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Bermuda

Latest insight from the international reinsurance club

 

Everest CEO pledges ‘aggressive action’ on US casualty after $1.7bn reserve charge

Williamson brands US casualty insurance performance ‘unacceptable’ as carrier undertakes account-by-account remediation programme

Bermuda Casualty

Everest discloses $1.7bn reserve strengthening

Bermuda-based carrier ‘fortifies’ US casualty reserves following actuarial review

Bermuda Casualty

Everest names Williamson as permanent CEO

Bermuda-based group confirms Jim Williamson as successor to Juan Andrade

Bermuda Everest Re

Everest names Williamson acting CEO as Andrade departs

Bermuda-based group promotes chief operating officer as Andrade exits for USAA

Bermuda Everest Re

Axis strikes $2.3bn legacy deal with Enstar

Loss portfolio transfer deal is primarily attributable to casualty business written during pre-2022 underwriting years

Bermuda Legacy

BMA proposes changes to re/insurance group oversight

Bermuda regulator wants direct power over holding companies

Bermuda Reinsurance

Argus and BF&M move closer to merger

Bermuda-based carriers complete share purchase deals

Bermuda Mergers and Acquisitions

Abir elects Aspen's Cloutier as chairman

Aspen chief executive succeeds Hamilton Group’s Pina Albo at Bermuda trade association

Bermuda People moves

Karmilowicz resigns as Everest’s chairman of global insurance

Michael Karmilowicz has been with the Bermuda-based business for nearly 10 years in a range of senior roles

Bermuda Specialty

Everest launches insurance business in Italy

The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets

Europe Casualty

Hamilton Re launches credit, bond and political risk reinsurance operation

The new operation will be led by Sergio Lottimore who joins from Validus Re

Bermuda Specialty

Aspen profit falls 41% in third quarter

Bermuda carrier’s quarterly combined ratio climbs 2.5 points to 95.2%

Bermuda Specialty

Results round-up: Fidelis and Maiden

Latest results from across the market

Bermuda Specialty

James River strikes $75m ADC with Enstar

Bermuda-based carrier takes further steps to protect US casualty book from adverse development as it swings to third-quarter loss

Bermuda Casualty

SiriusPoint shuffles chief underwriting office

Shapella promoted to chief underwriting officer as Govrin to focus on reinsurance 

Bermuda SiriusPoint

Catastrophe losses have put market ‘on notice’: IGI’s Jabsheh

Losses including hurricanes Helene and Milton serve as reminders of volatility in the market, Waleed Jabsheh says

Bermuda Property
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