Bermuda News

Hiscox Strengthens UK Motor Offering with Purchase of RH Specialist Insurance

Bermuda-based specialist insurer Hiscox announced it has reached an agreement with Willis to acquire its specialist UK classic car business, RH Specialist Insurance. This acquisition complements Hiscox’s existing expertise in the motor market, having offered specialist and classic car insurance …

Amlin Appoints Few as Global Managing Director of Reinsurance

London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval. He will be supported by Christian Bieri, who continues to lead Amlin’s reinsurance business in the EMEA region, as …

Hiscox Appoints Worth as Interim CFO

Bermuda-based Hiscox announced that John Worth will join the company on June 22, and, subject to regulatory approval, will be appointed interim chief financial officer with effect from September 1, 2015. Worth’s appointment is designed to provide continuity in oversight …

International General Insurance Appoints Curtis as CFO in UK

International General Insurance Holdings (IGIH) appoints Simon Curtis as chief financial officer at its IGI UK business in London as part of moves to grow the UK operation. Curtis has more than 20 years’ experience in accountancy and insurance, most …

AXIS Capital Not Engaged in Buyout Talks with Arch – Sources

AXIS Capital Holdings Ltd. has not communicated with any potential acquirer, including Arch Capital Ltd., since it engaged in merger talks with competitor PartnerRe Ltd last fall, people familiar with the matter said on Thursday. The Financial Times wrote on …

AXIS Share Price Climbs on Speculation It Is Potential Takeover Target

AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over by another company. EXOR SpA, the …

Third Point Re CEO: Reinsurance Not as Easy to Enter as Some People Think

Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, said the company is positioned to withstand competition from other investment firms because the industry isn’t as easy to enter as some people think. Fund managers “have a lot of …

Aspen Re Appoints De Couto as Head of Portfolio Analytics

Aspen Re has appointed Douglas De Couto as head of portfolio analytics. De Couto will be joining Aspen Re from RenaissanceRe where until recently he was assistant vice president, corporate risk, a role in which he led a team responsible …

Update: Bermuda Court Rules in Favor of PartnerRe; EXOR Responds

The Supreme Court of Bermuda has denied EXOR’s request to obtain shareholder information from PartnerRe, the reinsurer that is seeking to merge with AXIS Capital Holdings and avoid a hostile takeover from EXOR SpA. “EXOR’s application has been denied and …

EXOR Files Suit to Get PartnerRe’s Shareholder List; Takeover Battle Heats Up

EXOR, the Turin, Italy-based investment company and a suitor in the ongoing takeover battle of PartnerRe, filed a lawsuit on June 1 in the Supreme Court of Bermuda, seeking to obtain PartnerRe’s list of shareholders in order to make sure …