All the headlines from our Bermuda Topic Page, ordered by recency.
Nov 1 2012 // S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams.Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will...
Oct 18 2012 // Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited.OneBeacon said it will transfer to Armour certain legal...
Oct 17 2012 // Rafael became the season’s ninth hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s Wednesday, 5:00 AM...
Oct 14 2012 // As of Sunday afternoon, Tropical Storm Rafael was moving away from the Leeward Islands after battering the islands with strong winds and heavy rain.Rafael, the 17th named storm of the Atlantic hurricane season, has maximum...
Oct 3 2012 // Bermuda-based AXIS Capital Holdings Limited announced that Eric Gesick has joined the Company in the new position of Group Chief Actuary. He also joins the Executive Committee of AXIS Capital, and will lead the...
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
Sep 21 2012 // ACE has announced three appointments in its ACE Tempest Re Bermuda reinsurance unit: Wayne Ashley as Chief Underwriting Officer, International; Graeme Henderson as Vice President, International; and Darin Cassidy as Vice...
Sep 20 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Emirates Insurance Company P.S.C. (EIC), which is...
Sep 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company...
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Sep 10 2012 // The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9.Leslie is currently accelerating...
Sep 6 2012 // Leslie has become a category one hurricane on the Saffir-Simpson scale with maximum sustained winds of 75 mph, 120 km/h. A gradual strengthening is forecast over the next 48 hours.The latest bulletin, posted at 5:00 a.m....
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
Aug 31 2012 // Two tropical cyclones – Hurricane Kirk and Tropical Storm Leslie – are currently active in the middle of the Atlantic Ocean. The National Hurricane Center in Miami is tracking both of them, as well as the remnants of...
Aug 29 2012 // Montpelier Reinsurance Ltd., the Bermuda-based subsidiary of Montpelier Re Holdings Ltd., announced that it has named Christopher Downey as Head of Global Casualty and Specialty Treaty Reinsurance, effective immediately.He...
Aug 27 2012 // Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. (ASRe) as a Casualty Underwriter to assist in the expansion of the reinsurer’s casualty portfolio. He has over 15 years of experience in the...
Aug 27 2012 // XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager.He reports to Managing Director & Head of Casualty Reinsurance in...
Aug 17 2012 // Bermuda-based Montpelier Reinsurance Ltd. a subsidiary of Montpelier Re Holdings Ltd., announced the appointment of Nicholas Lucking as Head of Individual Risk Property, effective immediately.He is responsible for...
Aug 16 2012 // Validus Reinsurance Ltd. has become the latest reinsurer licensed to do business in Florida under the state’s reduced capital law.Under a 2009 law that was designed to attract more private capital to the state,...
Aug 14 2012 // Hiscox Bermuda has appointed Dr. Michael Palmer as Head of Analytics and Research for the group’s Bermuda operation. He will report to Damien Smith, Hiscox Bermuda’s Underwriting Director, and “will take...