Latest Bermuda Headlines

All the headlines from our Bermuda Topic Page, ordered by recency.

Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits

Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...

Mosaic Expands Summer Intern Program for Students in Bermuda, New York, London

Jun 29 2022 // Mosaic Insurance has welcomed its second year of summer interns, expanding the program to include students at its Bermuda, New York, and London offices.Skyler Powell, 20, is working as a Communications, Marketing &...

People Moves: Miller Names Markel’s Duda for ILS in Bermuda; Howden LatAm Hires Hernandez as Regional General Counsel; Aon Appoints Parsons for UK Capital Advisory

Jun 16 2022 // This edition of International People Moves details appointments at three insurance brokers: Miller, Howden and Aon.A summary of these new hires follows here. Miller Names Markel’s Duda as Head of ILS in...

First Named Storm of 2022 Brings Minor Flooding to Miami Area. Bermuda Next

Jun 6 2022 // Tropical Storm Alex, the first named storm of what’s predicted to be a busy 2022 Atlantic season, caused minor flooding in parts of South Florida before it strengthened a bit and aimed for Bermuda.The storm that...

Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case

Mar 30 2022 // A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from Credit Suisse’s local life insurance arm...

Mosaic Creates Cyber Underwriting Hub in Bermuda

Mar 18 2022 // Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk.The specialty insurer has transferred its cyber team underwriter George Cole...

Bermuda Suspends Permits for Russian Planes

Mar 16 2022 // Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to international sanctions over the war in Ukraine, in a move...

Argo Group Completes Sale of Brazilian Business to Spice Private Equity

Feb 16 2022 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd.“The closing of this...

People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region

Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking.A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting OfficerConduit Re...

People Moves: BHSI Promotes McGriskin to Lead UK FI; Former Enstar Exec Rocke Heads RiverStone Int’l in Bermuda; Tysers Hires Aon’s Lucas for Political Violence & Terrorism Team

Feb 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), RiverStone International and broker Tysers.A summary of these new hires follows here. BHSI Promotes...

Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier

Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...

People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman

Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada.A summary of these new hires follows here. Legacy...

Cyber MGA Resilience Forms Captive Insurer in Bermuda

Feb 1 2022 // Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company.Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ...

Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer

Jan 7 2022 // Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer.In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Co. Ltd. (FRL), Bermuda’s largest...

People Moves: Aon’s Heinicke to Lead Casualty for WTW in Bermuda; KPMG UK Promotes Jones as Head of Insurance Practice; Howden’s King to Miller in Singapore

Jan 5 2022 // This edition of International People Moves details appointments at Willis Towers Watson, KPMG and Miller.A summary of these new hires follows here. Insurance broker Willis Towers Watson announced the appointment of Chris...

Insurtech Arbol Launches Bermuda MGU, Focusing on Parametric Reinsurance

Nov 10 2021 // Arbol Inc., a New York City-based insurtech platform for parametric protection products, announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, which is focused on providing...

People Moves: Tysers’ Allen to Oneglobal Bermuda; MS Amlin Promotes Wallington for Specialty Re; Kessler Named Chair of Insurance Europe’s Reinsurance Advisory Board

Oct 25 2021 // Allen appointed as Head of Financial Lines for Oneglobal BermudaOneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will...

Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch

Oct 22 2021 // Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to...

Howden Acquires Bermuda-Based Insurance Broker Foram

Oct 21 2021 // Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda.Financial terms of the transaction were not disclosed. Foram is an...

People Moves: Gallagher Re’s Bousfield to Lockton Re Bermuda; Atrium Names Munich Re’s Cusition as Marine U/W; MS Amlin Hires RSA’s Forsyth as Lead Class Hull U/W

Oct 8 2021 // This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters and MS Amlin Underwriting.A summary of these new hires follows here. Lockton Re Bermuda...