AXIS to Stop Insuring Energy, Mining Without Backing of Indigenous Communities October 17, 2022 By Noor Zainab Hussain and Simon Jessop Reinsurer AXIS Capital said it would refuse to underwrite energy, mining and other projects that did not have the backing...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re October 13, 2022 Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B...
MS Amlin AG to Rebrand as ‘MS Reinsurance’ September 12, 2022 MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s...
AXIS Capital Launches Wholesale Division September 8, 2022 AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale...
Brazilian Reinsurer IRB Raises $228.9M in Share Offering September 2, 2022 Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a...
IRB Brasil Re Weighs New Share Offering After Warnings About Capital Adequacy August 16, 2022 IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re August 2, 2022 A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number...
Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters July 28, 2022 By L.S. Howard Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in...
Ariel Re Sponsors 6 Bermudian Students for Summer Internship Program June 30, 2022 Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with...