Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases.

Bermuda-domiciled global specialty re/insurer Ascot Group has priced the offering of $350 million aggregate principal amount of 6.349% fixed-rate reset senior notes due in 2035, as the carrier looks to be more financially flexible.

The fintech industry is poised for significant growth despite recent challenges, according to a recent report by Boston Consulting Group (BCG), a management consulting firm, and QED Investors, a venture capital firm specialising in fintech, titled Global Fintech 2024: Prudence, Profits, and Growth.

Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance.

Specialty MGA Optio Group has advanced its European expansion by completing a strategic investment in the Italian MGA Heca S.r.l., following regulatory approval.

At a special general meeting held earlier today, R&Q Insurance Holdings Ltd.’s shareholders approved the sale of the company’s program management business, Accredited, which is expected to close in the first half of 2024.