All the headlines from our Bermuda Topic Page, ordered by recency.
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...
Dec 4 2015 // UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd.Aligned Re Ltd. is expected...
Dec 2 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Simon Kimberley as chief underwriting officer of Ascot Underwriting (Bermuda) Ltd.Kimberley transferred to AUB in 2014 as underwriter...
Nov 20 2015 // RenaissanceRe Holdings Ltd. announced that Hugh Brennan, currently finance director at RenaissanceRe Syndicate Management Ltd., will become RSM’s chief executive officer, effective for 2016.Brennan joined...
Nov 19 2015 // A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen...
Nov 13 2015 // Bermuda-based Tokio Solution Management Ltd.* has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016.Lane and Harigai will assume the leadership of Tokio Solution from current CEO, Kathleen...
Nov 11 2015 // Hurricane Kate became the fourth Atlantic hurricane of 2015 early Wednesday morning, passing well north of Bermuda, according to a report from Weather Underground.“Kate is racing northeast, caught up in the jet...
Nov 2 2015 // Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of...
Oct 22 2015 // In a speech delivered before the Brazilian Center for International Relations (CEBRI), Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), praised the Brazilian...
Oct 21 2015 // According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three...
Oct 15 2015 // Bermuda-based Ironshore Inc. has been named Official Insurer for Oracle Team USA for the 35th America’s Cup. The announcement said the company will “provide comprehensive insurance coverage for the team, from...