Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
Dubai’s IGI Bermuda to Begin Writing E&S in U.S.
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams
Feb 28 2020 // TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and...
AXIS Chairman, Co-Founder Butt to Retire; Smith Named Chairman-Elect
Feb 27 2020 // AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a...
IGI Gets Regulatory Nod from Bermuda After Merger with Tiberius Acquisition
Jan 31 2020 // International General Insurance Holdings Ltd. (IGI) announced it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius...
U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners
Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year...
Ed Broking Appoints Kelley from Sompo Int’l as Head of Bermuda Liability Division
Jan 15 2020 // Ed, the global reinsurance, wholesale and specialty broker, announces the appointment of Colin Kelley as head of Ed’s new Liability Division in Bermuda. Effective immediately, Kelley will lead the professional lines,...
Ed Bermuda Taps Simons from Marsh as Head of Business Development
Dec 17 2019 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Mark Simons as head of Business Development and Production, Bermuda. Simons, who joins in January 2020, will focus on...
Bermuda Gains Reciprocal Status With U.S. Starting in 2020
Dec 16 2019 // Bermuda’s insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal status will make...
Guy Carpenter Appoints Bermuda Execs, Including Johnston, Komposch from Aon
Nov 12 2019 // Guy Carpenter announced the appointment of Robert Johnston as chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as head of Casualty and Specialty, Bermuda, with immediate effect. Johnston has nearly...
Aon’s Turner Appointed Chairman of Ed Bermuda
Nov 7 2019 // Ed, the reinsurance, wholesale and specialty broker, announced it has appointed John Turner as chairman of Ed Bermuda. In this newly created role, Turner will “provide hands-on support to realize the potential of the...
Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda
Nov 1 2019 // Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess...
Artex Acquires Bermuda-Based ILS Specialist Horseshoe Insurance Services Holdings
Oct 4 2019 // Artex Risk Solutions, the captive and alternative risk management solutions subsidiary of Arthur J. Gallagher & Co., announced it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., which will...
Tropical Storm Jerry Takes Aim at Bermuda, Just Days After Humberto’s Battering
Sep 25 2019 // Bermudians secured homes and businesses on Tuesday as they prepared for the arrival of Tropical Storm Jerry just a few days after Hurricane Humberto battered the archipelago and briefly knocked out power for most...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty
Sep 20 2019 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The...
Hurricane Humberto Grazes Bermuda, Causing Little Damage
Sep 20 2019 // Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting...
Hurricane Humberto Knocks Out Power Lines, Plunging Bermuda into Darkness
Sep 19 2019 // Hurricane Humberto knocked out power lines in Bermuda on Wednesday night, plunging nearly the whole Atlantic archipelago into darkness, as the storm whipped the British territory with powerful winds and heavy rain. Even as...
Humberto Becomes Major Hurricane but Bermuda Could Be Spared Direct Hit
Sep 18 2019 // Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane...
Humberto Strengthens into 3rd Atlantic Hurricane of 2019, Heading to Bermuda
Sep 16 2019 // Tropical storm Humberto has now intensified into the third Atlantic hurricane of 2019 with top sustained winds of 75 mph, according to weather.com meteorologists in a report issued on Sept. 15. The majority of the showers,...
Liberty Specialty Markets Promotes Montoya to President of U.S., Bermuda and LatAm
Sep 12 2019 // Liberty Specialty Markets (LSM) announced the appointment of Alexander Montoya as president of U.S., Bermuda and LatAm, effective immediately. LSM also announced Wilhelm Schaugg has joined Montoya’s team. Wilhelm...
