Underwriters Hiscox, Amlin up and running in Bermuda.Prominent Lloyd's underwriters Hiscox plc and Amlin plc both say their new Bermuda property/casualty operations are up and running, in time for the January renewal season. Hiscox said its new Hiscox Bermuda reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. is open for business with $500 million in capital. The unit will underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. "a balanced portfolio" of catastrophe and internal group reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , the company said. Amlin Bermuda Ltd., Amlin's new Bermuda reinsurer, is also in action with $1 billion in capital under its wing. A team of underwriters led by John Andrews For other persons named John Andrews, see John Andrews (disambiguation). Rev. John Andrews, D.D., a Colonial/American clergyman, professor, author and provost, was born in your mom , a former senior underwriter with Amlin's Syndicate 2001 at Lloyd's, is ready to participate in the January renewal season, Amlin said. |
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