Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Endurance Appoints Kuhn as CEO – Global Insurance
Nov 20 2012 // Bermuda-based Endurance Specialty Holdings Ltd announced that John (“Jack”) Kuhn will be joining the company next week as Chief Executive Officer, Global Insurance, responsible for Endurance’s U.S.,...
Best Affirms Torus Group Ratings; Outlook Stable
Nov 19 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent and the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. The...
Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable
Nov 16 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen...
Bermuda’s SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams
Nov 1 2012 // S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams. Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will...
OneBeacon Selling Runoff Business to Bermuda’s Armour Group
Oct 18 2012 // Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal...
Rafael, 9th Hurricane, Bypasses Bermuda; Tropical Storm Paul Weakens
Oct 17 2012 // Rafael became the season’s ninth hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s Wednesday, 5:00 AM...
Tropical Storm Rafael Batters Caribbean; Heads To Bermuda: AIR
Oct 14 2012 // As of Sunday afternoon, Tropical Storm Rafael was moving away from the Leeward Islands after battering the islands with strong winds and heavy rain. Rafael, the 17th named storm of the Atlantic hurricane season, has...
Gesick Joins AXIS Capital as Group Chief Actuary
Oct 3 2012 // Bermuda-based AXIS Capital Holdings Limited announced that Eric Gesick has joined the Company in the new position of Group Chief Actuary. He also joins the Executive Committee of AXIS Capital, and will lead the...
Best Affirms Colonial Group and Subs Ratings; Outlook Stable
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
ACE Appoints Ashley, Henderson, Cassidy to Bermuda Reinsurance Unit
Sep 21 2012 // ACE has announced three appointments in its ACE Tempest Re Bermuda reinsurance unit: Wayne Ashley as Chief Underwriting Officer, International; Graeme Henderson as Vice President, International; and Darin Cassidy as Vice...
Ratings Recap: Emirates, Sorford, BF&M, Unity Re
Sep 20 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Emirates Insurance Company P.S.C. (EIC), which is...
Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable
Sep 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company...
Q&A with Florida’s Citizens CEO Gilway: Leading in the Public Sector
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Tropical Storm Leslie Brushes Bermuda, Heads Northeast to Newfoundland
Sep 10 2012 // The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9. Leslie is currently accelerating...
Hurricane Leslie Moving Slowly Towards Bermuda; Michael is 1st Cat 3 Storm
Sep 6 2012 // Leslie has become a category one hurricane on the Saffir-Simpson scale with maximum sustained winds of 75 mph, 120 km/h. A gradual strengthening is forecast over the next 48 hours. The latest bulletin, posted at 5:00 a.m....
Best’s Global Reinsurance Market Review Analyzes Top 50, Capital, Ratings
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
Hurricane Kirk in Mid-Atlantic; TS Leslie May Hit Bermuda: NHC Reports
Aug 31 2012 // Two tropical cyclones – Hurricane Kirk and Tropical Storm Leslie – are currently active in the middle of the Atlantic Ocean. The National Hurricane Center in Miami is tracking both of them, as well as the remnants of...
Montpelier Re Names Downey Global Casualty, Specialty Treaty Head
Aug 29 2012 // Montpelier Reinsurance Ltd., the Bermuda-based subsidiary of Montpelier Re Holdings Ltd., announced that it has named Christopher Downey as Head of Global Casualty and Specialty Treaty Reinsurance, effective...
Orlich Joins American Safety Reinsurance Bermuda
Aug 27 2012 // Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. (ASRe) as a Casualty Underwriter to assist in the expansion of the reinsurer’s casualty portfolio. He has over 15 years of experience in the...
