All the headlines from our Bermuda Topic Page, ordered by recency.
Jun 16 2021 // Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda office Lockton Re (Bermuda) Ltd., which will be led by Jonathan (Jonty)...
Jun 9 2021 // This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK.A summary of these new hires follows here. Liberty Specialty Markets Bermuda (LSM Bermuda), part of Liberty...
Mar 15 2021 // London-based broker Miller has appointed Charlie Simpson to lead its new platform in Bermuda.Simpson, who joins as head of Bermuda, will concentrate on growing the broker’s presence in the key re/insurance hub by...
Mar 9 2021 // DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further...
Feb 26 2021 // Ascot announced the promotion of Ian Thompson to chief executive officer, Bermuda.Thompson will assume leadership of Ascot’s multi-faceted business on the island, which includes specialty insurance, reinsurance and...
Feb 4 2021 // Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate.Operating with initial capitalization of $185...
Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021.Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...
Jan 20 2021 // AkinovA (Bermuda) Ltd., the wholly owned Bermuda trading subsidiary of AkinovA Ltd., has been granted the first “Insurance Marketplace Provider” license by Bermuda’s financial services regulator.This new...
Jan 19 2021 // Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd.Scully will report to Tim Duffin, chief underwriting...
Jan 13 2021 // Canopius announces its Bermuda-based reinsurance company Canopius Reinsurance Ltd. has been granted a Class 4 reinsurer license by the Bermuda Monetary Authority.The reclassification will significantly extend Canopius...
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,...