Envelop Underwriting expands Bermuda operations with senior appointment

Envelop Underwriting, the specialist underwriting platform within the Envelop Risk Group, continues to strengthen its presence with the appointment of JayLynn Hines as Vice President of Bermuda Underwriting. Hines joins the company with seven years of underwriting experience and a well-established professional background. Her appointment supports Envelop Underwriting’s continued investment in its Bermuda platform to…

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Calidris marks market entry with sidecar transaction and leadership expansion

Calidris Investment Partners, a Bermuda-based investment management firm specializing in the insurance industry, has announced its entry into the market after successfully completing its first insurance sidecar transaction and expanding its senior leadership team. The company is backed by Redbird Capital Partners as lead investor in launching George Street Re, a casualty reinsurance sidecar sponsored…

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Howden expands cyber capabilities with launch of US practice

Howden, an insurance intermediary group that provides brokerage, reinsurance and underwriting services, has announced the establishment of a dedicated US online business unit, emphasizing continued investment in professional talent to support corporate customers. The new practice is built around a senior leadership team that includes Juliet White, head of cyber; Lou Botticell, head of cyber…

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Beazley rejects latest Zurich proposal on the basis it ‘materially undervalues’ the firm

Specialist insurer Beazley confirmed its board had unanimously rejected a cash offer of 1,280p per share from Zurich, saying the offer “significantly undervalued Beazley and its long-term prospects as an independent company”. Beazley’s decision follows a detailed evaluation of the Jan. 19 proposal by the board and its advisers. Beazley said the board is fully…

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Converge appoints Howie Altman as Chief Technology Officer

Converge, a company specializing in cyber risk management and underwriting, announced the appointment of Howie Altman as chief technology officer. Altman joins Converge to enhance its artificial intelligence and data capabilities, accelerate the company’s technology roadmap, and expand its proprietary platform to support profitability. In his new role, he will further expand Converge’s artificial intelligence…

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SageSure and GeoVera Nova close $200mn cat bond, Meritage Re’s first issuance

SageSure, a general underwriter (MGU) specializing in U.S. catastrophe property insurance, and GeoVera Nova, a provider of earthquake, wind, residential and commercial property insurance, announced the completion of the issuance of the first tranche of Meritage Re Ltd. Series 2026-1 catastrophe bonds in the amount of $200 million. This is the first offering from Meritage…

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