Hashtag: #BermudaInsurance
BILTIR Executives Attend NAIC Fall Meeting
Bermuda International Long Term Insurers and Reinsurers [BILTIR] executives were in Orlando, Florida, for the 2023 National Association of Insurance Commissioners [NAIC] Fall National Meeting [the Meeting]. A spokesperson said, “Executive Director Christine Patton and Executive Advisor The Hon. Curtis Dickinson JP, MP attended the meeting, which... Read more of this article
Fidelis Insurance Appoints Miranda Hunter
Fidelis Insurance Holdings Limited announced the appointment of Miranda Hunter as Head of Investor Relations. A spokesperson said, “In this new role, Ms Hunter will be responsible for leading Fidelis Insurance Group’s engagement with the investment community. Ms Hunter, who is based in Bermuda, will report to Fidelis Insurance Group’s Chief... Read more of this article
AM Best Affirms Credit Ratings Of Orion
AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] for Orion Reinsurance [Bermuda] Ltd. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] of Orion Reinsurance [Bermuda]... Read more of this article
AM Best Affirms Credit Ratings Of Conduit
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] for Conduit Reinsurance Limited [Conduit Re] in Bermuda. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent]... Read more of this article
AM Best Affirms Conduit With Stable Outlook
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] for Conduit Reinsurance Limited with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent]... Read more of this article
Gibbons Appointed As Social Insurance Director
Gershon Gibbons has been appointed as the Director of Social Insurance. A Government spokesperson said, “The Head of the Public Service Cherie Whitter announced the appointment of Gershon Gibbons as the Director of Social Insurance. “As the Director of Social Insurance, Mr. Gibbons will work under the direction of the Financial Secretary.... Read more of this article
IGI Announces $0.01 Common Share Dividend
International General Insurance Holdings Ltd. [IGI] announced a regular common share dividend of $0.01 per share covering the period from July 1, 2023, to September 30, 2023. A spokesperson said, “The dividend is payable on December 14, 2023 to shareholders of record at the close of business on November 30, 2023.” Related Stories Fidelis... Read more of this article
Brookfield Completes $1.1B Acquisition Of Argo
Argo Group International Holdings, Ltd. today announced the completion of Brookfield Reinsurance’s acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. A spokesperson said, “Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per... Read more of this article
BILTIR Attends Meeting & Conference In Japan
Bermuda International Long Term Insurers and Reinsurers [BILTIR] executives were in Tokyo, Japan, for the 2023 International Association of Insurance Supervisors [IAIS] Meeting and Global Federation of Insurance Associates [GFIA] Annual Conference. A spokesperson said, “Executive Director Christine Patton and Vice Chair of BILTIR and Chair of... Read more of this article
CG Insurance Offer Summer Internships
CG Insurance has opened applications for their Summer Internship Programme, noting that it is “geared towards college students and recent graduates aspiring to pursue a career in the insurance industry, this programme provides an invaluable opportunity to immerse oneself in the dynamic world of insurance.” A spokesperson said, “The... Read more of this article
Aspen Promotes Edward Hart To Cyber Head
Aspen Insurance announced that Edward Hart has been promoted to the role of International Head of Cyber. A spokesperson said, “Ed joined Aspen Insurance in February as a Senior Underwriter and has 10 years of cyber underwriting experience, having served in roles at Brit Insurance and Barbican Insurance Group. In his short time thus far at Aspen,... Read more of this article
Hamilton Insurance Announces IPO Pricing
Hamilton Insurance Group, Ltd. announced the pricing of its initial public offering of 15,000,000 of its Class B common shares at a price to the public of $15.00 per share. A spokesperson said, “The offering consists of 6,250,000 Class B common shares offered by the Company and 8,750,000 Class B common shares offered by certain of the Company’s... Read more of this article
Fleming Insurance To Acquire JRG Reinsurance
Fleming Insurance Holdings, a provider of capital solutions to P&C insurers globally, has entered into an agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. A spokesperson said, “This is a transformational transaction contributing to Fleming’s growth plan with the addition of complementary infrastructure,... Read more of this article
S&P Upgrades SiriusPoint Outlook To Stable
SiriusPoint Ltd, a global specialty insurer and reinsurer, has had its ratings outlook revised from ‘Negative’ to ‘Stable’ by S&P Global Ratings [S&P]. A spokesperson said, “”S&P’s decision to revise its ratings outlook to ‘Stable’ reflects its “expectation that SiriusPoint will continue to post strong and improving... Read more of this article
Risk Environment Has Never Been So Complex
Geopolitics, weather extremes, social and economic inflation, and rapidly advancing technology – for insurers and reinsurers, the “risk environment has never been so complex,” the PwC Insurance Summit heard today.” Speaking at the Summit, presented with the Financial Times, and attended by nearly 300 industry professionals from... Read more of this article
PartnerRe Dividend On Preferred Shares
PartnerRe Ltd. has announced that its Board of Directors declared a dividend for the period September 15, 2023, to December 14, 2023, for its 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J. The dividend amount is $0.3046875 per share. Shareholders of record as of November 30, 2023, will be eligible for the dividend, which is... Read more of this article