All Bermuda articles – Page 3
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NewsArcadian 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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NewsAviation 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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NewsFidelis 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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NewsBMA introduces ‘targeted enhancements’ to regulatory regime
Revisions will bolster Bermuda’s international reputation and financial stability, says industry body
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NewsBermuda 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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NewsConvex 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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NewsArgo 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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NewsAntares 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
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NewsSiriusPoint names Steve Yendall chief financial officer
Yendall replaces current SiriusPoint CFO David Junius, who has resigned to pursue other opportunities
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NewsFidelis introduces new fossil fuel restrictions
Pledges are in line with Fidelis’ recently made pledges as a member of the Net-Zero Insurance Alliance
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NewsHurricane Fiona threatens Bermuda as a cat 4
After a remarkably quiet hurricane season to date, Fiona is gaining strength as it passes over Grand Turk Island
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NewsBMS Re Bermuda taps Gallagher Re Bermuda for CEO
McDowell joins BMS Re from his most recent role as CEO of Gallagher Re Bermuda (formerly Willis Re Bermuda)
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NewsMS Amlin loses ‘Amlin’ name in rebrand
’MS Reinsurance’ will continue to underwrite from its platforms in Zurich, Bermuda, Miami and New York
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NewsReduced COVID impact benefits US-Bermudian reinsurers
Favourable reserve development is expected to continue, but there is still inflation to contend with, warns AM Best
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NewsChris Killourhy to take the helm at QBE Re
He replaces interim MD Peter Wilkins, who took over following Steve Postlewhite’s departure earlier this year
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsSiriusPoint reports net loss of $278m in H1
Interim CEO Malloy says the firm is continuing to ”prioritise the improvement of its Reinsurance underwriting results”
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NewsHiscox appoints Stéphane Flaquet as chief operating officer
He is currently group chief transformation officer and Interim chief executive officer for Hiscox UK
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NewsAXIS continues exit from property reinsurance in Q2
Reorganisation expenses related to the company’s exit from property reinsurance business were $16m
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NewsCovéa finalises purchase of PartnerRe from Exor
Thierry Derez, chief executive of Covéa Group, will replace Brian Dowd as chairman of PartnerRe’s board of directors
