Hashtag: #BermudaInsurance
Monument Re Acquires Portfolio From Contassur
Monument Re Limited announced today that its Belgian subsidiary Monument Assurance Belgium N.V. has completed the acquisition of a branch 21 closed book classical group life insurance portfolio from Contassur – Contibel Assurances Vie – Contibel Levensverzekeringen SA/NV [Contassur], following receipt of regulatory approval from the National Bank... Read more of this article
Ministry Of Health Responds To News Of Merger
The Ministry of Health has responded to news that BF&M and Argus “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A Government spokesperson said, “The Ministry of Health acknowledges the announcement of the merger between BF&M and Argus, two of Bermuda’s... Read more of this article
Brit Ltd Appoints Jacques Bonneau
Brit Ltd announced the appointment of Jacques Bonneau to the Board of Brit Re as a Non-Executive Director, subject to regulatory approval. A spokesperson said, “Jacques retired as CEO and President of PartnerRe in March 2024, and is a highly regarded leader within the global [re]insurance sector. Other positions Jacques has held in his career... Read more of this article
Athene Life Hosts Annual Career Expo
Athene Life Re hosted its second annual Life Career Expo at Pier 6 in Hamilton. A spokesperson said, “This year’s event brought together nearly 350 attendees, which featured young Bermudians speaking about their career experiences, panels with industry experts and roundtable discussions on industry topics such as job candidate branding and the... Read more of this article
ABIR Members To Host 108 Paid Summer Interns
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] are hosting a record number of 108 paid interns this summer, opening valuable work experience opportunities for Bermudian students. A spokesperson said,”ABIR kicked off the summer internship programme by hosting a reception at O’Hara House, attended by David Burt,... Read more of this article
Freisenbruch Insurance Wins Blood Drive
Freisenbruch Insurance Services has been named the 2024 champion of Bermuda’s Corporate Blood Drive, securing their third win in the annual competition. A spokesperson said, “It’s World Blood Donor Day today and the Bermuda Blood Donor Centre is excited to announce that Freisenbruch Insurance Services Ltd has been crowned as Corporate... Read more of this article
Mosaic Insurance Welcomes 5 University Interns
Mosaic Insurance welcomed five university students to its offices in Bermuda, London, New York, and Chicago for its fourth summer internship program. A spokesperson said, “Mosaic Insurance has welcomed five university students to its offices in Bermuda, London, New York and Chicago, as the specialty insurer kicks off its fourth summer internship... Read more of this article
Column: Wysocka-Bradshaw On Insurance
[Column written by Dorota Wysocka-Bradshaw] When applying for life insurance, the underwriting process is a critical step to determine the policyholder’s risk and premium. At CG Insurance, we pride ourselves on a customer-centric approach that ensures a smooth and transparent journey from start to finish. This comprehensive guide aims to provide... Read more of this article
AXA XL Appoints Noel Pearman As CUO
AXA XL has appointed Noel Pearman to the new role of Chief Underwriting Officer, Bermuda. A spokesperson said, “As part of the recently announced insurance underwriting operations reorganization in the Americas, AXA XL has appointed Noel Pearman to the new role of Chief Underwriting Officer, Bermuda. “Mr. Pearman, who reports to Donna Nadeau, AXA... Read more of this article
Over 700 Participate In Insurance Course
A record number of more than 700 people participated in the online foundational insurance course provided free to the Bermudian public thanks to sponsorship by the Association of Bermuda Insurers and Reinsurers [ABIR]. A spokesperson said, “ABIR partnered with Bermuda College and the Maurice R. Greenberg School of Risk Management, Insurance and... Read more of this article
Fidelis Concludes Secondary Public Offering
Fidelis Insurance Holdings Limited completed a secondary public offering. A spokesperson said, “Fidelis Insurance Holdings Limited, a global specialty insurer, today announced the closing of its underwritten secondary public offering of 9,000,000 common shares by certain of its shareholders at a price to the public of $16.00 per common share. “The... Read more of this article
AM Best Affirms A- Ratings For Athora
AM Best has affirmed the A- [Excellent] Financial Strength Rating and Long-Term Issuer Credit Ratings of Athora Life Re Ltd. and Athora Ireland plc, citing the group’s strong balance sheet, robust capitalisation, and solid operating performance. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent]... Read more of this article
KPMG Appoints Thomas Tiplin & Jay Payne
KPMG in Bermuda announced the appointment of Thomas [Tom] Tiplin as an Audit Partner and Jay Payne as a Tax Partner. A spokesperson said, “Tom joins the firm from KPMG in the UK where he focused on global and regional insurance and reinsurance clients operating in the non-life and life sectors. Tom has worked with a number of SEC registrants... Read more of this article
IGI Quarterly Dividend Of $0.025 Per Share
International General Insurance Holdings announced an increase in its regular quarterly dividend for ordinary common shares to $0.025 per share. A spokesperson said, “International General Insurance Holdings Ltd. today announced that its Board of Directors has voted to increase the Company’s regular quarterly ordinary common share dividend to... Read more of this article
Mosaic Expands Its Global Tax Liability Team
Mosaic Insurance has hired tax-risk specialists Camille Zabukovec in London and Roktim Kaushik in New York. A spokesperson said, “Mosaic Insurance has expanded its global transactional tax-liability team to meet rising demand in the sector with the hire of two tax-risk specialists. “Camille Zabukovec joined the company’s London office... Read more of this article
Mosaic Insurance Launches $15M Liability Suite
Mosaic Insurance has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks. A spokesperson said, “Mosaic’s professional liability team has a long track record of providing insurance solutions to the engineering sector across various industries and disciplines.... Read more of this article
