Reinsurance

A Post-Merger SiriusPoint Makes Its Debut

SiriusPoint Ltd., a Bermuda-based international specialty insurance and reinsurance company, has formally launched, the creation of a merger between two specialty companies. Specialty reinsurer Third ...

Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims

Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...

Executives On The Move at Zurich North America, BHSI and AXIS Capital Holdings

Zurich North America hired a former Aviva executive to take on a leadership role in Canada for its Group Risk Management team. Berkshire Hathaway Specialty Insurance named a new senior vice president ...

Enstar Group Providing $2B+ Adverse Development Cover To AXA XL

Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar's ...

Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...

Shareholders Push Companies to Tackle Climate Change Shortfalls

In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the ...

Third Point Re CEO Malloy Moves To Distribution Leader Role At Sirius

As Third Point Re continues to staff up its executive and underwriting teams in advance of an anticipated merger with Sirius International Insurance Group Ltd., the Bermuda-based reinsurer has ...

Swiss Re Posts $878M 2020 Loss, Much Larger Than Expected

Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects ...