Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Bermuda Insurers Collaborate on Healthcare Offerings
Oct 26 2010 // The Bermuda insurance market has launched two new products for the healthcare market: the Bermuda Market Follow Form Healthcare Insurance Policy and the Bermuda Market Reinsurance Agreement. Select Insurance brokers and...
Catlin Re Switzerland Expands Underwriting Staff
Oct 22 2010 // Catlin Re Switzerland, the European reinsurance company currently being formed by Catlin Group Limited, headquartered in Zurich, has announced two additions to its underwriting staff. Christophe Chandler, currently a Class...
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
ACE Appoints Froud Chief Admin. Officer – Bermuda; Samson to Retire
Oct 19 2010 // The ACE Group of insurance and reinsurance companies announced that Samantha Froud, Group Financial Controller, has been named Chief Administration Officer for the company’s Bermuda-based operations. She joined ACE...
Speculation on XL: Bermuda Ties May Attract Suitors
Oct 4 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...
Syndicates – The Heart of the Market
Oct 4 2010 // Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their...
Hurricane Igor Heads North After Battering Bermuda
Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...
Hurricane Igor Threatens Bermuda
Sep 16 2010 // Hurricane Igor continues to be a dangerous category four storm, the second most powerful category in the five category Saffir-Simpson scale, and is now predicted to possibly hit Bermuda. Officials in Bermuda reportedly...
XL Looks Cheap; Bermuda Ties May Attract Offers
Sep 15 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...
Best Affirms Alterra’s ‘A’ Ratings
Sep 9 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the operating company, Alterra Bermuda Limited (formerly Alterra Insurance...
S&P Examines Reinsurers Reconsideration of Domicile Decisions
Sep 9 2010 // Global reinsurance companies are reconsidering their choices of corporate domicile, according to a new report from Standard & Poor’s Ratings Services, titled “Choosing A Domicile Remains A Hot Topic For...
Fiona Fades, Gaston May Grow
Sep 2 2010 // Tropical Storm Fiona is located about 610 miles, 980 kms south of Bermuda, according to the National Hurricane Center’s 8:00 a.m. AST bulletin. The storm is moving toward the northwest near 17 mph, 28 km/hr. The NHC...
Endurance Appoints Falcon as Head of Reinsurance for Latin America
Aug 30 2010 // Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He...
Hurricane Danielle Headed East of Bermuda
Aug 26 2010 // The U.S. National Hurricane Center is reporting that Hurricane Danielle is still a category two hurricane, with sustained winds of 105 miles per hour, and that it is expected to strengthen somewhat in the next 24 hours. As...
Beecher Carlson Appoints Mehta Bermuda Executive Managing Director
Aug 24 2010 // Insurance brokerage and risk management consulting firm Beecher Carlson has appointed Robin Mehta as Executive Managing Director. He joins Beecher Carlson to lead the Bermuda office operations, including its Captive...
Colin Weakens to Tropical Storm West of Bermuda
Aug 9 2010 // Tropical Storm Colin weakened to a tropical depression in the Atlantic Ocean Sunday as it passed west of Bermuda, the National Hurricane Center (NHC) said, adding the system could dissipate later in the day. Colin became...
Tropical Storm Colin Reforms, Heads for Bermuda
Aug 6 2010 // Tropical Storm Colin reformed over the Atlantic Ocean Thursday and was moving northwest on a path that could take it close to Bermuda, where authorities issued a tropical storm warning, the U.S. National Hurricane Center...
Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
Aon Expands Captive Consulting Capabilities in Bermuda
Jun 29 2010 // Aon Global Risk Consulting, the provider of risk advisory services of Aon Corp, announced the launch of Aon Global Risk Consulting Bermuda, as part of Aon Insurance Managers (Bermuda) Ltd. Aon noted that it has operated in...
Catlin to Establish Swiss Reinsurer
Jun 29 2010 // The Bermuda-based Catlin Group Limited has announced that it intends to form a reinsurance company in Switzerland to “significantly expand the European-based reinsurance business underwritten by the...
