Hashtag: #BermudaInsurance

KPMG Appoints Thomas Tiplin & Jay Payne

KPMG Appoints Thomas Tiplin & Jay Payne

KPMG in Bermuda announced the appointment of Thomas [Tom] Tiplin as an Audit Partner and Jay Payne as a Tax Partner. A spokesperson said, “Tom joins the firm from KPMG in the UK where he focused on global and regional insurance and reinsurance clients operating in the non-life and life sectors. Tom has worked with a number of SEC registrants... Read more of this article

IGI Quarterly Dividend Of $0.025 Per Share

IGI Quarterly Dividend Of $0.025 Per Share

International General Insurance Holdings announced an increase in its regular quarterly dividend for ordinary common shares to $0.025 per share. A spokesperson said, “International General Insurance Holdings Ltd. today announced that its Board of Directors has voted to increase the Company’s regular quarterly ordinary common share dividend to... Read more of this article

Mosaic Expands Its Global Tax Liability Team

Mosaic Expands Its Global Tax Liability Team

Mosaic Insurance has hired tax-risk specialists Camille Zabukovec in London and Roktim Kaushik in New York. A spokesperson said, “Mosaic Insurance has expanded its global transactional tax-liability team to meet rising demand in the sector with the hire of two tax-risk specialists. “Camille Zabukovec joined the company’s London office... Read more of this article

Mosaic Insurance Launches $15M Liability Suite

Mosaic Insurance Launches $15M Liability Suite

Mosaic Insurance has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks. A spokesperson said, “Mosaic’s professional liability team has a long track record of providing insurance solutions to the engineering sector across various industries and disciplines.... Read more of this article

Nayms Announces Partnership With Coinbase

Nayms Announces Partnership With Coinbase

Nayms announced a partnership with Coinbase, which “aims to empower insurance companies, reinsurance funds, and capital providers by leveraging on-chain technology for seamless insurance transactions.” A spokesperson said, “Nayms, the cutting-edge digital insurance marketplace, is thrilled to announce a groundbreaking collaboration... Read more of this article

Agam Partners With 26North Reinsurance

Agam Partners With 26North Reinsurance

Agam Capital collaborated with 26North Reinsurance Holdings to advise and launch AeCe ISA, Ltd., a Bermuda-based life and annuity reinsurer. A spokesperson said, “Agam Capital [Agam], an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising and partnering... Read more of this article

ABIR Chair Pina Albo To Join NAIC Panel

ABIR Chair Pina Albo To Join NAIC Panel

Pina Albo, Chair of the Association of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance Group, Ltd. will be a CEO panelist at the National Association of Insurance Commissioners 2024 International Insurance Forum. A spokesperson said, “The event takes place on May 16-17, 2024 at the Hyatt Regency Washington in Washington, D.C. “The... Read more of this article

Insurer To Pay $350M For Baltimore Bridge

Insurer To Pay $350M For Baltimore Bridge

Insurer Chubb will be paying $350 million in relation to the Baltimore bridge collapse, according to a report in Reuters. The story said, “Chubb, opens new tab, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing... Read more of this article

AXA XL Appoints Matthew O’Malley In New Role

AXA XL Appoints Matthew O’Malley In New Role

AXA XL has appointed Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas, reporting to Lucy Pilko, the region’s Chief Executive Officer and Manuel Meier, AXA XL’s Chief Client Officer. Commenting on the appointment, Ms. Pilko said, “Our growth plans revolve around helping... Read more of this article

Mosaic Insurance Moves NYC Office In Manhattan

Mosaic Insurance Moves NYC Office In Manhattan

Mosaic Insurance moved its New York City office to One Grand Central Place in Manhattan. A spokesperson said, “Mosaic Insurance has moved its New York City office to an iconic address opposite Manhattan’s Grand Central Terminal to accommodate the company’s growing business and future ambitions in the US market. “The global specialty... Read more of this article

MS Reinsurance Earns Rating Upgrades

MS Reinsurance Earns Rating Upgrades

MS Reinsurance receives rating upgrades from AM Best and S&P Global Ratings, reflecting improved financial strength and operational performance. A spokesperson said, “MS Reinsurance, the global reinsurer, announced today that the company has received rating upgrades from AM Best and S&P Global Ratings. “On Friday, April 26, 2024,... Read more of this article

AM Best Upgrades Ratings Of MS Amlin AG

AM Best Upgrades Ratings Of MS Amlin AG

AM Best upgraded the Financial Strength Rating to A+ [Superior] and the Long-Term Issuer Credit Rating to “aa-” [Superior] of MS Amlin AG [MS Reinsurance] [Switzerland]. The ratings agency said, “The outlook of these Credit Ratings [ratings] is stable. “The ratings reflect MS Reinsurance’s balance sheet strength, which AM Best assesses... Read more of this article

AM Best Affirms Excellent Ratings For SiriusPoint

AM Best Affirms Excellent Ratings For SiriusPoint

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for the rated operating subsidiaries of SiriusPoint Ltd. [SiriusPoint] [Bermuda]. The ratings agency said, “Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” [Good] of SiriusPoint, which is a non-operating... Read more of this article

Wilton Re Donates $5,000 To Menuhin Foundation

Wilton Re Donates $5,000 To Menuhin Foundation

Wilton Reinsurance Bermuda has donated $5,000 to the Menuhin Foundation. A spokesperson said, “The Menuhin Foundation has supported thousands of Bermuda’s school children since 1976 as part of their vision to ensure “that all children will have access to the unique, social, emotion and intellectual benefits of learning to play a stringed instrument... Read more of this article

Ariel Re & Hiscox Re & ILS Launch CyberShock

Ariel Re & Hiscox Re & ILS Launch CyberShock

Ariel Re, a premier global reinsurance business with offices in Bermuda, London and Hong Kong and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of specialist global insurer Hiscox, today announced the launch of CyberShock, an industry-first cyber catastrophe consortium. A spokesperson said, “The CyberShock consortium... Read more of this article

Arch Insurance Int’l Appoints Kirsten Valder

Arch Insurance Int’l Appoints Kirsten Valder

Arch Insurance International has appointed Kirsten Valder as its new Deputy CEO, responsible for overseeing global platform development under CEO Hugh Sturgess. A spokesperson said, “Arch Insurance International has today announced the appointment of Kirsten Valder as Deputy CEO of Arch Insurance International, effective immediately. “As... Read more of this article