Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Captive Manager Marsh IAS Promotes 2 Senior Leaders in Bermuda
Apr 28 2016 // 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...
Carpenter Promotes Stubbings as CEO of Bermuda Unit; Keegan Named Sr. VP
Apr 25 2016 // 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...
White Mountains Closes $2.6B Sale of Sirius to China Minsheng Investment
Apr 19 2016 // White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal was first announced.Out of that...
Plenum Launches Diversified ILS Fund, Partnering with Bermuda’s Sequant Re
Apr 11 2016 // Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant...
Antares Lloyd’s Syndicate Partners with Iron-Starr, Ironshore’s Bermuda MGA
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites...
Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability
Mar 30 2016 // Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries. All regulatory approvals have been received and the deal...
Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer
Mar 24 2016 // Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration. He assumes this role from Richard Brindle who held it...
Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations
Mar 22 2016 // Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance management operations (KIM). This acquisition is expected to close on or about March...
Chubb Names Leadership Team for Insurance Operations in Bermuda
Mar 18 2016 // Chubb Ltd. has named the leadership team for its insurance operations in Bermuda, effective immediately. On Jan. 14, 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the...
Chubb Announces Retirement of Fletcher, Chairman of Bermuda Insurance Unit
Mar 14 2016 // Chubb announced that Rees Fletcher, chairman of its Bermuda-based insurance operations, will retire on March 31 2016, bringing to a close a distinguished 27-year career with the company. ACE completed its acquisition of...
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break
Mar 3 2016 // Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route...
XL Group Proposes Moving Domicile to Bermuda from Ireland
Feb 29 2016 // XL Group plc announced a proposal to change its parent holding company’s place of incorporation to Bermuda from Ireland. “Establishing our corporate home in Bermuda is a natural step for XL. XL has had a...
Hamilton Re Hires Davis to Lead Entry into Property Direct & Facultative
Feb 29 2016 // Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda. Davis will be instrumental...
Bermuda-Based Mt. Logan Re Appoints Burke as Chief Financial Officer
Feb 23 2016 // Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016. Burke has 15 years of experience in senior finance roles in the reinsurance industry and...
Everest Appoints Downey as Deputy Chief Underwriting Officer
Feb 22 2016 // Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer. Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and...
Bermuda’s Validus Reports 2015 Net Income of $374.9M, vs. $480M in 2014
Jan 29 2016 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended Dec. 31, 2015, compared to $125.9 million, or $1.38 per diluted...
Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations
Jan 19 2016 // Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6,...
Paulson’s PaCRe Shuts Down After Investment Slump, Bermuda Tax Uncertainties
Jan 13 2016 // Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson’s venture, a reinsurer named PaCRe Ltd., has...
Brit Ltd. Renews and Expands its Bermuda Special Purpose Insurer, Versutus
Jan 13 2016 // Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for...
Aspen Bermuda Limited Applies for Reinsurer Status in North Dakota
Dec 30 2015 // The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota. All interested parties are invited to submit written comments in connection with this...
