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Bermuda reinsurers are said to be among those most exposed for much of the protection and indemnity related liability

The company has had an office on the island since its 2021 acquisition of Foram Brokerage Ltd

Newly updated Axa XL policy designed to enhance their AA- financial rating, among other things

Last year’s hurricane activity was about 120 per cent of the average season and this year it is expected to be 170 per cent

In a separate deal, the New York-headquartered alternative asset manager agrees to acquire Kuvare Insurance Services LP for $750 million

Appointee’s responsibilities will include leading the company’s regulatory relations efforts in Bermuda

Industry veteran will oversee the company’s third-party capital initiatives in Bermuda

He had been acting in an interim capacity since last June

Juliette Oatley-Baia, Roger Moniz and Scott Dunstan are also promoted

The company congratulated the staff for their achievements