Hashtag: #BermudaInsurance
Monument Re Transfers Portfolio To RGA
Monument Re Limited announced that it has transferred a legacy €1.4bn reinsurance portfolio, comprising annuity and other life insurance liabilities acquired as part of the 2020 Greycastle transaction, to RGA Americas Reinsurance Company, Ltd. [RGA]. A spokesperson said, “This transaction releases capital resources that Monument will redirect... Read more of this article
ABIR Members To Pay $10B In Wildfire Claims
Bermuda’s re/insurers expect to pay nearly $10 billion in gross claims to US policyholders and cedants — as much as 30% of estimated insured losses — following the California wildfires, ABIR said. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] is proud to add its decades-long track record of being there... Read more of this article
AM Best Affirms Credit Ratings Of Hamilton Re
AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a” [Excellent] of Hamilton Re, Ltd. [Pembroke, Bermuda] and Hamilton Insurance Designated Activity Company [Dublin, Ireland], each a wholly owned subsidiary of Hamilton Insurance Group, Ltd. [Pembroke, Bermuda] [collectively... Read more of this article
Everen Specialty Appoints Carla Greaves
Everen Specialty has appointed Carla Greaves as its new Chief Underwriting Officer. A spokesperson said, “Everen Specialty, a Bermuda-based (re)insurer for energy markets worldwide, today announced the appointment of Carla Greaves as its new Chief Underwriting Officer. “Ms. Greaves will join the Executive Leadership Team of the Everen Group,... Read more of this article
Markel Unveils Restructure & Leadership Changes
Markel Insurance, the insurance operations within Markel Group Inc, announced a new divisional structure for its US and Bermuda operations and new leadership appointments. A spokesperson said, “The changes, effective today, follow the appointment of Simon Wilson as Chief Executive Officer of Markel Insurance in March and are part of a long-term... Read more of this article
AM Best Affirms Ratings For Mozart Insurance
AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong,... Read more of this article
Ribbon Cutting Held For Loyal Hill Playground
Bermuda International Long Term Insurers and Reinsurers [BILTIR] hosted the official ribbon cutting ceremony to open the Loyal Hill Playground on Northshore Road in Devonshire on Friday, April 4. A spokesperson said, “The playground, which is now open to the local community, was made possible by the support of 15 BILTIR members who contributed... Read more of this article
Brit Re Joins ABIR, Stephenson Joins Board
The Association of Bermuda Insurers and Reinsurers [ABIR] has welcomed Brit Re as a new member, with Jonathan Stephenson appointed to the ABIR board of directors. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] is pleased to welcome Brit Re, the Bermuda-based reinsurance platform of Brit Ltd. [Brit], as a new member.... Read more of this article
New Book On Brian Duperreault Launched
A biography of Brian Duperreault, ‘Faith & Purpose’, was launched at a Bermuda reception, where proceeds from pre-sales were donated to support local insurance studies. A spokesperson said, “A 357-page biography chronicling the life and career of insurance industry legend Brian Duperreault was launched at a celebratory cocktail... Read more of this article
Kevin Kajiwara To Speak At Risk Summit
Kevin Kajiwara will speak at the 2025 Bermuda Risk Summit tomorrow [March 12], speaking on how “shifting global power dynamics, economic decoupling, and policy shifts are reshaping capital markets and risk management strategies.” A spokesperson said, “The Bermuda Business Development Agency [BDA] is pleased to announce that Kevin... Read more of this article
AM Best Affirms ‘A’ Ratings For Coralisle Group
AM Best has affirmed the Financial Strength Rating of ‘A’ [Excellent] for Bermuda-based Coralisle Group Ltd.’s life/health and property/casualty subsidiaries in Bermuda, the Bahamas and the Caribbean. A spokesperson said, “Best also affirmed the Long-Term Issuer Credit Ratings of ‘a’ [Excellent] and ‘stable’ credit outlooks for the... Read more of this article
BDA Launches Future Leaders Forum At Summit
The Bermuda Business Development Agency [BDA] is pleased to announce the launch of the Future Leaders Forum, a dedicated event within Bermuda Risk Summit, designed to inspire and connect students and career changers with opportunities in Bermuda’s thriving risk and insurance industry. A spokesperson said, “Taking place on 12 March 2025 at the Hamilton... Read more of this article
