Hashtag: #BermudaInsurance
AM Best Affirms Credit Ratings Of Stellar
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” [Excellent] of Stellar Insurance, Ltd. [Stellar] [Bermuda], an indirectly wholly owned subsidiary of the Saudi Arabian Oil Company [SAOC]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings... Read more of this article
WiRe Bermuda Appoints Two New Directors
Women in Reinsurance [WiRe] announced the appointment of Katie Partington Howarth and Adria Da Breo Richards to its Board of Directors. A spokesperson said, “Both have extensive leadership experience, strategic insight, and a shared commitment to advancing women in the reinsurance industry. Katie Partington Howarth “Katie brings over 25... Read more of this article
Fidelis Launches AI Data Centre Consortium
The Fidelis Partnership announced the “launch of a new consortium targeting risks associated with the construction of AI data centres.” A spokesperson said, “With estimates suggesting that the AI data centre market could rapidly represent billions in new premium a year, the Consortium will target Excess Layers in Construction risk... Read more of this article
AM Best Revises Golden Tree’s Ratings
AM Best has revised the outlook for Golden Tree Reinsurance Limited’s Long-Term Issuer Credit Rating to positive from stable, affirming its Financial Strength Rating of B++ [Good] and Long-Term ICR of “bbb” [Good], citing the company’s strongest balance sheet, adequate performance, and sustained growth. A statement from the ratings agency said,... Read more of this article
EY Renews 2026 Risk Summit Sponsorship
EY has renewed its support as a headline sponsor for the 2026 Bermuda Risk Summit. A spokesperson said, “Now in its fifth consecutive year, EY’s global network and sector expertise help attract top-tier speakers and international delegates, elevate the programme, and translate insight into market action. “Hosted by the Bermuda business Development... Read more of this article
ABIR Members Employ Record Numbers
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] “employed a record number of Bermudians in 2024, as well as a new high annual contribution of $1,210,566,922 to Bermuda’s economy.” A spokesperson said, “These numbers were among the highlights of ABIR’s 20th Annual Economic Substance Survey, which saw... Read more of this article
Over 350 Attend 2025 ILS Convergence Event
Over 350 delegates from nine countries attended the 2025 ILS Convergence event in Bermuda for three days of “insightful discussion, innovation, and collaboration in the insurance-linked securities [ILS] sector.” A spokesperson said, “The annual ILS Convergence event, held from October 13–15, 2025, concluded with resounding success,... Read more of this article
James Mitchell Joins IQUW Bermuda
Specialty insurer and reinsurer IQUW Bermuda has announced the appointment of James Mitchell as Chief Underwriting Officer [CUO] with immediate effect, as the Bermuda operation continues its “strategic expansion across global reinsurance markets.” A spokesperson said, “Mitchell joins from Guy Carpenter, where he served as Managing... Read more of this article
AM Best Comments On Peak Re Credit Ratings
AM Best has commented that the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Peak Reinsurance Company Limited [Peak Re] [Hong Kong] and its subsidiaries, Peak Reinsurance AG [Switzerland] and Peak Reinsurance North America Ltd. [Bermuda], remain unchanged following the announcement that... Read more of this article
AM Best Affirms Credit Ratings Of IGI
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] of International General Insurance Co. Ltd., [IGICL] [Bermuda], International General Insurance Company [UK] Limited [IGIUK] [United Kingdom] and International General Insurance Company [Europe] Ltd. [IGI... Read more of this article
Fortitude Re And Carlyle Launch FCA Re
FGH Parent, L.P., a leading global reinsurance company, and global investment firm Carlyle announced the launch of reinsurance sidecar Fortitude Carlyle Asia Reinsurance Ltd. [FCA Re]. A spokesperson said, “FCA Re is a Class E licensed Bermuda-domiciled reinsurer established to accelerate Fortitude Re’s growth in the Asian life and annuity market.... Read more of this article
Premier To Speak At PwC Insurance Summit
Premier David Burt will join global industry leaders and tech innovators at the PwC Insurance Summit on November 12 at the Hamilton Princess, an event expected to draw over 300 attendees from more than 100 reinsurers and financial services firms. A spokesperson said, “The PwC Insurance Summit PwC is proud to announce a distinguished roster of... Read more of this article
