Latest Bermuda Headlines
All the headlines from our Bermuda Topic Page, ordered by recency.
Bermuda Gains Reciprocal Status With U.S. Starting in 2020
Dec 16 2019 // Bermuda’s insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal status will make...
Guy Carpenter Appoints Bermuda Execs, Including Johnston, Komposch from Aon
Nov 12 2019 // Guy Carpenter announced the appointment of Robert Johnston as chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as head of Casualty and Specialty, Bermuda, with immediate effect. Johnston has nearly...
Aon’s Turner Appointed Chairman of Ed Bermuda
Nov 7 2019 // Ed, the reinsurance, wholesale and specialty broker, announced it has appointed John Turner as chairman of Ed Bermuda. In this newly created role, Turner will “provide hands-on support to realize the potential of the...
Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda
Nov 1 2019 // Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess...
Artex Acquires Bermuda-Based ILS Specialist Horseshoe Insurance Services Holdings
Oct 4 2019 // Artex Risk Solutions, the captive and alternative risk management solutions subsidiary of Arthur J. Gallagher & Co., announced it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., which will...
Tropical Storm Jerry Takes Aim at Bermuda, Just Days After Humberto’s Battering
Sep 25 2019 // Bermudians secured homes and businesses on Tuesday as they prepared for the arrival of Tropical Storm Jerry just a few days after Hurricane Humberto battered the archipelago and briefly knocked out power for most...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty
Sep 20 2019 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The...
Hurricane Humberto Grazes Bermuda, Causing Little Damage
Sep 20 2019 // Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting...
Hurricane Humberto Knocks Out Power Lines, Plunging Bermuda into Darkness
Sep 19 2019 // Hurricane Humberto knocked out power lines in Bermuda on Wednesday night, plunging nearly the whole Atlantic archipelago into darkness, as the storm whipped the British territory with powerful winds and heavy rain. Even as...
Humberto Becomes Major Hurricane but Bermuda Could Be Spared Direct Hit
Sep 18 2019 // Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane...
Humberto Strengthens into 3rd Atlantic Hurricane of 2019, Heading to Bermuda
Sep 16 2019 // Tropical storm Humberto has now intensified into the third Atlantic hurricane of 2019 with top sustained winds of 75 mph, according to weather.com meteorologists in a report issued on Sept. 15. The majority of the showers,...
Liberty Specialty Markets Promotes Montoya to President of U.S., Bermuda and LatAm
Sep 12 2019 // Liberty Specialty Markets (LSM) announced the appointment of Alexander Montoya as president of U.S., Bermuda and LatAm, effective immediately. LSM also announced Wilhelm Schaugg has joined Montoya’s team. Wilhelm...
Markel Launches Bermuda Retrocessional ILS Platform, Lodgepine Capital Management
Sep 12 2019 // Markel Corp. announced the launch of Lodgepine Capital Management Ltd., its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine’s...
Liberty Specialty Markets Promotes Garside to Head of Bermuda Property
Aug 28 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda Property. Reporting to Steve Horton, president, Liberty Specialty Markets Bermuda,...
JLT’s Adams Joins Everest Insurance to Lead Its Bermuda Operation
Aug 20 2019 // Everest Insurance said Kyle Adams has joined to lead the its Bermuda operations. In this role, Adams will focus on establishing and growing Everest’s Bermuda Insurance operations. Adams comes to Everest with 20 years...
Sompo Global Risk, VGM Insurance to Offer Golf Course, Country Club Coverage
Jul 30 2019 // Bermuda-based specialty insurance provider Sompo International Holdings Ltd. subsidiary Sompo Global Risk Solutions (GRS) has entered into a strategic partnership with VGM Insurance & Financial Solutions (VGM) to offer...
Argo Group Warns Q2 Earnings Will Take a Hit
Jul 29 2019 // Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play include: Prior year losses of...
AXA XL Appoints 3 Senior Executives to London Reinsurance Team
Jul 29 2019 // AXA XL announced three senior appointments to its London Reinsurance team, with the promotion of Megan Kempe, coupled with the additions of Nick Pascall and Conor Gaffney. Kempe has been promoted to head of US Property...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform
Jul 26 2019 // Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time it announced it is launching a new retrocessional ILS fund platform, which will be ready to...
Catalina Holdings Appoints Ryland from Armour as Chief Executive of Catalina UK
Jul 19 2019 // Legacy acquisition firm Catalina Holdings (Bermuda) Ltd. announced the appointment of Steve Ryland as chief executive of Catalina UK. With over 30 years of insurance and reinsurance experience, Ryland joins the business...
