All the headlines from our Bermuda Topic Page, ordered by recency.
Apr 24 2017 // Neon has appointed Catherine Sethi as senior underwriter in its Property Direct & Facultative (D&F) team.Based in London, Sethi will report to Sam Yates, who joined Neon recently to lead the expansion and growth of...
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business.The...
Mar 31 2017 // Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are...
Mar 17 2017 // When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned.From his current position as chief underwriting...
Feb 13 2017 // Neon has appointed Nick Pritchard as head of Property Reinsurance. Pritchard initially will be based in Neon’s Bermuda office and will oversee the growth of Neon’s property reinsurance operations across both...
Feb 3 2017 // Ascot Underwriting Ltd. announced that Ian Thompson, Nick Williamson, and Justin Keith will be joining Ascot on March 1 to underwrite healthcare, casualty treaty, and specialty reinsurance business, based in Ascot’s...
Jan 18 2017 // OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said.The Bermuda-based company recently began working with...
Jan 11 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced that Matthew Isaly has been appointed to the newly created position of senior vice president, head of Information Systems.Reporting to Chief...
Jan 9 2017 // ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk...
Jan 9 2017 // London-based Brit Ltd. said it has renewed and expanded the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer, Versutus Ltd., in support of Brit’s property treaty portfolio...
Jan 4 2017 // Renaissance Reinsurance Ltd. announced the formation of Fibonacci Reinsurance Ltd., a special purpose insurer domiciled in Bermuda. Fibonacci Re was formed to provide collateralized capacity to Renaissance Reinsurance, the...
Dec 20 2016 // Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market.KaylaRe launches with initial capital of $620 million,...
Dec 13 2016 // A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency.The changes are coming to Tokio Solution Management Ltd., the...
Dec 9 2016 // XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017.Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over...
Dec 2 2016 // Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017.He will succeed Jeremy Pinchin who, after five years in Bermuda,...
Nov 29 2016 // Willis Re, the reinsurance business of Willis Towers Watson, announced the promotion of James Kent – co-president of Willis Re and President of Willis Re North America – to the position of Global Deputy CEO, Willis Re,...
Nov 18 2016 // North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal with a supply-demand imbalance that has weighed on returns, according to executives at the...
Oct 24 2016 // Neon announced it has appointed Dwayne Hunt to the role of senior vice president – Property Insurance, in Neon’s Bermuda office.Neon said it opened a Bermuda office earlier this year to provide greater access...
Oct 21 2016 // Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors.Somerset Re provides customized...
Oct 14 2016 // Hurricane Nicole made a direct hit on Bermuda Thursday as the strongest hurricane to affect the Atlantic archipelago in 13 years, according to a report issued by Weather Underground.The storm’s impact on Bermuda has...