Leadership is key to achieving diversity
As the industry digests the revelations from last week’s international Dive In festival – insurance’s biggest event promoting D&I to date – Argo’s head of insurance in Bermuda, William Wharton, shares the benefits leaders can affect by fostering a diverse and inclusive workforce…
The Insurer comment: Bermuda bellwether for market again
For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.
CatCo’s Montgomerie & Vaughan launch Markel-backed Chard Re
Markel CatCo portfolio managers Rick Montgomerie and Charlie Vaughan are to depart from the retro fund manager and set up a new specialist ILS investment manager and fund with backing from Markel – Chard Re Investment Management (Chard Re).
OCIL’s Kirk departs
Long serving energy underwriter Graham Kirk has left Bermudian carrier Oil Casualty Insurance Limited (OCIL) after the best part of two decades with the carrier, The Insurer can reveal.
Tullett Prebon completes first ILN transaction on new cat trading platform
Global interdealer broker Tullett Prebon has finally completed its first Insurance-Linked Notes (ILN) transaction following the formation of the platform late last year with the ILS arm of asset manager LGT one of the counter-parties.
Aon seeks standardised commission rates on US commercial risk
Broking giant Aon is talking to insurers about fixing standard commission levels by line of business and placement geography for US commercial risk, The Insurer can reveal.
Brit looks to significantly increase AUM at Sussex Capital
Specialty (re)insurer Brit is meeting with ILS investors as it looks to raise funds to upsize its third-party capital platform, including collateralized reinsurance fund Sussex Capital and sidecar Versutus, The Insurer can reveal.
Brit to grow US casualty XOL book after getting A rating for BDA platform
Brit has secured an A financial strength rating from AM Best for the Bermudian platform it will use to expand its reinsurance portfolio in 2020 with a focus on US casualty excess-of-loss (XOL) business.
Markel hires Hamilton’s Slade as Lodgepine president
Brent Slade has been named president of Markel’s new retro ILS fund Lodgepine Capital Management Limited, joining from Hamilton Capital Partners.
Bermuda braces for blow from Cat 3 Humberto
Bermuda schools and businesses – including the offices of (re)insurers, brokers and ILS funds – were closed today as the island bunkers down for a glancing blow from Category 3 Hurricane Humberto.
Aspen appoints former Validus exec Ritz as president
Apollo-owned Aspen Insurance Holdings has named former Validus executive Jonathan Ritz to the newly created role of group president.
More ILS funds to set up rated reinsurers: S&P
S&P believes convergence capital will continue to flow to ILS funds, despite high losses in the past two years and trapped capital, with the ratings agency also expecting more funds to explore setting up rated carriers.
LSM appoints Garside to lead Bermuda property
Liberty Specialty Markets has promoted Nicholas Garside to the role of head of Bermuda property.
R&Q provides legacy reinsurance for a Bermuda domiciled captive
London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.
Everest adds JLT’s Adams for new Bermuda insurance operation
Everest Insurance has hired former JLT executive Kyle Adams to head up its new Bermuda insurance platform.
Ursano appointment signals more deals at Hamilton
Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.