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Bermuda

Latest insight from the international reinsurance club

 

Conduit names Postlewhite CUO

In his new role, Postlewhite will be responsible for overseeing portfolio performance across Conduit’s property, casualty and specialty segments

North America Bermuda

SiriusPoint CEO Egan pleased with carrier’s ‘upward trajectory’

Scott Egan stresses role of A&H and surety business, and MGAs in managing volatility

Bermuda Reinsurance

The Fidelis Partnership launches second Lloyd’s syndicate

Syndicate 2126 will be backed by a three-year capacity deal with Blackstone

Bermuda Lloyds

SiriusPoint core income rises 15% in Q3

Bermuda carrier’s combined ratio rises 0.6 points to 89.1%

Bermuda Reinsurance

Jamaica could see $1bn-plus in Melissa insured losses: Gallagher Re

Considerable uncertainty still surrounds losses, broker says, as hurricane heads for Bermuda

Jamaica Bermuda

Onex and AIG to acquire Convex in $7bn deal

Onex will reinvest as majority shareholder while AIG will take a new minority stake in Bermuda re/insurer

Mergers and Acquisitions Bermuda

Rating agencies adopt negative outlook on Everest

Moody’s and AM Best express worries about Bermuda-based group’s casualty reserves and new business plan

Everest Re Bermuda

Axis trims COR to 89.4% as Q3 profits rise

Bermuda-based carrier books third-quarter operating profit of $255m as insurance profits surge

Bermuda Specialty

Starr to buy IQUW Group

Deal will create ninth-largest managing agency at Lloyd’s and provide US firm an entry into Bermuda reinsurance market

Bermuda Lloyds

S&P Global upgrades IGI rating to A

Rating agency cites carrier’s ‘strong track record’ and low combined ratios

Bermuda Casualty

Insured losses could exceed $5bn as Melissa slams Jamaica

Low insurance penetration limits exposure, most of which will fall on reinsurers, analysts say

Bermuda Bahamas

Everest refocuses with renewal rights deal and $1.2bn reserve cover

Bermuda-based group sharpens insurance focus on global wholesale and specialty lines 

United States Bermuda

Everest Q3 profits halve amid US casualty reserve deterioration

Bermuda-based carrier adds $500m to US casualty reserves and inks $1.2bn adverse development cover

Bermuda Everest Re

Arch posts record Q3 operating income as reinsurance profits surge

Bermuda-based group benefits from low catastrophe losses and books 79.8% third-quarter combined ratio

Bermuda Arch Capital

IQUW Bermuda names Mitchell CUO

Former Guy Carpenter managing director hired to support strategic expansion of group's Bermuda reinsurance operation

Bermuda North America

Axis names head of US health reinsurance

Rasmussen joins Bermuda-based carrier after more than a decade at Voya

Bermuda United States
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