Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Bermuda-Based Mt. Logan Re Appoints Burke as Chief Financial Officer
Feb 23 2016 // Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016. Burke has 15 years of experience in senior finance roles in the reinsurance industry and...
Everest Appoints Downey as Deputy Chief Underwriting Officer
Feb 22 2016 // Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer. Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and...
Bermuda’s Validus Reports 2015 Net Income of $374.9M, vs. $480M in 2014
Jan 29 2016 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended Dec. 31, 2015, compared to $125.9 million, or $1.38 per diluted...
Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations
Jan 19 2016 // Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6,...
Paulson’s PaCRe Shuts Down After Investment Slump, Bermuda Tax Uncertainties
Jan 13 2016 // Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson’s venture, a reinsurer named PaCRe Ltd., has...
Brit Ltd. Renews and Expands its Bermuda Special Purpose Insurer, Versutus
Jan 13 2016 // Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for...
Aspen Bermuda Limited Applies for Reinsurer Status in North Dakota
Dec 30 2015 // The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota. All interested parties are invited to submit written comments in connection with this...
Best Reports Bermuda Inching Toward Solvency II Equivalence
Dec 22 2015 // A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory...
Wharton Joins Argo Group to Head Bermuda Professional Lines Operations
Dec 17 2015 // Argo Group International Holdings, Ltd. announced that William M. Wharton has been appointed to serve as head of professional lines operations in Bermuda. He has experience in Asia and Europe, in addition to Bermuda and...
Willis Strengthens Bermuda Team with Warren, Fisher Appointments
Dec 16 2015 // Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations. Nick Warren has been appointed Managing Director for...
Best Affirms Hiscox Insurance and Subs Ratings
Dec 11 2015 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance...
Guinn and Luck Elected to Allied World Board of Directors
Dec 10 2015 // Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the...
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar
Dec 4 2015 // UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected...
Kimberley Appointed Chief Underwriting Officer of Ascot Underwriting (Bermuda)
Dec 2 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Simon Kimberley as chief underwriting officer of Ascot Underwriting (Bermuda) Ltd. Kimberley transferred to AUB in 2014 as underwriter...
RenaissanceRe Syndicate Mgmt. Names Brennan as CEO, Murphy as Chairman
Nov 20 2015 // RenaissanceRe Holdings Ltd. announced that Hugh Brennan, currently finance director at RenaissanceRe Syndicate Management Ltd., will become RSM’s chief executive officer, effective for 2016. Brennan joined...
A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries
Nov 19 2015 // A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen...
Tokio Solution Appoints Lane and Harigai as Co-CEOs
Nov 13 2015 // Bermuda-based Tokio Solution Management Ltd.* has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016. Lane and Harigai will assume the leadership of Tokio Solution from current CEO,...
Kate Becomes 4th Atlantic Hurricane of 2015
Nov 11 2015 // Hurricane Kate became the fourth Atlantic hurricane of 2015 early Wednesday morning, passing well north of Bermuda, according to a report from Weather Underground. “Kate is racing northeast, caught up in the jet...
Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs
Nov 2 2015 // Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of...
ABIR Head Lauds Brazil Decision to Phase out Local Reinsurance Mandates
Oct 22 2015 // In a speech delivered before the Brazilian Center for International Relations (CEBRI), Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), praised the Brazilian...
