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W.R. Berkley invests in AI firm Pypestream
Insurance
Property/casualty insurer W.R. Berkley Corporation has led a more than $15 million investment round in artificial intelligence (AI) solutions startup Pypestream.   17 December 2018
BMS expands Bermuda operation with Price Forbes, JLT hires
Insurance
Re/insurance broker BMS Group is building out its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT.   17 December 2018
GRP promotes Bruce to group MD
Insurance
Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018
Insurance
Bermuda-based re/insurer AXIS Capital Holdings has extended the contract of president and CEO Albert Benchimol until Dec. 31, 2023.   12 December 2018
Insurance
The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018
Alternative Risk Transfer
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018
Alternative Risk Transfer
Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018
Insurance
Brexit uncertainty, mounting costs and increased competition are exposing British businesses to greater levels of trading risk which by turn is increasing demand for trade credit cover, according to QBE.   5 December 2018
Insurance
Italian insurer Generali is accelerating its asset management strategy by acquiring 100 percent of CM Investment Solutions (CMISL) from Bank of America Merrill Lynch.   5 December 2018
Insurance
Rating agency AM Best has unveiled its new subsidiary AM Best (EU) Rating Services, based in Amsterdam, the Netherlands.   3 December 2018

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