All Bermuda articles – Page 5
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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.
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NewsOneglobal opens office in Bermuda
Craig Douglas has been appointed as executive director, and will report to Mike Reynolds, group chief executive officer, while Kilian Whelan will join the business as chief operating officer.
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NewsFitch: Bermudian re/insurers raise $7.7bn of new capital
Fitch added that there had been some disappointment among carriers at the extent of reinsurance rate rises during the January 1 renewal season.
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NewsAkinovA becomes the first new regulated Insurance Marketplace for 150 Years
Bermuda has both the largest Insurance Linked Securities (ILS) and captive insurance sector globally and boasts one of the world’s largest reinsurance markets.
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NewsCanopius Re gains Class 4 Licence
anopius Re’s status as a Class 4 company will considerably add to Canopius’s Bermuda operations
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NewsGroup Ark Insurance has been assigned a financial strength rating of A (Excellent) by AM Best
AM Best said: “The ratings reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management, and are based on the group’s five-year business plan.
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NewsF&G Re takeover completed
Bermudian-based life reinsurer F&G Reinsurance will operate under a new brand, Aspida Re, after the takeover of the company was completed. Ares Management Corporation and its indirect subsidiary Aspida Holdings Ltd today announced the completion of Aspida’s previously announced acquisition of F&G Re, a subsidiary of Fidelity National Financial. As ...
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NewsRoyal Gazette: Convex gears up to bolster its Bermuda operation
The biggest insurance start-up in Bermuda’s history, Convex Group Ltd, is gaining traction and is looking to bolster its team and its Bermudian operation.
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NewsNew Bermudian reinsurer Vantage Risk assigned A- rating
Vantage plans to expand into primary insurance lines and operate as Vantage Group. Dinos Iordanou, formerly of Arch Capital Group Ltd., will serve as a non-executive chairman for the greater group, with Greg Hendrick, formerly of Axa XL, serving as the group’s chief executive officer.
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NewsBermuda’s reinsurance resilience highlighted
“Bermuda is at the forefront of global capital raising in the reinsurance sector with estimates of approximately $12 to $15 billion of new capital being deployed into the sector in the last several months,” said Arthur Wightman, PwC Territory and Insurance leader.
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NewsPartnership to build Bermudian talent in re/insurance
Albert Benchimol, chief executive officer of Axis Capital and chairman of Abir, said: “Abir member companies serve global communities, while being committed to building their talent pipeline of new re/insurance leaders in Bermuda.
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NewsChaucer grows with new branch in Bermuda
James Holliss, Chaucer’s Head of US Property Treaty, has transferred to Bermuda to lead the operation, which will consider business on a primary, quota share and excess of loss basis.
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NewsRoyal Gazette: Bermuda must work as hard to retain its existing jobs, employees and companies
Thanks to new statistics, it is possible to better gauge just how damaging the Covid-19 lockdown was to the Bermuda economy and what the prospects for economic recovery are.
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People & OpinionHiscox appoints Kathleen Reardon as CEO of Hiscox Re & ILS
Hiscox Ltd (LSE:HSX), the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Kathleen will succeed Mike Krefta, who as we announced in August will be stepping down in early 2021. Most recently Chief Executive Officer ...
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NewsNew reinsurer Rosh Re to set up with $600m of capital
Michael Jacobs, chief executive officer of Rosh Capital Management LP, was quoted by risk transfer website Artemis.bm as saying: “I’m delighted to have the support and backing of Ajay and his team. We are ideally positioned to create exceptional shareholder value with modest risk and volatility while diligently managing risk ...
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NewsAM Best assigns preliminary credit assessment to Vantage Risk
AM Best has assigned a Preliminary Credit Assessment (PCA) to Vantage Risk Ltd. (Vantage) (Bermuda) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca. The outlook assigned to these PCAs is stable. The PCAs reflect Vantage’s balance sheet strength, which AM ...
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People & OpinionABIR members lead Bermuda economy
The Association of Bermuda Insurers and Reinsurers (ABIR) today released the results of its 15th annual ABIR Bermuda Economic Substance Survey, detailing significant contributions to the Bermuda economy and workforce.Highlights from the report, which tracks 2019 calendar-year data, include: ABIR members contributed over $830 million to the Bermuda economy, ...
