Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan
Aug 2 2021 // BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory requirements are met, Adam Mullan will be appointed as executive director. BMS...
Former Aon Executive Mahoney Named Chairman of Oneglobal Bermuda
Jul 21 2021 // Oneglobal Broking has appointed former Aon executive Dennis Mahoney as chairman of Oneglobal Bermuda, with immediate effect. Following his retirement as chairman of Aon Global, Mahoney served on the board of Ironshore...
Lockton Re Launches Bermuda Office Led by Former Aon Executive Davies
Jun 16 2021 // Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda office Lockton Re (Bermuda) Ltd., which will be led by Jonathan (Jonty)...
People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division
Jun 9 2021 // This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these new hires follows here. Nicholas Garside Liberty Specialty Markets Bermuda (LSM...
Miller Appoints Ex-Aon Executive Simpson as Head of Bermuda
Mar 15 2021 // London-based broker Miller has appointed Charlie Simpson to lead its new platform in Bermuda. Simpson, who joins as head of Bermuda, will concentrate on growing the broker’s presence in the key re/insurance hub by...
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International
Mar 9 2021 // DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further...
Ascot Promotes Thompson to CEO, Bermuda, as Berger Retires
Feb 26 2021 // Ascot announced the promotion of Ian Thompson to chief executive officer, Bermuda. Thompson will assume leadership of Ascot’s multi-faceted business on the island, which includes specialty insurance, reinsurance and...
Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609
Feb 4 2021 // Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185...
Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...
AkinovA Granted Bermuda License to Operate as Electronic Insurance Marketplace
Jan 20 2021 // AkinovA (Bermuda) Ltd., the wholly owned Bermuda trading subsidiary of AkinovA Ltd., has been granted the first “Insurance Marketplace Provider” license by Bermuda’s financial services regulator. This new...
Hamilton Appoints AXA XL’s Scully as Head of Casualty Insurance in Bermuda
Jan 19 2021 // Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd. Scully will report to Tim Duffin, chief underwriting...
Canopius Re Receives License in Bermuda to Operate as Class 4 Reinsurer
Jan 13 2021 // Canopius announces its Bermuda-based reinsurance company Canopius Reinsurance Ltd. has been granted a Class 4 reinsurer license by the Bermuda Monetary Authority. The reclassification will significantly extend Canopius...
Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair
Jan 7 2021 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry...
W. R. Berkley Corp. Launches Special Purpose Reinsurer in Bermuda
Dec 28 2020 // W. R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalized with more than $250 million of...
ILS Capital’s Prospero Re Gets Bermuda Regulator Nod to Write Traditional Reinsurance
Dec 3 2020 // Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received Bermuda Monetary Authority (BMA) approval of its amended business plan, allowing it to...
Update: Bermuda-Based Reinsurer Conduit Holdings’ Stock Rises After $1.1B London IPO
Dec 2 2020 // Conduit Holdings Ltd. rose as the Bermuda-based reinsurer started trading in London after an 826 million-pound ($1.1 billion) initial public offering. The stock climbed as much as 7% to 534.9 pence from the offering price...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Hamilton Launches New Bermuda Special Purpose Insurer Called ‘Ada Re’
Nov 23 2020 // Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer. Ada Re has...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
HSCM Bermuda Takes Majority Stake in Florida Insurer Southern Fidelity After Merger
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
