Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Best Reports Bermuda Inching Toward Solvency II Equivalence
Dec 22 2015 // A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory...
Wharton Joins Argo Group to Head Bermuda Professional Lines Operations
Dec 17 2015 // Argo Group International Holdings, Ltd. announced that William M. Wharton has been appointed to serve as head of professional lines operations in Bermuda. He has experience in Asia and Europe, in addition to Bermuda and...
Willis Strengthens Bermuda Team with Warren, Fisher Appointments
Dec 16 2015 // Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations. Nick Warren has been appointed Managing Director for...
Best Affirms Hiscox Insurance and Subs Ratings
Dec 11 2015 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance...
Guinn and Luck Elected to Allied World Board of Directors
Dec 10 2015 // Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the...
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar
Dec 4 2015 // UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected...
Kimberley Appointed Chief Underwriting Officer of Ascot Underwriting (Bermuda)
Dec 2 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Simon Kimberley as chief underwriting officer of Ascot Underwriting (Bermuda) Ltd. Kimberley transferred to AUB in 2014 as underwriter...
RenaissanceRe Syndicate Mgmt. Names Brennan as CEO, Murphy as Chairman
Nov 20 2015 // RenaissanceRe Holdings Ltd. announced that Hugh Brennan, currently finance director at RenaissanceRe Syndicate Management Ltd., will become RSM’s chief executive officer, effective for 2016. Brennan joined...
A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries
Nov 19 2015 // A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen...
Tokio Solution Appoints Lane and Harigai as Co-CEOs
Nov 13 2015 // Bermuda-based Tokio Solution Management Ltd.* has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016. Lane and Harigai will assume the leadership of Tokio Solution from current CEO,...
Kate Becomes 4th Atlantic Hurricane of 2015
Nov 11 2015 // Hurricane Kate became the fourth Atlantic hurricane of 2015 early Wednesday morning, passing well north of Bermuda, according to a report from Weather Underground. “Kate is racing northeast, caught up in the jet...
Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs
Nov 2 2015 // Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of...
ABIR Head Lauds Brazil Decision to Phase out Local Reinsurance Mandates
Oct 22 2015 // In a speech delivered before the Brazilian Center for International Relations (CEBRI), Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), praised the Brazilian...
Willis Capital Market Report Finds Decline in ILS Issues as Growth Stabilizes
Oct 21 2015 // According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three...
Ironshore Named Oracle Team USA’s Insurer for 2017 America’s Cup
Oct 15 2015 // Bermuda-based Ironshore Inc. has been named Official Insurer for Oracle Team USA for the 35th America’s Cup. The announcement said the company will “provide comprehensive insurance coverage for the team, from...
XL Catlin Bermuda Creates New Prof. Lines D&O Excess Side A ‘DIC’ Policy
Oct 15 2015 // XL Catlin’s Professional Lines Insurance Operations in Bermuda announced the launch of a new Directors & Officers lead excess ‘Side A’ Difference In Conditions (DIC) policy, “to address various...
Hiscox’s ILS Unit, Kiskadee, and Hiscox Re Announce 3 Senior Appointments
Oct 15 2015 // Bermuda-headquartered Hiscox Re’s insurance linked securities (ILS) operation, Kiskadee Investment Managers, announced that Andrew Hughes will assume the role of ILS chief compliance officer and general counsel,...
PartnerRe Files Definitive Proxy to Seal Acquisition by EXOR
Sep 29 2015 // Bermuda-based PartnerRe Ltd. announced that a Special General Meeting of shareholders will take place on Thursday, November 19, 2015 to vote on the previously announced merger agreement between PartnerRe and EXOR, and all...
Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re
Sep 29 2015 // Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of...
Duperreault’s Hamilton Seeking Takeovers as IPO Likely
Sep 25 2015 // Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job...
