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Bermuda

Latest insight from the international reinsurance club

 

Latest Lloyd’s Lab entrants unveiled

New cohort of 11 firms include AI and climate-focused businesses

Los Angeles fires to pressure Bermuda reinsurer profits: Fitch

January fires will equal about 60% of last year’s total catastrophe losses, rating agency says

Fidelis names Strickle as group managing director

Executive will oversee integration of Bermuda-based specialty carrier’s actuarial, capital, underwriting and risk functions

Convex grows GWP to $5.2bn in 2024

Bermuda-based carrier books full-year underwriting profits of $381m, up 57% year-on-year 

Trevor Carvey to step down as Conduit Re CEO

Executive to resign from Bermuda-based carrier owing to ‘change in personal circumstances’

Taranto to step down as Everest chairman

Global Atlantic Financial Group vice-chair, John Graf, to succeed Joseph Taranto in May

Argo names Donahue as CEO as Buss departs

Bermuda-based specialty insurer promotes chief financial officer to top role

SiriusPoint climbs 8% in positive week for insurance stocks

Bermudians lead the risers, as re/insurance stocks enjoy some respite from Trump tariff volatility 

PartnerRe non-life underwriting profits tumble in 2024

Bermuda-based reinsurer’s underwriting result halves to $532m in the wake of catastrophe losses and reserve strengthening

Parametric nat cat platform Mythen launches

AI-powered managing general underwriter Mythen offers hurricane cover, backed by Texas carrier and Bermuda reinsurer

Everest appoints Howard as independent non-executive director

Former Truist Insurance chief executive joins board of Bermuda-based re/insurer 

Lancashire COR climbs to 89.1% as major losses double

London-listed specialty re/insurer reports pre-tax profit increased slightly to $337m

Mt Logan appoints Liew as chief analytics officer

Liew joins from RenaissanceRe, where he was portfolio analytics senior vice-president

Hiscox London Market to return to growth in 2025: CEO

Aki Hussain says favourable market conditions and new products will drive growth this year after division shrank in 2024 amid casualty cycle management and space exit

Hiscox books record full-year profit of $685m

Profits in London market business decline 18% in 2024 as division bears brunt of carrier's $1.6bn claims bill

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