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Bermuda

Latest insight from the international reinsurance club

 

Scor shares plunge 20% following profit warning

Paris-based reinsurer's stock tumbles amid expected losses in life and health business, as SiriusPoint leads Bermuda climbers

North America Bermuda

Everest expands third-party capital business

Bermuda-based group transforms Mt Logan unit into multi-vehicle capital management platform

Bermuda Everest Re

Fortitude Re names Hager as CFO

MassMutual executive succeeds Talarek at Bermudian reinsurer

Bermuda Reinsurance

Mosaic restructures agency business

Liam Jones becomes chief executive to oversee agency division's growth

North America Bermuda

Vantage Group promotes Berry to chief distribution officer

Bermuda-based group appoints Leanne Berry to oversee all aspects of its specialty insurance distribution strategy

Bermuda Specialty

James River inks $160m legacy deal with State National

Bermuda-based carrier enters into loss transfer deal with Markel Group subsidiary for legacy excess and surplus lines casualty business written between 2010 and 2023

Bermuda Legacy

Fleming names Garceau as CFO and COO

The appointment rounds off the legacy reinsurer's executive team

Bermuda Legacy

SiriusPoint teams with up Tara Hill on E&S offering

New offering will provide capacity to Tara Hill's private management liability and miscellaneous professional liability coverage

Bermuda Reinsurance

Fidelis Partnership syndicate begins underwriting

Syndicate 3123 will underwriting across multiple insurance and reinsurance classes, including contract frustration and political risk, credit, property catastrophe, political violence, marine and aviation

Bermuda Lloyds

Bermuda's BF&M and Argus agree to merge

Bermuda carriers to merge in all-stock transaction, forming new company with enhanced property/casualty, life, health and pensions portfolios

Bermuda Mergers and Acquisitions

R&Q completes sale of Accredited

Sale of programme management business to Onex for $465m follows R&Q filing for provisional liquidation in Bermuda

Bermuda Randall & Quilter

Teneo appointed provisional liquidator of R&Q

Michael Morrison, Mark Allitt and Charles Thresh were appointed at a hearing yesterday before the Supreme Court of Bermuda

Bermuda Randall & Quilter

Vantage hires Link as CFO

Bermuda-based carrier hires Beacon Capital Partners executive to lead finance function

Bermuda People moves

R&Q agrees sale of Inceptum to Marco Capital

Transaction to sell UK-based legacy company Inceptum comes as R&Q begins winding-down process

Bermuda United Kingdom

R&Q to file for provisional liquidation in Bermuda

Legacy and programme management firm presses ahead with alternative sale structure proposed by Onex Corporation to complete sale of fronting arm Accredited

Randall & Quilter Bermuda

R&Q warns of liquidation as Accredited sale negotiations continue

Legacy and programme management firm considers alternative sale structure involving liquidation as it warns sale process to Onex has had a ‘material impact’ on the company’s ‘stability as a business and as a going concern’

Bermuda Randall & Quilter
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