Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Castlelake Launches Bermuda Reinsurer, Itasca Re, for Aircraft Assets
Jan 19 2023 // U.S.-based alternative investment manager Castlelake, L.P. announced the creation of a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance financing to buyers and owners of commercial aircraft...
People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland
Dec 22 2022 // This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re. A summary of these new hires follows here. Sompo Int’l Taps Berkshire’s Crozier for...
People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt
Dec 1 2022 // This edition of International People Moves details appointments at Convex Re Bermuda and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Convex Group Ltd., the London-based...
People Moves: Amwins Global Risks Promotes Cody to MD; Markel Bermuda Names Cardoso Head of Office; BMS Re Taps QBE Re’s Larson for Casualty Broking
Nov 22 2022 // This edition of International People Moves details appointments at Amwins Global Risks, Markel Bermuda and BMS Re. A summary of these new hires follows here. Amwins Global Risks Promotes Cody to Managing Director Amwins...
Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder
Nov 15 2022 // Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write...
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Nov 1 2022 // This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines...
People Moves: Canopius Hires Liberty Mutual’s Johnson as CUO U.S., Bermuda; AXA XL Promotes McKinley to Casualty Leader for N. America Construction
Oct 17 2022 // Canopius Hires Liberty Mutual’s Johnson as CUO U.S. and Bermuda Canopius Group, a global specialty re/insurer, announced it has hired Coleman V. Johnson as its chief underwriting officer US and Bermuda. Johnson joins...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
Sep 30 2022 // This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance...
EU to Add Bahamas to Its Tax Haven Blacklist, While Bermuda Is Removed
Sep 27 2022 // The European Union is set to add the Bahamas to its blacklist of governments its considers uncooperative in tax matters because it says the archipelago continues to facilitate the operation of offshore firms for purposes...
Update: Fiona Becomes Strongest 2022 Atlantic Hurricane, Threatening Bermuda, Canada
Sep 21 2022 // Hurricane Fiona has intensified to become this year’s strongest Atlantic storm as it moves north to threaten Bermuda and eastern Canada later this week. Fiona’s top winds remain at 130 miles (209 kilometers)...
People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty
Sep 12 2022 // This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires follows here. Everest Re Taps Nationwide’s Rudow as Global Head of Cyber...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Mosaic Expands Summer Intern Program for Students in Bermuda, New York, London
Jun 29 2022 // Mosaic Insurance has welcomed its second year of summer interns, expanding the program to include students at its Bermuda, New York, and London offices. Skyler Powell, 20, is working as a Communications, Marketing &...
People Moves: Miller Names Markel’s Duda for ILS in Bermuda; Howden LatAm Hires Hernandez as Regional General Counsel; Aon Appoints Parsons for UK Capital Advisory
Jun 16 2022 // This edition of International People Moves details appointments at three insurance brokers: Miller, Howden and Aon. A summary of these new hires follows here. Miller Names Markel’s Duda as Head of ILS in Bermuda John...
First Named Storm of 2022 Brings Minor Flooding to Miami Area. Bermuda Next
Jun 6 2022 // Tropical Storm Alex, the first named storm of what’s predicted to be a busy 2022 Atlantic season, caused minor flooding in parts of South Florida before it strengthened a bit and aimed for Bermuda. The storm that...
Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case
Mar 30 2022 // A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from Credit Suisse’s local life insurance arm...
Mosaic Creates Cyber Underwriting Hub in Bermuda
Mar 18 2022 // Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk. The specialty insurer has transferred its cyber team underwriter George Cole...
Bermuda Suspends Permits for Russian Planes
Mar 16 2022 // Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to international sanctions over the war in Ukraine, in a move...
Argo Group Completes Sale of Brazilian Business to Spice Private Equity
Feb 16 2022 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of...
