Hashtag: #BermudaInsurance
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
AM Best Upgrades Oceanview To ‘A’ Rating
Oceanview Holdings, Ltd., a Bermuda company and ultimate parent of each of Oceanview Life and Annuity Company, an Alabama insurance company, and Oceanview Reinsurance Ltd., a Bermuda Class E insurance company [together Oceanview], announced that global credit rating agency AM Best has upgraded the Financial Strength Rating [FSR] and Long-Term Issuer... Read more of this article
Fidelis Appoints New Board Of Directors
Fidelis Insurance has appointed Christine Dandridge and Matthew J. Adams to its Board of Directors. A spokesperson said, “Fidelis Insurance Holdings Limited [Fidelis] announced today that it has appointed Christine Dandridge and Matthew J. Adams to its Board of Directors, effective October 25, 2023.” “The Board of Directors of FIHL... Read more of this article
Aspen Insurance Holdings Appoint Tim Mardon
Aspen Insurance Holdings Limited announced the appointment of Tim Mardon as Global Head of Property Catastrophe Reinsurance, effective November 14. A spokesperson said, “Tim will also become Chief Underwriting Officer [CUO] of Aspen Bermuda Limited [ABL] and a member of Aspen Re’s Leadership team. Based in Bermuda, he will report to John Welch,... Read more of this article
Voysey-Moss Appointed VP Of Broking Services
Freisenbruch Insurance Services [FIS] has appointed Marie Voysey-Moss as Vice President of Broking Services. A spokesperson said, “Marie has spent the last sixteen years within the Lloyd’s market as an underwriter and as a placing broker running a Financial Institutions team. She has cultivated relationships in the UK and offshore in Jersey,... Read more of this article
Hamilton Insurance Announces Launch Of IPO
Hamilton Insurance Group, Ltd. announced today the launch of its initial public offering of 15,000,000 of its Class B common shares pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission [SEC]. A spokesperson said, “The offering consists of 6,250,000 Class B common shares offered by the Company and... Read more of this article
Talcott Financial Group Appoints New CEO
Talcott Financial Group announced today the appointment of Imran Siddiqui as CEO, effective immediately. A spokesperson said, “Talcott Financial Group, an international life insurance group and the insurance industry’s trusted partner for comprehensive risk solutions, today announced the appointment of Imran Siddiqui as the Chief Executive Officer... Read more of this article
ABIR Welcomes Andrew Mais & Gary Anderson
The Association of Bermuda Insurers and Reinsurers [ABIR] hosted a special reception to welcome U.S. National Association of Insurance Commissioners [NAIC] President-Elect Andrew Mais and Massachusetts Division of Insurance Commissioner Gary Anderson to Bermuda. A spokesperson said, “The leaders were on island to present at this week’s InsuranceERM... Read more of this article
White Mountains Launches WM Partners
White Mountains Insurance Group has launched White Mountains Partners, a wholly-owned division that offers institutional funding to businesses, led by John J. Daly as CEO and Managing Partner. A spokesperson said, “White Mountains Insurance Group, Ltd. [NYSE: WTM] today announced that it has launched White Mountains Partners [WM Partners], a new,... Read more of this article
PwC Insurance Summit Announced Speakers
PwC Insurance Summit, presented with the Financial Times today announced keynote speakers for its 9 November event. Moderated by PwC Bermuda’s insurance leadership and prominent FT journalists, Ian Smith and Robert Armstrong, the one-day in-person summit will delve into critical topics on the risk management agenda. A spokesperson said, ”Eric... Read more of this article
