Bermuda
Ascot launches standalone MGA platform, appoints former AIG executive
Ascot has named former AIG executive Greg Wolyniec as new head of global strategy, effective 31 July 2017.
Analysis: Why cruise lines may find captives attractive
A captive insurance vehicle can be an attractive option for a cruise line, and Bermuda is a premier ‘home port’ for such vehicles.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Neon appoints Mark Gibson as reinsurance and alternative capital director
Neon has appointed Mark Gibson as reinsurance and alternative capital director, effective immediately.
Willis Re names James Kent global CEO
Willis Re has announced that James Kent will succeed John Cavanagh as global CEO.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
Greenlight Re appoints Simon Burton as CEO
Specialist property and casualty reinsurer Greenlight Re has appointed Simon Burton as CEO.
Liberty rebrands specialty division following Ironshore purchase
Liberty Mutual Insurance has completed the purchase of Bermuda-headquartered $2.2bn (£1.7bn) gross written premium specialty insurer Ironshore.
R&Q identifying MGAs for disposal
R&Q chairman and CEO Ken Randall has said the group is looking to simplify its business model as it identifies non-key assets for disposal.
R&Q triples pre-tax profits in 2016
Bermudan insurance investor R&Q tripled pre-tax profits in 2016 to £8.5m from £2.8m in the previous year.
Sompo closes Endurance deal, launches International unit
Sompo Holdings has completed its $6.3bn acquisition of Endurance Specialty, and will integrate the Bermudian carrier through a new unit, Sompo International.
Randall & Quilter buys captive insurer ICDC
Randall & Quilter Investment Holdings has completed the acquisition of ICDC, a captive insurer of an American Fortune 500 company.
Randall & Quilter acquires Bermudian captive Linco
Randall & Quilter has signed a sale and purchase agreement to acquire captive insurer Linco from Ameripride Services and Alsco.
R&Q raise £16.9m through share placing
Randall & Quilter has conditionally raised £16.9m through a placing of new ordinary shares with institutional shareholders and directors as the group looks to simplify its business model.
Lancashire Holdings reports unchanged return on equity despite a 'turbulent' 2016
Bermuda insurer Lancashire Holdings reported unchanged return on equity despite a ‘turbulent’ 2016 but has predicted difficulties within the market for the foreseeable future.
Neon appoints Pritchard as property head
Neon has appointed of Nick Pritchard as head of property reinsurance.
RSA disposes of £834m UK legacy book
RSA has agreed to dispose of UK legacy insurance liabilities worth £834m to the Bermuda-based Enstar Group.
Argo completes Ariel Re deal
Bermuda-based Argo has closed its acquisition of Lloyd's insurer Ariel Re.
XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.