All the headlines from our Bermuda Topic Page, ordered by recency.
Aug 31 2020 // Although total return reinsurers, which like to take more risk on the investment side of their balance sheets than other reinsurers, have the potential to generate significantly higher investment returns than traditional...
Aug 7 2020 // Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash...
Jun 15 2020 // AM Best has placed under review with negative implications the credit ratings of StarStone Insurance Bermuda and its subsidiaries as a result of the recent announcement by parent company, Enstar Group Ltd., that it was...
Jun 10 2020 // Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction.Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss...
May 18 2020 // Ed Broking, the London-based reinsurance, wholesale and specialty broker, announced the external launch of its TradEd portals for carriers and clients in Bermuda.TradEd, the e-trading platform that is used in-house by BGC...
Apr 8 2020 // Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities...
Mar 31 2020 // Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-headquartered reinsurance...
Mar 30 2020 // Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a strategic review.The company said it has approved the launch of a sales process, after...
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd.Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both prospective...
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Feb 28 2020 // TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and...
Feb 27 2020 // AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020.A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a...
Jan 31 2020 // International General Insurance Holdings Ltd. (IGI) announced it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius...
Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd.“As we enter the 200th year...
Jan 15 2020 // Ed, the global reinsurance, wholesale and specialty broker, announces the appointment of Colin Kelley as head of Ed’s new Liability Division in Bermuda. Effective immediately, Kelley will lead the professional lines,...
Dec 17 2019 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Mark Simons as head of Business Development and Production, Bermuda.Simons, who joins in January 2020, will focus on developing...
Dec 16 2019 // Bermuda’s insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year.Reciprocal status will make...
Nov 12 2019 // Guy Carpenter announced the appointment of Robert Johnston as chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as head of Casualty and Specialty, Bermuda, with immediate effect.Johnston has nearly...
Nov 7 2019 // Ed, the reinsurance, wholesale and specialty broker, announced it has appointed John Turner as chairman of Ed Bermuda.In this newly created role, Turner will “provide hands-on support to realize the potential of the...
Nov 1 2019 // Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents.The team will write excess casualty...