Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which will provide collateralized capacity for Hamilton Re’s global reinsurance portfolio. Hamilton Re said Turing Re has been funded with $65 …
AlphaCat Managers Ltd., the Bermuda-based subsidiary of Validus Holdings Ltd., announced the appointment of Bernard Van der Stichele to the position of portfolio manager for AlphaCat. In this new role, Van der Stichele will report to Lixin Zeng, chief executive …
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by 5.1 percent this year. This …
InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry. There are eight founding insurance companies: AXA, Barmenia, Debeka, Gen Re, Gothaer, LVM, Provinzial Rheinland and R+V. …
Wu Xiaohui, the chairman of Anbang Insurance Group Co. Ltd., is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China. The Financial Times reported that Wu …
Marsh has launched the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. Available exclusively through Marsh, AFIC provides an alternative aircraft finance insurance product …
Greenlight Capital Re tapped a veteran Bermuda reinsurance executive as its new chief executive officer. Simon Burton is slated to become CEO of the hedge fund/specialist reinsurer as of July 1, 2017 and will also serve on the board of …
Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the hallmarks were there: targeted phishing emails …
Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial institutions’ (FI) renewal rights. The purchase, which excludes emerging markets business, encompasses a portfolio that …
President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image as a global leader. Trump’s withdrawal from …
