All the headlines from our Bermuda Topic Page, ordered by recency.
Jan 7 2021 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022.New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry...
Dec 28 2020 // W. R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the Bermuda Monetary Authority.Lifson Re has been capitalized with more than $250 million of...
Dec 3 2020 // Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received Bermuda Monetary Authority (BMA) approval of its amended business plan, allowing it to...
Dec 2 2020 // Conduit Holdings Ltd. rose as the Bermuda-based reinsurer started trading in London after an 826 million-pound ($1.1 billion) initial public offering.The stock climbed as much as 7% to 534.9 pence from the offering price...
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Nov 23 2020 // Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer.Ada Re has...
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s.It is also marked by...
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
Oct 23 2020 // Bermuda has been spared the worst of Hurricane Epsilon, which passed 200 miles to the east of the island and is heading , according to a report from Weather Underground.However, Epsilon’s large size, at times,...
Oct 22 2020 // Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday.Epsilon is expected to make its closest approach to the island on Thursday night, and there is a risk of a direct...
Oct 21 2020 // Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Reardon succeeds Mike Krefta, who, as announced in August,...
Oct 20 2020 // Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it nears Bermuda late this week.Epsilon’s winds have reached 40 miles (64 kilometers) per hour...
Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently.Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years.And at least one member of the group of...
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Sep 18 2020 // Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London).These...
Sep 17 2020 // Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance.Arcadian said it has received its license from the Bermuda...
Sep 11 2020 // While a tropical storm approaches Bermuda, the threat of more powerful systems is expanding across the Atlantic, from the Gulf of Mexico to Africa.Tropical Storm Paulette probably will become a hurricane on Sept. 13 as it...
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates.The good news for companies,...