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Stephen Catlin, the chief executive officer and chairman of Convex, is on the new advisory board for Whitespace, a fully digital e-trading platform for brokers and insurers. London-based Whitespace has a number of clients in Bermuda, and in an interv...

Bermudian-based Legal and General Re won in the Life Transaction of the Year category at Trading Risk magazine’s annual awards. L&G Re’s Adverse Mortality Stop Loss cover, executed in December 2019, protects the reinsurer’s US portfolio of mortality...

Essent Group Ltd has increased its credit facility from $500 million to $625 million. The Bermudian-based mortgage re/insurer said the amendment comprised an increase in its revolving credit facility from $275 million to $300 million, as well as the ...

Rosh Capital Management is to set up a new reinsurer in Bermuda, backed by $600 million of family office capital. Reports in trade publications suggest Rosh Re Ltd will have an investment-oriented approach. Rosh Re’s lead investor, providing $600 mil...

About $12 billion of new capital has flowed into the re/insurance industry this year, most of it going to existing companies rather than start-ups. The estimate was put forward by Maamoun Rajeh, chairman and chief executive officer of Arch Worldwide...

Dinos Iordanou and Greg Hendrick are to head up a new insurer and reinsurer called Vantage, trade publications are reporting. Mr Iordanou, former chairman and chief executive officer of Arch Capital Group, will be Vantage’s non-executive chairman, wh...

Shabnam Ahmed has joined Elementum Advisors, a leading alternative investment manager specialising in collateralised natural catastrophe event reinsurance investments. She has been appointed to the Bermuda office as senior vice-president, underwritin...

Digital data is the future for insurance and reinsurance if the sector hopes to achieve efficiency gains and other benefits, according to Whitespace Software Ltd. The company has celebrated the first anniversary of the start of trading on the Whitesp...

Bermudian-based run-off specialist Fleming Re has agreed to acquire Sinclair Insurance Company, a captive insurer domiciled on the island. Sinclair, which was incorporated in 1985, has provided workers’ compensation, general and products liability an...

A $20,000 donation was made to a non-profit organisation that provides helps for people with special needs. WindReach received the funding boost from Third Point Reinsurance to support its life skills and therapeutic riding programmes, which benefit ...

Markel Corporation has closed its property-catastrophe reinsurance unit, impacting a team of about 25 people in Bermuda, The Royal Gazette understands. Some of the impacted staff have been offered jobs with Nephila, another branch of the Markel grou...

Insurers and reinsurers have been told that the climate crisis is the problem of our time, even more so than Covid-19. Marshall Shepherd, a leading meteorologist, said it was crucial for scientists to make people understand that climate change is hap...