Category: Business
XL Announces Appointment Of Smyth & Greaves
XL Catlin insurance operations announced the appointment of Donnacha Smyth as President Global Excess Casualty Insurance and of Carla Greaves as Chief Underwriting Officer, Global Excess Casualty. Mr. Smyth, who will be based in Dublin, will start his new role on September 3, 2018. He will lead all Global Excess Casualty teams including North America,... Read more of this article
Bermuda Stock Exchange Report: June 5 2018
June 5 saw 10,100 shares trade on the Bermuda Stock Exchange, valued at $40,299.00 BD. 10,100 shares were traded by Argus Group Holdings Ltd, closing even at $3.99 per share. The BSX finished at 2,729.38, even on the day. There were 0 advances, 0 declines, and 61 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Kathleen Bibbings Named New BIMA President
Kathleen Bibbings, who has more than 30 years’ experience in the insurance industry and currently heads up AIG’s Bermuda captive operations, has been appointed President of the Bermuda Insurance Management Association [BIMA]. Bibbings replaces outgoing president Grainne Richmond who has completed the position’s two-year term, the association announced... Read more of this article
Sompo Completes Acquisition Of Lexon Surety
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has completed the acquisition of the operating subsidiaries of Lexon Surety Group LLC, which was first announced on January 3, 2018. Lexon, the second largest independent surety insurer in the U.S., is comprised of Lexon Insurance Company,... Read more of this article
Top Executives To Discuss Insurance Industry
An impressive who’s who of Bermuda’s global insurance market will discuss the state of the industry and major trends affecting risk management at a leadership forum marking the 25th anniversary of the Association of Bermuda Insurers & Reinsurers [ABIR]. The event, scheduled July 10 at Rosewood Bermuda, will see high-profile executives past and... Read more of this article
Fitch: Experts Expect ‘Normal’ Hurricane Season
After enduring one of the more active hurricane seasons in recent memory, U.S. P/C Insurers are well positioned for what is pointing to an average hurricane season in 2018, according to Fitch Ratings in its annual hurricane season preview report. Fitch Ratings said, “Early forecasts of the upcoming June 1 to November 30 hurricane season suggest... Read more of this article
Ascendant’s May 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [“BSX”], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of May 2018 the company repurchased 35,400 common shares at an average price of $15.00. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Celebrates... Read more of this article
Bermuda Stock Exchange Report: June 4 2018
June 4 saw 5,465 shares trade on the Bermuda Stock Exchange, valued at $261,363.00 BD. 5,465 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.6% at $48.00 per share. The BSX finished at 2,729.38, up 1.25% on the day. There was 1 advance, 0 declines, and 60 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Loren Named One Of World’s Best New Hotels
The Loren has been named one of the “world’s best new hotels” by private jet lifestyle magazine Elite Traveler, who called it a “striking modern boutique property” with “gorgeous ocean views.” The story said, “The newest hotel in Bermuda—the country’s first new-build hotel in 45 years, in fact—is a striking... Read more of this article
Video: ‘Finger’ Solar Power Project Signing
[Updated] Minister of Transport & Regulatory Affairs Walter Roban and Minister of Public Works Lt/Col. David Burch are holding a press conference this afternoon [June 4]. We will have additional coverage later on and in the meantime the live video of the press conference is below. Update: Speaking at today’s press conference, Minister Roban... Read more of this article
Eight Tech Interns In TLF Summer Programme
On May 31st the tenth annual Technology Leadership Forum [TLF] Internship Programme launched with eight technology interns participating in the summer programme. The 2018 TLF interns who passed the rigorous selection process are: Stephen Outerbridge, Justine Dzofonoo-Burch, Sher-Kyra Outerbridge, Raven Duffy, Kiara Saunders, Jalesa Vincent, Matthew... Read more of this article
Athene Completes Transaction With Voya
Athene Holding has successfully closed its transaction with Voya Financial to reinsure approximately $19 billion of fixed and fixed indexed annuity liabilities. This brings Athene’s total invested assets to approximately $100 billion. “This landmark transaction demonstrates how our expertise and unique, value-added association with Apollo position... Read more of this article
