News

Actuarial & underwriting

Number of captives writing pandemic coverage set to grow: Marsh

At least 25 captives managed by Marsh are writing coverage for pandemic risks, according to a Marsh report titled Captives Offer Value in Uncertain Times.   22 September 2020

Actuarial & underwriting

BMA registers W Insurance in August

The Bermuda Monetary Authority (BMA) registered 13 new insurance entities in August.   22 September 2020

Actuarial & underwriting

RSG Underwriting Managers names new management team following All Risks merger

Ryan Specialty Group has appointmented Nick Cortezi as chairman and chief executive officer of RSG Underwriting Managers, while Matt Nichols becomes president.   17 September 2020

Actuarial & underwriting

Astaara names Howard Potter as head of marine cyber

Astaara, the Guernsey-based marine insurance and risk assessment firm, has appointed Howard Potter as its new head of marine cyber.   14 September 2020

Actuarial & underwriting

SRS set to acquire Dyna Management Services

Strategic Risk Solutions (SRS) will acquire the operations of Dyna Management Services, an independently owned insurance management company headquartered in Bermuda.   14 September 2020

Actuarial & underwriting

Market hardening has a long way to go, warns panel at Bermuda Captive Conference

Businesses should not expect an end to the hardening market any time soon, according to panelists at the Bermuda Captive Conference this week, speaking at a panel session titled Insights on a Hardening Insurance Market.   11 September 2020

Actuarial & underwriting

Businesses join Congresswoman Maloney in calling for action on PRIA

Carolyn Maloney, the Democrat Congresswoman from New York, has called on Congress to be proactive in helping businesses protect themselves from economic losses resulting from pandemics by enacting the Pandemic Risk Insurance Act (PRIA).   11 September 2020

Actuarial & underwriting

R&Q hires Patrick Rastiello to run new E&S programme management business

Randall & Quilter Investment Holdings has named Patrick Rastiello as chief executive of its newly established US excess and surplus (E&S) programme management business, Accredited Specialty Insurance Company (ASIC).   9 September 2020

Actuarial & underwriting

RT Specialty hires Mason Johnston to launch its new Alabama office

RT Specialty has hired Mason Johnston as president of a new office in Birmingham, Alabama.   2 September 2020

Actuarial & underwriting

DARAG Bermuda provides finality for Cayman reinsurer

DARAG has concluded a novation agreement with an unnamed Cayman reinsurer to provide finality for its US liability books, in a deal valued in excess of $40 million.   1 September 2020

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