Hashtag: #BermudaInsurance

Mereo Insurance Launches With A-Rating
Mereo Insurance Limited, a new reinsurance platform, launches with an A- AM Best rating and strong backing, aiming to capitalize on the current global property and casualty reinsurance market. A spokesperson said, “Mereo Insurance Limited, a new reinsurance platform, has received an A- credit rating from AM Best, and begins operations this week... Read more of this article

MultiStrat Appoints Maryam Abdullah
MultiStrat, the specialist underwriter and reinsurance investment platform, has hired Maryam Abdullah as Head of Pricing. A spokesperson said, “Based in Bermuda, Ms Abdullah will support MultiStrat’s ambitious growth plans for 2025. “Ms Abdullah, who has worked with the company since 2022 as a consultant, now joins MultiStrat on a full-time... Read more of this article

BCN Takes Part In 2025 World Captive Forum
The Bermuda Captive Network [BCN] announced its ‘significant participation in the 2025 World Captive Forum, held from February 5–7 at the JW Marriott Orlando Grande Lakes Resort.’ A spokesperson said, “This esteemed event, established in 1991, is renowned for its high-caliber educational content and meaningful networking opportunities... Read more of this article

Envelop Promotes Graeme Bell & Simon Welton
Envelop Risk, the data-driven cyber reinsurance and analytics specialist, has promoted Graeme Bell to group chief operating officer and Simon Welton to the role of EVP – underwriting performance and strategic partnerships. A spokesperson said, “Bell joined as a non-executive director in 2020, moving to an executive position as group chief legal... Read more of this article

Fidelis Partnership Writes Private Placement
The Fidelis Partnership has written a private placement on the global marine liabilities reinsurance placement on the International Group of P&I Clubs [IGPIA] through Lloyd’s Syndicate 3123 [The Fidelis Partnership Syndicate]. A spokesperson said, “The deal represents a 5% placement on the primary section of the IGPIA’s $3.1billion excess-of-loss... Read more of this article

Fidelis Insurance Closes New Catastrophe Bond
Fidelis Insurance Bermuda Limited [FIBL] has successfully closed a new catastrophe bond through the issuance of the Series 2024-2 Class A Principal-at-Risk Variable Rate Notes. A spokesperson said, “Fidelis Insurance Holdings Limited [FIHL], a global specialty insurer, announced today that Fidelis Insurance Bermuda Limited [FIBL] has successfully... Read more of this article

Minister To Joins Roundtable Discussion
Minister of Economy and Labour Jason Hayward will participate in a roundtable next month to launch a free, online foundational insurance course sponsored by the Association of Bermuda Insurers and Reinsurers [ABIR]. A spokesperson said, “Jason Hayward, JP, MP, the Minister of Economy and Labour, will be among the participants in a roundtable next... Read more of this article

AM Best Affirms A-Rating For NEWGT
AM Best affirms NEWGT Reinsurance Company Ltd.’s A- [Excellent] financial strength rating and stable outlook, citing strong capitalization, positive performance, and robust risk management. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of... Read more of this article

Moody’s Assigned A3 Ratings To Fortitude
Fortitude Reinsurance Company Ltd. announced that Moody’s Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s three main operating companies: Fortitude Reinsurance Co. Ltd., Fortitude International Reinsurance Co. Ltd., and Fortitude Life Insurance and Annuity Co. Additionally, the global rating agency assigned a Baa2... Read more of this article

AM Best Affirms Credit Ratings Of Harrington Re
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] of Harrington Re Ltd. [Harrington]. AM Best also has affirmed the Long-Term ICR of “bbb-” [Good] of Harrington Reinsurance Holdings Limited. Both companies are domiciled in Bermuda. The outlook of these... Read more of this article

AM Best Affirms Credit Ratings Of Lancashire
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 Lancashire Insurance Company Limited [Hamilton, Bermuda] and Lancashire Insurance Company [UK] Limited [United Kingdom] [collectively referred to as Lancashire]. Additionally, AM Best has affirmed... Read more of this article