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Chubb’s chief financial officer, Philip Bancroft, will retire on July 1 after 19 years with the company. He will be succeeded by Peter Enns, who is to join the company as an executive vice-president on or before April 1. Mr Enns has more than 30 year...

Commercial re/insurer Convex Group Ltd has ramped up its total committed capital to $3.2 billion after a $500 million investment from US investment firm Sixth Street. The Bermudian company, launched in April 2019 by industry veterans Stephen Catlin a...

Bermudian start-up reinsurer Conduit Re hit the ground running writing about $160 million of gross premium during the January 1 reinsurance contract renewal season,. The new company, backed by $1.1 billion of capital raised in an initial public offer...

Bermudian-based insurance-linked securities specialist Horseshoe Group is to provide insurance management services for Lloyd’s of London’s new multi-insurance special purpose vehicle. Lloyd’s today announced that it has sponsored the creation of an i...

Aon, an insurance broker with offices in Bermuda, has ended a business relationship with the Trump Organisation. The company is one of several to turn their backs on US President Donald Trump’s enterprise since last week’s violent and deadly storming...

Bermudian-based specialty re/insurance outfit Hamilton Insurance Group Ltd has appointed Elaine Scully as senior vice-president, head of casualty insurance in its Bermuda company, Hamilton Re Ltd. Ms Scully will report to Tim Duffin, chief underwriti...

Bermudian-based reinsurance company Canopius Reinsurance Limited has been granted a Class 4 Reinsurer licence by the Bermuda Monetary Authority. Canopius said the reclassification will significantly extend Canopius Re’s scope, enabling it to increase...

Bermudian-based specialty re/insurance outfit Hamilton Insurance Group Ltd has made two senior appointments in its Lloyd's operations, Hamilton Managing Agency Ltd. Trevor Ormes joins as deputy active underwriter of Syndicate 4000 and head of profess...

Chubb has appointed Jeremiah Konz as chief reinsurance officer with immediate effect. He succeeds Michael Kessler, who has been appointed division president of the company’s global cyber-risk insurance business. Mr Konz was executive vice-president,...

Insurance executive Jeremy Young has joined Bermudian-based Transamerica Life (Bermuda) Ltd as its global head of sales and distribution. The company said Mr Young will be responsible for enhancing and executing the company's sales strategy, while bu...

Insurance executive Nick Foden-Pattinson has been appointed to a dual role by Ardonagh Specialty, part of the UK insurance intermediary Ardonagh Group. Mr Foden-Pattinson will lead the organisation’s newly formed North America reinsurance team and wi...

Traditional dedicated reinsurance capital at the end of 2020 was estimated at $397 billion, a marginal increase year-on-year. Favourable valuations of asset levels and capital initiatives saw capital levels recover from a midyear decline. The estimat...