All Bermuda articles
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News
Arch Insurance appoints new MD in Bermuda
Matthew Smith is an internal appointment to managing director for the insurer, after the retirement of Tony Hay.
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Aon names Nichols as Bermuda client leader
Jake Nichols joins from Aeolus Capital Management to be Aon’s global reinsurance clients leader in Bermuda.
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Convex promotes new Bermuda CEO and group deputy CUO
Paul Simons will become Bermuda CEO and Christophe Chandler will become group deputy chief underwriting officer reinsurance.
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Fidelis MGU makes several exec, senior changes
Richard Coulson has been promoted to deputy group CUO, remaining in his secondary role as CEO of insurance.
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Lancashire performs at H1 with premium and profit rises
Gross premiums increased by 26% at the Bermuda-based re/insurer, while profit after tax soared to $159m.
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PartnerRe reports H1 return to profit
Bermuda-based reinsurer bounced back to net income of $787m in the first six months of 2023, for a combined ratio of 83.5%.
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Cooper appointed reinsurance head and Bermuda CEO at Canopius
Charles Cooper joins Canopius from AXA XL, where he was its reinsurance chief executive in Bermuda.
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SiriusPoint and Compre agree $1.3 billion reserve transfer
Hailed as a ‘transformational deal’, it is one of the largest transactions underwritten in the legacy market
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Hurricane Ian drives up Conduit Re loss ratio
Start-up’s ultimate loss estimate for Hurricane Ian is $40.9m as the reinsurer posts full-year combined ratio of 107%
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Voce’s Plants steps down from Argo board
It follows news that Brookfield Reinsurance will buy the group in a $1.1 billion merger following a 6-month strategic review
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Antares Global names global CRO and COO
Faraz Khalid and James Linsao become global chief risk officer and global chief operating officer, effective immediately
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Aspen Capital Markets names Chris Less COO
He joins from Hiscox Re & ILS, where he was most recently in the role of COO
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Arcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
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Aviation start-up Itasca Re launches in Bermuda
Launched by Castlelake, Itasca Re will be led by aviation industry veteran Kostya Zolotusky
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Fidelis completes landmark MGU and balance sheet split
The Fidelis MGU is headed by Richard Brindle with Jonny Creagh-Coen head of strategic relationships
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BMA introduces ‘targeted enhancements’ to regulatory regime
Revisions will bolster Bermuda’s international reputation and financial stability, says industry body
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Bermuda reinsurers anticipate $13 billion in Ian claims
Total (re)insurance losses resulting from Hurricane Ian are expected to total between $50 billion and $75 billion
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Convex Re Bermuda appoints deputy CEO and CUO
Paul Simons joins as depty CEO from AXA XL where he was most recently CEO of Bermuda Reinsurance
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Argo engages Goldman Sachs in hunt for buyer
The company is urging support from shareholders as it embarks on a ‘strategic alternatives process’
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Antares Bermuda receives approval to write Lloyd’s business
This will allow it to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda