All the headlines from our Bermuda Topic Page, ordered by recency.
Mar 30 2016 // Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries.All regulatory approvals have been received and the deal...
Mar 24 2016 // Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration.He assumes this role from Richard Brindle who held it...
Mar 22 2016 // Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance management operations (KIM). This acquisition is expected to close on or about March...
Mar 18 2016 // Chubb Ltd. has named the leadership team for its insurance operations in Bermuda, effective immediately.On Jan. 14, 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the...
Mar 14 2016 // Chubb announced that Rees Fletcher, chairman of its Bermuda-based insurance operations, will retire on March 31 2016, bringing to a close a distinguished 27-year career with the company.ACE completed its acquisition of...
Mar 3 2016 // Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route...
Feb 29 2016 // XL Group plc announced a proposal to change its parent holding company’s place of incorporation to Bermuda from Ireland.“Establishing our corporate home in Bermuda is a natural step for XL. XL has had a...
Feb 29 2016 // Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda.Davis will be instrumental...
Feb 23 2016 // Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016.Burke has 15 years of experience in senior finance roles in the reinsurance industry and was...
Feb 22 2016 // Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer.Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and head...
Jan 29 2016 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended Dec. 31, 2015, compared to $125.9 million, or $1.38 per diluted...
Jan 19 2016 // Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6,...
Jan 13 2016 // Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter.Paulson’s venture, a reinsurer named PaCRe Ltd., has stopped...
Jan 13 2016 // Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for...
Dec 30 2015 // The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota.All interested parties are invited to submit written comments in connection with this...
Dec 22 2015 // A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory...
Dec 17 2015 // Argo Group International Holdings, Ltd. announced that William M. Wharton has been appointed to serve as head of professional lines operations in Bermuda. He has experience in Asia and Europe, in addition to Bermuda and...
Dec 16 2015 // Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations.Nick Warren has been appointed Managing Director for Willis’s...
Dec 11 2015 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance...
Dec 10 2015 // Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the...