Bermudians
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Ascot has appointed Mitch McBain as senior vice president and head of management liability in Bermuda.
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The former president for specialty casualty insurance had moved into a senior casualty treaty role in Everest’s reinsurance division last month.
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As negotiations begin to pick up heading into January reinsurance renewals, a clear contrast has emerged among executives between the profitability and availability of capacity across the property and casualty markets.
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Bermuda-based Arbol Underwriters will focus on matching reinsurance capacity with parametric insurance risks.
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The (re)insurer remains committed to cutting volatility and adjusting its risk profile by moving to specialty segments and repricing businesses where margins are inadequate.
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Liz Cunningham, Watford’s chief risk officer, has been named its new CEO, as the company said that ratings agency AM Best had affirmed the outlook on its A- FSR to "stable".
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The executive said during a Q3 earnings call that the company wouldn’t comment on market rumors related to the sale of its primary Lloyd's insurance business.
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The (re)insurer’s combined ratio spiked to 152% after taking $132mn in losses from the European floods and $100mn in claims from Hurricane Ida.
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Brid Reynolds will be responsible for the oversight and development of risk functions globally.
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Reinsurers take stock of a changing catastrophe landscape and plot contradictory courses.
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Industry veteran Alex Blanco, the latest in a flurry of senior-level departures from Axa XL, is to lead Vantage’s insurance business build-up.
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The underwriter’s exit comes after the reinsurer added Jill Beggs from Munich Re last week and promoted Peter Bell to be its new CEO in Bermuda in July.
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