Articles
Insurance
Bermuda's major re/insurers will report elevated combined ratios for 2017, averaging around 108 percent to 109 percent, according to Fitch Ratings. 24 January 2018
Insurance
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), has appointed Andrew Petersen as regional president and executive vice president (EVP) of reinsurance operations. 23 January 2018
Insurance
American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal. 22 January 2018
Insurance
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth. 22 January 2018
Alternative Risk Transfer
American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings. 22 January 2018
Insurance
Capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses, according to Guy Carpenter research. 18 January 2018
Insurance
Bermuda-based specialty re/insurer AXIS Capital Holdings estimated the net financial impact from fourth quarter 2017 catastrophe and weather-related losses at $130 million. 17 January 2018
Insurance
The value of the global non-life discontinued insurance business exceeded $700 billion in 2017, according to research from PwC. 17 January 2018
Insurance
Insurer Aviva has appointed Colm Holmes, currently CEO of UK general insurance, as new chief executive of its Canadian business. 17 January 2018
Insurance
InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018. 17 January 2018
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