Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Catalina Completes Acquisition of American Safety Re
Oct 9 2013 // Catalina Holdings (Bermuda) Ltd. announced that it has completed its acquisition of American Safety Reinsurance, Ltd. (AS Re), from Fairfax Financial Holdings Limited, following approval from the Bermuda Monetary...
Industry Pioneer Catlin on Insurance and Environmental Concerns
Sep 27 2013 // Stephen J.O. Catlin has led the company/group that bears his name since 1984. He’s seen it grow into the biggest syndicate at Lloyd’s with gross premiums written of $5.5 billion. He was the first to move the...
Catlin Establishes ‘Global Reef Record’ Database for Coral Ecosystems
Sep 24 2013 // International specialty property/casualty insurer and reinsurer Bermuda-based Catlin Group Limited announced the establishment of the Catlin Global Reef Record Catlin has sponsored the group’s Seaview Survey for the...
Humberto Becomes Season’s First Hurricane; Gabrielle Spares Bermuda
Sep 11 2013 // Hurricane Humberto, the season’s first, churned in the Atlantic west of the Cape Verde Islands as Tropical Storm Gabrielle stalled after passing Bermuda. Humberto was declared a Category 1 storm in a 5 a.m. advisory...
Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers
Sep 11 2013 // Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to...
Bermuda Under Tropical Storm Warning for Gabrielle
Sep 10 2013 // Tropical Storm Gabrielle reformed in the Atlantic south of Bermuda, which can expect high winds, rough surf and rain later today, according to the U.S. National Hurricane Center. Gabrielle was 165 miles (265 kilometers)...
Catalina in Agreement with Fairfax for American Safety Acquisition
Aug 19 2013 // Catalina Holdings (Bermuda) Ltd., a consolidator in the non-life run-off sector, announced that it has signed a definitive agreement with Fairfax Financial Holdings Limited and Tower Group International, which confirms...
Aon Unveils Enhancements to Bermuda Shorts Form for Excess Liability
Aug 15 2013 // Aon Risk Solutions, the global risk management business of Aon plc, announced enhancements to Bermuda Shorts, which it described as “an excess liability follow form policy that answers the demand for greater contract...
Tower Group, Meadowbrook Delays on Filings Could Trigger Shareholder Actions
Aug 13 2013 // After two property/casualty insurers—Tower Group International Ltd. and Meadowbrook Insurance Group—said they would delay scheduled Securities and Exchange (SEC) filings last week, law firms set the wheels in motion...
Best Affirms Alterra Capital and Subs Ratings; Outlook Stable
Aug 9 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited and its affiliated operating companies, as well as...
Third Point Re Claims Eligibility for U.S. Jobs Act Disclosure Limits with No U.S. Staff
Aug 8 2013 // Billionaire hedge-fund manager Daniel Loeb’s Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial disclosure after a public offering because of rules promoting domestic job...
Willis Re Bermuda Names Harden as New CEO
Aug 6 2013 // Willis Group Holdings announced that Michael Harden, currently Chairman of Willis Re Australia, has been appointed CEO of Willis Re Bermuda, effective January 1, 2014 Harden described his new assignment as a “great...
Catlin Launches Next Seaview Survey for Caribbean, Bermuda Coral Reefs
Jul 31 2013 // Catlin Group Limited announced the launch of its next “Seaview Survey,” which it described as a “significant expansion of its study of coral reefs with a new campaign in the Caribbean and Bermuda.”...
Allied World Bermuda Launches Liability Coverage for ACOs
Jul 29 2013 // Allied World Bermuda has launched a new accountable care organization (ACOs) liability product for Bermuda-based clients. The product provides coverage for ACOs – newly emerging healthcare organizations characterized by...
RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market
Jul 26 2013 // RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States...
XL and Stone Point Form New Bermuda Company for ILS Market Products
Jul 26 2013 // XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital...
Best Affirms Everest Re Group and Affiliates Ratings; Outlook Stable
Jul 26 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Everest Reinsurance and its reinsurance and insurance...
Best Affirms Catlin Group and Subs Ratings; Outlook Stable
Jul 26 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL),...
O’Donohoe Succeeds Tobin as Torus Group CEO
Jul 9 2013 // Dermot O’Donohoe has been appointed group CEO of the Torus Group, the specialty insurer said. O’Donohoe succeeds Clive Tobin, who is retiring and stepping down as an officer and director following four years of...
Ironshore Names Horton VP at Iron-Starr Excess Agency in Bermuda
Jul 3 2013 // Ironshore Inc. has promoted Steven Horton vice president, Financial Lines Manager, within Iron-Starr Excess Agency Ltd., based in Bermuda. Horton joined Ironshore’s Pembroke Syndicate in London in 2008, where he...
