argo Group US to negative from stable, having only revised the outlook from positive last month.

Bermuda 1

Bermuda says no to US cannabis insurance

2019-11-13T17:01:00+00:00

The Bermuda Monetary Authority has given permission for BMA-supervised firms to insure companies that operate legally in the cannabis sector under the federal laws of their country, but explicitly excluded the US where cannabis is legal at state level only.

Rick Montgomerie and Charlie Vaughan – Bermuda

Chard Re engages Aon Securities and begins fundraising for 1.1 start

2019-11-12T16:03:00+00:00

Markel Corp-backed Chard Re has begun fundraising and anticipates raising “hundreds of millions of dollars” of fresh capital to write reinsurance/retro business at 1.1, The Insurer can reveal.

Guy Carpenter – Bermuda

GC confirms senior Aon Bermuda hires in island restructuring

2019-11-12T08:23:00+00:00

Guy Carpenter has confirmed the hire of Aon’s Robert Johnston and Peter Komposch in Bermuda, a move first revealed by The Insurer in May.

Sirius-share-price

Sirius searching for deal to ease shareholder concentration amid CMI sale reports

2019-11-08T21:26:00+00:00

Sirius International Insurance Group is still actively working to find a solution to resolve its stock’s “unique illiquidity situation” and shareholder concentration, according to president and CEO Kip Oberting.

Dan Malloy – Third Point Re

Third Point Re eyes retro XoL opportunities for 2020

2019-11-07T20:33:00+00:00

Bermudian total return (re)insurer Third Point Re is ready to seize the opportunity to grow a book of excess-of-loss retro business in what are expected to be attractive market conditions at 1.1 and beyond, CEO Dan Malloy has told The Insurer.

Enstar Q3 results

Enstar’s live operations report Q3 underwriting losses

2019-11-07T16:10:00+00:00

Bermudian live-to-legacy player Enstar has reported an operating profit in the third quarter, turning around a loss in the prior period, despite underwriting losses at Atrium and StarStone.

Third Point Re share price

“Time is antidote” for AM Best’s negative outlook: Third Point Re’s Malloy

2019-11-07T20:51:00+00:00

Third Point Re’s CEO is confident the actions taken in the past year will lead AM Best to revise its negative outlook, despite the Bermuda reinsurer setting back its target of a sub-100 combined ratio until next year.

John Turner – Ed

Ed names Aon’s Turner Bermuda chair

2019-11-07T14:55:00+00:00

Broking house Ed has named Aon’s John Turner as chairman of its Bermuda operation, Ed Bermuda.

J. Daniel Plants

Voce says Argo board “cannot be trusted” to choose leadership or direction

2019-11-06T22:09:00+00:00

Activist investor Voce Capital has responded to Mark Watson standing down as Argo CEO by saying the move does not allay concerns about governance and oversight at the Bermudian (re)insurer.

Brian Duperreault 2

Alternative capital market fatigued: Duperreault

2019-11-06T18:37:00+00:00

The alternative capital market is in a state of flux, with investors in the sector “fatigued” by consecutive years of trapped capital, AIG’s Brian Duperreault has said.

Tony Ursano – Hamilton

Hamilton to leverage technology across underwriting platform

2019-11-06T16:10:00+00:00

Two Sigma-backed Hamilton Insurance Group is looking to apply greater technology and data science to underwriting across its platform, according to recently appointed CFO Tony Ursano.

Argo share price

Argo shares climb 7% on Watson exit

2019-11-06T15:21:00+00:00

Shares in Argo Group climbed over 7 percent in early trading in New York on Wednesday as investors reacted to yesterday’s announcement that long-serving CEO Mark Watson III is stepping down.