All Bermuda articles – Page 5
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NewsReinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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NewsMore funding for flood risks insurer
HSCM Bermuda is among the latest investors in an American flood specialist insurance company.
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People & OpinionStephen Young to lead IQUW’s new Bermuda operation
The new company will be led by Bermudian and seasoned executive Stephen Young, who joins IQUW as CEO of IQUW Bermuda and Global Head of Reinsurance. Young was previously CEO of Sompo International Reinsurance Group.
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People & OpinionAcrisure appoints Grahame Millwater in the new role of head of global insurance
The company said it is putting in place the operational and strategic elements to enable its expansion into a broader fintech financial services company.
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NewsBanks scoops windfall as reinsurer buys his broking group
Arron Banks has scooped a windfall after Arch Reinsurance revealed its plans to acquire his companies.
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NewsBermuda assesses G7’s outline for new global tax system
Curtis Dickinson, Bermuda’s finance minister, reacting to his G7 counterparts’ commitment to a minimum corporate tax, last night said: “It is critical that any agreed framework to establish a global minimum tax, must respect a country’s right to sovereignty in relation to its tax system.”
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NewsAspen reveals new global brand identity
Aspen said its new visual identity focuses on its newly articulated vision of “a world where risks are seen as opportunities, not fears”, its mission to create “clarity from complexity”, and its promise to “provide the perspective, approach and structure required to transform risk”.
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NewsJames Shea to succeed Industry veteran John Charman as Executive Chairman and CEO at Sompo
Mr. Shea will inherit the leadership of a segment that represents more than 30% of Sompo Holdings Group’s projected adjusted profit, employs approximately 6,600 people in over 29 countries and regions and more than $12 billion in gross premiums.
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NewsConduit hits target in first quarter
The company, part of the Class of 2020 start-ups on the island, reported estimated ultimate premiums written of $199.1 million in the quarter versus approximately $160 million announced in its January trading statement.
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NewsNectaris Re launches in Bermuda
Nectaris Re Ltd is the newest member of Bermuda’s re/insurance Class of 2020/21.
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NewsClass of 2020-21 start-ups propel Abir to record membership
Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance are the newest members of Abir, expanding the organisation’s membership to 29, the highest total in its 28-year history.
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NewsVarney Re launches in Bermuda
The Bermudian-based reinsurer has been launched by Varney Insurance Agency, a family-run business based in Maine that serves clients and retail brokers across North America, including Puerto Rico to Canada.
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NewsRoyal Gazette: Burt hints Bermuda could plough a new constitutional furrow
Mr Burt told the global reinsurance and insurance industry site that he rejected the term “independence” because it “conveys something in people’s minds it is not”.
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People & OpinionThird Point Re CEO to be head of runoff at SiriusPoint
The merger is expected to close on or about this Friday, subject to the satisfaction of the closing conditions.
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NewsBermuda’s excellent insurance run-off reputation grows
Bermuda’s reputation as a place for insurance run-off excellence grew continually in 2020, a leading executive in the Bermuda office of professional services firm PwC has said.
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NewsLancashire profit slides on Covid and catastrophe losses
Insurer Lancashire Holdings Ltd saw its full-year profit slide, as losses related to Covid-19 and natural catastrophes took their toll. The Bermudian-based company said pretax profit fell to $5.9 million in 2020, down from $119.5 million in 2019. Net losses related to Covid-19, natural catastrophes including California wildfires and hurricanes ...
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NewsReinsurer secured pandemic protection before Covid-19 crisis
The world was caught unprepared by the Covid-19 pandemic, however a Bermudian-based reinsurer secured some pandemic coverage protection only weeks before the coronavirus health emergency unfolded.
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NewsBlaser launches new global specialty insurer
Mosaic, which will target complex risks and use cutting-edge technology to maximise efficiency, is basing its head office and an underwriting operation on the island.
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NewsBermuda chosen for Gildenbrook Group’s reinsurance platform
The new entity includes a reinsurance platform in Bermuda, an alternative asset manager in the British Virgin Islands and a fintech development firm in Singapore.
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People & OpinionAXIS Re names Katie Partington Howarth as Chief Underwriting Officer
Based in Bermuda, she will be a member of the Reinsurance Leadership Team, reporting to AXIS Re CEO Steve Arora.
