This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer Hiscox and broker BMS. A summary of these new hires follows here. SiriusPoint Appoints Bernina Re’s Kull as CRO SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has …
Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said, above analysts’ expectations, while it reported strong premiums written this year thanks to rising rates. The Lloyd’s of London insurer …
A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022, according to Carlos Wong-Fupuy, senior director, AM Best. …
Insurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage. Amazon now requires third-party sellers to obtain product liability coverage …
Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events against cancellation risk due to the COVID-19 pandemic, after intense industry lobbying. Insurers stripped coronavirus cover from event cancellation policies …
Specialist global insurer Hiscox announced that after 21 years as group chief executive, Bronek Masojada plans retire at the end of the year. In January 2022, he will be succeeded by Group Chief Financial Officer Aki Hussain, subject to regulatory …
The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 weekend. Now, insurers are reassessing the cyber business. With cyber …
These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC International’s Professional Risks team. A summary of these new hires follows here. Hiscox, the specialist global insurer, has announced two …
This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these new hires follows here. Liberty Specialty Markets Bermuda (LSM Bermuda), part of Liberty Mutual Insurance, has appointed Nicholas Garside to …
Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate 2008 will assume historical liabilities for selected lines of Hiscox Syndicate 3624, including the majority of Hiscox USA’s surplus lines …
