Hashtag: #BermudaInsurance

Ariel Re & Hiscox Re & ILS Launch CyberShock

Ariel Re & Hiscox Re & ILS Launch CyberShock

Ariel Re, a premier global reinsurance business with offices in Bermuda, London and Hong Kong and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of specialist global insurer Hiscox, today announced the launch of CyberShock, an industry-first cyber catastrophe consortium. A spokesperson said, “The CyberShock consortium... Read more of this article

Arch Insurance Int’l Appoints Kirsten Valder

Arch Insurance Int’l Appoints Kirsten Valder

Arch Insurance International has appointed Kirsten Valder as its new Deputy CEO, responsible for overseeing global platform development under CEO Hugh Sturgess. A spokesperson said, “Arch Insurance International has today announced the appointment of Kirsten Valder as Deputy CEO of Arch Insurance International, effective immediately. “As... Read more of this article

IRLA Launches New Chapter In Bermuda

IRLA Launches New Chapter In Bermuda

The Insurance and Reinsurance Legacy Association [IRLA] — a leading trade association for the legacy insurance and reinsurance sector — announced the launch of its new chapter in Bermuda. A spokesperson said, “The IRLA Bermuda chapter will provide a platform for members to network, share best practices and access professional development... Read more of this article

Opinion: Kim Swan On OBA, Health Costs & More

Opinion: Kim Swan On OBA, Health Costs & More

[Opinion column written by Kim Swan] The One Bermuda Alliance’s recent series of opinion columns said in several hundred words what they could have simply said in five. “Let’s do nothing for Bermudians.” The One Bermuda Alliance may be oblivious to the real financial struggles that Bermudians are facing but we within the Progressive... Read more of this article

Relm Insurance Launches Web3 Product Suite

Relm Insurance Launches Web3 Product Suite

Relm Insurance introduced a new product suite customized for clients in Web3 technologies. A spokesperson said, “Relm Insurance [Relm], a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed... Read more of this article

Fortitude Re Appoints Jamie Schmerer

Fortitude Re Appoints Jamie Schmerer

FGH Parent, L.P. [Fortitude Re], today announced the appointment of Jamie Schmerer as SVP, Enterprise Risk. A spokesperson said, “Jamie’s responsibilities will include leading Fortitude Re’s regulatory relations efforts in Bermuda, as well as overseeing and enhancing the enterprise risk management framework of Fortitude Re including, risk... Read more of this article

Ariel Re Promotes Thirteen Staff Members

Ariel Re Promotes Thirteen Staff Members

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has promoted thirteen staff in its Bermuda and London offices. A spokesperson said, “Last year, Ariel Re first announced its drive to become an ‘academy firm’, which will support and develop talent in the reinsurance industry. “The... Read more of this article

Aspen Insurance Reports 2023 Financial Results

Aspen Insurance Reports 2023 Financial Results

Aspen Insurance Holdings Limited today [April 1] reported results for the three and twelve months ended December 31, 2023. Mark Cloutier, Executive Chairman and Group Chief Executive Officer, commented, “We are pleased to report an excellent set of results for 2023. Aspen’s continued focus on underwriting discipline and operating excellence resulted... Read more of this article

Wright & Tannock Share Insights At Risk Summit

Wright & Tannock Share Insights At Risk Summit

“The war on talent is real for the insurance industry and the lack of diversity, inclusion and equity should be a key focus, Soraya Wright, Amazon’s Global Head of Corporate Risk & Claims, told those attending the recently held Bermuda Risk Summit. A spokesperson said, “Ms Wright, who has more than 30 years of experience managing complex... Read more of this article

Mosaic Expands Its Political Risk Coverage

Mosaic Expands Its Political Risk Coverage

Mosaic Insurance has expanded its political risk coverage to the US market and launched global capacity of $65 million in arbitration award default insurance [AADI], a product that compensates parties against breaches of investment treaties or contractual obligations by sovereign states. A spokesperson said, “Project companies or investors often... Read more of this article

S&P Global Ratings On Enstar Subsidiary

S&P Global Ratings On Enstar Subsidiary

Enstar Group Limited announced today that the ratings agency S&P Global Ratings has assigned an Insurer Financial Strength Rating of ‘A’ with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited. A spokesperson said, “Cavello Bay is Enstar’s primary non-life run-off consolidator, and a Class 3B... Read more of this article

Everest Group Promotes Jim Williamson

Everest Group Promotes Jim Williamson

Everest Group announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses.” “Jim is an excellent executive, a multi-faceted operator, and consummate underwriter with a record of building best in class businesses,” said Juan C. Andrade, Everest President & CEO. “Jim has been a valuable partner... Read more of this article

EY Bermuda Hosts Networking Reception

EY Bermuda Hosts Networking Reception

EY hosted an Executive Networking Reception in support of the ISC [Insurance Supper Club] Group, a global business network dedicated to bridging the gender seniority gap in the [re]insurance industry. A spokesperson said, “Over eighty executives heard from special guest Dr. Frank Schmid, an industry luminary and renowned expert on Generative AI,... Read more of this article

Relm Insurance Appoints Chris Sinkey As COO

Relm Insurance Appoints Chris Sinkey As COO

Relm Insurance announced the appointment of Chris Sinkey as the Chief Operating Officer. A spokesperson said, “Relm Insurance [Relm], a leading specialty insurance carrier supporting emerging and innovative industries, today announced that Chris Sinkey has joined as Chief Operating Officer, a newly created role. “Reporting into CEO and Founder,... Read more of this article

AM Best Affirms Ratings Of Black Gold Re

AM Best Affirms Ratings Of Black Gold Re

AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb+” [Good] of Black Gold Re Limited [BGRe] [Bermuda]. The ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. BGRe is a captive reinsurer of Ecopetrol S.A. [Ecopetrol] [NYSE: EC], a Colombia-based integrated... Read more of this article

SiriusPoint & NIP Partner For E&S Platform

SiriusPoint & NIP Partner For E&S Platform

SiriusPoint and NIP Group have unveiled plans for a collaborative venture to establish a new Excess and Surplus [E&S] program underwriting platform. A spokesperson said, “SiriusPoint Ltd., a global specialty insurer and reinsurer, and NIP Group [NIP], a leading specialty insurance provider, have today announced a strategic partnership to form... Read more of this article