All the headlines from our Bermuda Topic Page, ordered by recency.
Jun 8 2015 // The Supreme Court of Bermuda has denied EXOR’s request to obtain shareholder information from PartnerRe, the reinsurer that is seeking to merge with AXIS Capital Holdings and avoid a hostile takeover from EXOR...
Jun 8 2015 // Xuber, Xchanging’s insurance software business, announced that it has been appointed by P/C reinsurer Ariel Re to provide “the Xuber ‘for Reinsurers solution suite’ for the company’s...
Jun 3 2015 // Insurance broker Lockton has named Josh Dircks as a senior vice president in Lockton Bermuda to expand the capabilities of the Lockton Global Energy expertise on the island.As a key senior leader of the Lockton Global...
May 22 2015 // The Bermuda Monetary Authority has appointed Shanna Lespere as its chief operations officer (COO).In her new position, effective immediately, Lespere will oversee the authority’s operational functions –...
May 22 2015 // Bermuda-based Montpelier Re Holdings Ltd announced that it has scheduled a special general meeting of its shareholders to “consider and vote upon a proposal to approve the previously announced Agreement and Plan of...
May 20 2015 // A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co.The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital...
May 19 2015 // The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’ value.Montpelier Re Holdings Ltd. and Platinum Underwriters...
May 7 2015 // AXIS Capital Holdings Ltd. climbed in New York trading on Wednesday after “Insurance Insider” reported that the company, which has agreed to merge with PartnerRe Ltd., could draw a bid from Arch Capital Group...
Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.The...
Apr 24 2015 // Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service.The IRS, in proposed rules published Thursday, said that...
Apr 21 2015 // ACE Group has announced several key executive appointments in its ACE Bermuda business.Rees Fletcher has been named Chairman of ACE Bermuda. He joined ACE Bermuda 26 years ago, rising to the position of Senior Vice...
Apr 20 2015 // Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance...
Apr 15 2015 // Validus Reinsurance, Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has announced a number of underwriting promotions in its Bermuda office, “strengthening the capabilities and breadth of its global...
Apr 6 2015 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey.The ABIR said:...
Apr 2 2015 // Stephan Ruoff has been appointed chief executive officer of Tokio Millennium Re AG (TMR), a Zurich-based subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd.Ruoff has worked with TMR, a global multi-line...
Apr 2 2015 // Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately.He will oversee Willis’s whole range...
Apr 2 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range.ABR Reinsurance Capital Holdings Ltd. raised...
Mar 20 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion.The business is named ABR Reinsurance...
Mar 20 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance...