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PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe Ltd. announced that it has completed a second transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk for an in-force block of Canadian individual payout annuities. The deal follows on the heels of an earlier longevity transaction with Manulife completed in January of this year. In aggregate, PartnerRe... Read more of this article

White Mountains Reports First Quarter Results

White Mountains Reports First Quarter Results

White Mountains Insurance Group, Ltd. [WTM] reported book value per share of $981 and adjusted book value per share of $979 as of March 31, 2019. Book value per share and adjusted book value per share were each up 10% for the quarter, including dividends. On February 26, 2019, MediaAlpha completed the sale of a significant minority stake to Insignia... Read more of this article

Frank Bazos To Join White Mountains

Frank Bazos To Join White Mountains

White Mountains Insurance Group, Ltd. [WTM] announced that Frank Bazos, 52, is joining White Mountains Capital as Executive Vice President and Head of M&A. Bazos has over twenty-five years of private equity experience, primarily in the insurance, financial services and health care sectors. He spent approximately 18 years with Century Equity Partners... Read more of this article

Island To Host Risk Management Academy Event

Island To Host Risk Management Academy Event

Bermuda has been selected as the venue for an invite-only event this summer hosted by the prestigious Risk and Insurance Management Society [RIMS] and the Bermuda Business Development Agency [BDA]. RIMS Risk Management Academy Bermuda, slated for July 14 to 17, will see more than two-dozen senior insurance industry executives come to the island for... Read more of this article

Stephen Catlin & Paul Brand Launch Convex

Stephen Catlin & Paul Brand Launch Convex

Insurance industry experts Stephen Catlin and Paul Brand unveiled their international specialty insurer and reinsurer, Convex Group Limited. “Convex launches with $1.8bn of initial committed capital and will draw down $1.6bn to commence business; it will have access to further capital as the business expands. The Company has received an A.M. Best... Read more of this article

Hamilton Expands Partnership With Code441

Hamilton Expands Partnership With Code441

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s, today announced it is expanding its partnership with Code441, a non-profit that equips young people with the skills, resources and confidence to pursue opportunities in technology.Hamilton and Code441 are teaming up to... Read more of this article

AXA XL Adds Hostage/Assault Crisis Protection

AXA XL Adds Hostage/Assault Crisis Protection

AXA XL’s Environmental business has added complimentary hostage/assault crisis response coverage to its pollution insurance specifically designed for real estate businesses and portfolios. According to Matt O’Malley, President of AXA XL’s North America Environmental business, “Our environmental insurance team has been a pioneer in the pollution... Read more of this article

BII To Host Seminars For Young Professionals

BII To Host Seminars For Young Professionals

A series of induction seminars are set to be held aimed helping young professionals understand the basics of insurance as well as the different parts that make up the industry in Bermuda. Run by the Bermuda Insurance Institute [BII], the courses are aimed at junior level employees of insurance and reinsurance companies as well as those from companies... Read more of this article

Life Insurance Industry Offers Career Advice

Life Insurance Industry Offers Career Advice

Bermuda International Long Term Insurers and Reinsurers [BILTIR] today held its second Lunch and Learn for 2019, entitled “A Career in the Life Insurance and Reinsurance Industry”, to 20 Bermuda Institute students at the offices of Global Atlantic Re, a BILTIR member company. The programme focused on Bermuda’s thriving life insurance industry... Read more of this article

Photos: BFIS High School Networking Sessions

Photos: BFIS High School Networking Sessions

Students from Bermuda’s public and private high schools took part in the BFIS Speed Networking lunches held late last month. The sessions gave 75 senior students an opportunity to meet and chat with numerous insurance professionals to help them gain a better understanding of the wide variety of careers in the insurance industry. A spokesperson said,... Read more of this article

ABIR & Lloyd’s To Host “Lloyd’s Market Update’

ABIR & Lloyd’s To Host “Lloyd’s Market Update’

The Association of Bermuda Insurers & Reinsurers [ABIR] and Lloyd’s of London will be hosting a “Lloyd’s Market Briefing” today [March 18] in Bermuda. The milestone event will feature insights from Lloyd’s Chair Bruce Carnegie-Brown. He will be joined by Jon Hancock, Director of Performance Management of Lloyd’s. Comments will also be... Read more of this article

Sompo Introduces Professional Lines Capabilities

Sompo Introduces Professional Lines Capabilities

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s U.S. platform has introduced a Management Assurance Policy [MAP], which expanded its primary professional lines insurance offering for private companies. Through MAP, Sompo International offers... Read more of this article

PartnerRe Longevity Transaction With Manulife

PartnerRe Longevity Transaction With Manulife

PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company [Manulife] to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, PartnerRe will reinsure the longevity risk in respect of approximately 25,000 annuitants. Alan Ryder, CEO of PartnerRe North America Life commented: “PartnerRe... Read more of this article