Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively
Sep 26 2018 // AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess...
Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy
Sep 20 2018 // Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey...
XL Catlin’s Duffy to Join AIG as Bermuda Manager
Sep 11 2018 // American International Group, Inc. announced that Catherine Duffy will join the company’s General Insurance business as Country Manager of Bermuda, at a date to be determined. In this role, Duffy will oversee...
Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best
Sep 7 2018 // Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are...
As Gordon Dumps Heavy Rains in the South, Florence Races Toward Bermuda
Sep 6 2018 // Tropical Depression Gordon moved north on Thursday, threatening central U.S. states with heavy rain, while Hurricane Florence churned toward Bermuda, packing maximum sustained winds of 115 miles per hour (185 kph),...
Update: Weakened Gordon Dumps Heavy Rains; Hurricane Florence Heads Toward Bermuda
Sep 5 2018 // Tues., Sept 6, 1:16 am— Tropical Depression Gordon was expected on Thursday to dump more heavy rains that could cause flooding in central U.S. states as Hurricane Florence, a monster Category 3 storm, churned toward...
Enstar to Acquire Maiden Reinsurance North America
Sep 4 2018 // An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net consideration payable in the transactions is $307.5 million, subject to certain closing...
Private Equity Firm Apollo to Buy Aspen Insurance for $2.6 Billion
Aug 28 2018 // Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance...
Run-Off Venture Targets Florida Auto Insurer Peachtree Casualty for First Acquisition
Aug 22 2018 // International insurance and reinsurance company DARAG and U.S.-based acquisition specialist SOBC have formed a joint venture with SOBC DARAG in Delaware to support DARAG’s expansion into the U.S. and...
What’s Ahead for Reinsurance Industry in 2018: Fitch
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
XL Catlin Names Smyth, Greavesas to Global Excess Casualty Posts
Jun 6 2018 // XL Catlin insurance operations named Donnacha Smyth as president and Carla Greavesas as chief underwriting officer of Global Excess Casualty. Smyth, who will be based in Dublin, will start his new role in September. He...
TigerRisk Creates Capital Markets Vehicle Panthera Re in Bermuda
May 24 2018 // TigerRisk Capital Markets & Advisory has formed a new Bermuda facility named Panthera Re to provide its insurance and reinsurance company clients with access to capital markets. With third-party capital from...
Munich Re Repurposes Bermuda Operation
May 14 2018 // Munch Reinsurance Co. has repurposed a Bermuda unit that was authorized for property/casualty business into a reinsurer for its U.S. life reinsurance business. The unit, Munich Re Bermuda, was formerly named Princeton...
Blockchain Innovators Follow Reinsurers to Bermuda ‘Sandbox’
May 7 2018 // It was the last day of the World Economic Forum in Davos and Wayne Caines, Bermuda’s minister of national security, was about to head home after an exhausting week. But before leaving, he told a group of blockchain...
Guy Carpenter Promotes Fletcher to Bermuda Chairman; Hires Aon’s Morris
May 1 2018 // Reinsurance specialist Guy Carpenter & Co. announced the promotion of John Fletcher to chairman of the firm’s Bermuda operations. The firm also appointed a former Aon Bermuda executive to its Bermuda team. In his...
Markel Revamps Excess Casualty Leadership Team
Apr 16 2018 // Markel Corp. has reorganized the leadership structure of its excess casualty team, the underwriting unit with teams in the U.S., Bermuda, Dublin and London. Matt Mullen and Colin Shaw, both managing directors, Casualty,...
Bermuda Monetary Authority Sees Increase in Re/Insurance Registrations in 2018
Apr 3 2018 // The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations. Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include...
Aon Benfield Bermuda Hires Carpenter’s Meyenhofer as CEO; Fox & Davies Promoted
Mar 22 2018 // Aon Benfield announced a new hire and expanded roles for its reinsurance team in Bermuda. Matthias Meyenhofer will join the firm on Sept. 1, in accordance with his existing contractual requirements, as chief executive...
Iron-Starr Excess Agency Increases Capacity for Property Risks
Mar 7 2018 // Iron-Starr Excess Agency Ltd. (Iron-Starr), an excess specialty insurance lines managing general underwriting agency operated by Ironshore, has expanded its relationship with Oil Casualty Insurance Ltd. (OCIL) to...
Aspen Ceases Underwriting Property Insurance from Bermuda Platform
Feb 16 2018 // Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move...
