The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …
Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected, like other nations, by …
A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as “under review with negative implications.” A year after initially taking action, the ratings agency has affirmed the financial strength ratings of “A” (Excellent) …
XL Group plc announced that its ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland, which is expected to be completed in the third …
The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S. markets. Located at 29 Victoria Street, Hamilton, the …
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard & Poor’s. However, that picture is slightly …
Bermuda-based Aspen Insurance Holdings Ltd. has appointed new leaders for its insurance and reinsurance segments, in response to the announced retirement of CEO Mario Vitale. Stephen Postlewhite, previously chief executive officer of Aspen Reinsurance, has been appointed chief executive officer, …
Marsh IAS has appointed Jill Husbands as chairman of Marsh IAS Bermuda and Lawrence Bird as head of office in Bermuda. Husbands succeeds David Ezekiel who retired on Dec. 31, 2015. Husbands will focus on strategic growth initiatives and key …
Guy Carpenter & Co. has promoted Peter Stubbings as CEO of the firm’s Bermuda operations, with immediate effect. In addition, Richard Keegan will join the Bermuda team as senior vice president in May. Previously chairman of the Bermuda office, in …
Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015. Operating income after tax for …
