Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
Best Affirms Amlin AG, Amlin plc, Lloyd’s Syndicate 2001 Ratings; Outlook Stable
Jan 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Ratings Roundup: Hiscox (U.S.), Bison, Nations
Dec 18 2012 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of Chicago-based Hiscox Insurance Company, Inc....
Best Upgrades Issuer Credit Rating of Hiscox Group Subsidiaries; Affirms FSR
Dec 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and upgraded the issuer credit rating (ICR) to “a+” from “a” of Hiscox...
Hiscox Appoints Keith for Bermuda Healthcare Team
Dec 14 2012 // Hiscox announced that “in response to growing opportunities in the US healthcare liability insurance market, Hiscox Bermuda’s healthcare team has appointed Justin Keith as Vice President –...
Montpelier Re Launches Blue Capital – Investors’ Asset Management Platform
Dec 5 2012 // Bermuda-based Montpelier Re Holdings Ltd announced the launch of Blue Capital, an asset management platform offering a range of catastrophe reinsurance-linked investment products to institutional and retail...
Best’s Report on Bermuda Re/Insurers Sees over 10% ROE for 2012
Dec 4 2012 // There are still several weeks until the end of the year, but forecasts are unlikely to change very much as far as Bermuda’s re/insurers are concerned. A new special report from A.M. Best indicates that “2012 is...
Bermuda Re/Insurance Org. Elects XL’s McGavick CEO, Currie, Catlin as Deputies
Dec 3 2012 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced the election of its new officers for a two year term beginning on January 1, 2013. Mike McGavick, CEO of XL Group pl, was elected as Chair of the ABIR...
Endurance Appoints Kuhn as CEO – Global Insurance
Nov 20 2012 // Bermuda-based Endurance Specialty Holdings Ltd announced that John (“Jack”) Kuhn will be joining the company next week as Chief Executive Officer, Global Insurance, responsible for Endurance’s U.S.,...
Best Affirms Torus Group Ratings; Outlook Stable
Nov 19 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent and the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. The...
Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable
Nov 16 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen...
Bermuda’s SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams
Nov 1 2012 // S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams. Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will...
OneBeacon Selling Runoff Business to Bermuda’s Armour Group
Oct 18 2012 // Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal...
Rafael, 9th Hurricane, Bypasses Bermuda; Tropical Storm Paul Weakens
Oct 17 2012 // Rafael became the season’s ninth hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s Wednesday, 5:00 AM...
Tropical Storm Rafael Batters Caribbean; Heads To Bermuda: AIR
Oct 14 2012 // As of Sunday afternoon, Tropical Storm Rafael was moving away from the Leeward Islands after battering the islands with strong winds and heavy rain. Rafael, the 17th named storm of the Atlantic hurricane season, has...
Gesick Joins AXIS Capital as Group Chief Actuary
Oct 3 2012 // Bermuda-based AXIS Capital Holdings Limited announced that Eric Gesick has joined the Company in the new position of Group Chief Actuary. He also joins the Executive Committee of AXIS Capital, and will lead the...
Best Affirms Colonial Group and Subs Ratings; Outlook Stable
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
ACE Appoints Ashley, Henderson, Cassidy to Bermuda Reinsurance Unit
Sep 21 2012 // ACE has announced three appointments in its ACE Tempest Re Bermuda reinsurance unit: Wayne Ashley as Chief Underwriting Officer, International; Graeme Henderson as Vice President, International; and Darin Cassidy as Vice...
Ratings Recap: Emirates, Sorford, BF&M, Unity Re
Sep 20 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Emirates Insurance Company P.S.C. (EIC), which is...
