Hashtag: #BermudaInsurance
Carey Olsen Acts For RenRe On $3B Acquisition
Carey Olsen has acted as Bermuda legal advisor to RenaissanceRe Holdings Ltd on its $2.985 billion acquisition of American International Group Inc.’s [AIG] treaty reinsurance business. A spokesperson said, “AIG’s treaty reinsurance business includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd and its... Read more of this article
BHEC CEO On Argus Buying Part Of BF&M
Following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M, Bermuda Health Council CEO Dr Ricky Brathwaite said that “while the transaction centers on company shares, we are monitoring the potential implications for the health insurance market and service provider consolidation.” Dr Brathwaite,... Read more of this article
Legal & General Appoints Caroline Foulger
Legal & General today announces the appointment of Caroline Foulger as an Independent Board and Committee Member for Legal & General’s Bermuda based companies, global reinsurance providers for pension risk transfer businesses. A spokesperson said, “Caroline is a non-executive director with extensive experience in the financial services industry.... Read more of this article
AM Best Assigns Credit Ratings To Somerset Re
AM Best has assigned a Financial Strength Rating [FSR] of A- [Excellent] and a Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] to Somerset Reinsurance Company [SRC] [Orlando, FL]. The outlook assigned to these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect SRC’s balance... Read more of this article
Treefrog Consulting Announces New Services
Treefrog Consulting announced “new services specifically designed to help organizations in the Insurance, Reinsurance, and ILS sector meet Bermuda Monetary Authority’s [BMA] new Insurance and Cyber Codes of Conduct regulations coming into effect on September 1, 2023.” A spokesperson said, “The BMA regulations necessitate the... Read more of this article
AM Best Affirms Credit Ratings Of Hamilton Re
AM Best has affirmed the Financial Strength Ratings of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Hamilton Re, Ltd. [Hamilton Re] [Pembroke, Bermuda] and Hamilton Insurance Designated Activity Company [Dublin, Ireland], each a wholly owned subsidiary of Hamilton Insurance Group, Ltd. [Pembroke, Bermuda]. The ratings... Read more of this article
Monument Re Acquires Portfolio From Integrale
Monument Re announced today that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. [MAL] reached an agreement with Integrale Luxembourg to acquire its closed book portfolio of long term life insurance business. A spokesperson said, “The portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically aligned... Read more of this article
AM Best Affirms Credit Ratings Of Nectaris Re
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” [Excellent] of Nectaris Re Ltd. [Nectaris Re], the operating subsidiary of Nectaris Holdings Ltd. [both domiciled in Bermuda]. A statement from the ratings agency said, “The ratings reflect Nectaris Re’s [the Company] balance... Read more of this article
AM Best Affirms Credit Ratings Of Lumen Re
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Lumen Re Ltd. [Lumen Re] [Bermuda]. A statement from the ratings agency said, “The ratings reflect Lumen Re’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance,... Read more of this article
Fortitude Re’s Tokyo Representative Office
Fortitude Re announced the opening of its Tokyo Representative Office and appointment of Hajime Kawafuji as its Chief Representative. A spokesperson said, “Mr. Kawafuji is a leader in the Japanese business community, with a broad range of investing and advisory experience across several industries. He joins Fortitude Re from global investment... Read more of this article
Mosaic Joins Inaugural GW Cybersecurity Forum
Mosaic’s Co-CEO Mitch Blaser and Global Head of Cyber Yosha DeLong led expert panels at an inaugural forum of government and industry cybersecurity leaders hosted by George Washington University. From left, Mosaic Global Head of Cyber Yosha DeLong, GW President Mark Wrighton, Mosaic Co-CEO Mitch Blaser, and Anuj Mehrotra, Dean of the GW School of... Read more of this article
NAIC Conference: Bender To Represent Bermuda
Shannon Lowry Bender, Deputy Chair of ABIR’s Policy Committee and EVP, Group General Counsel and Corporate Secretary of RenaissanceRe Holdings Ltd., will represent Bermuda’s leading international re/insurers at the NAIC International Insurance Forum 2023 on May 18-19 in Washington, D.C. A spokesperson said, “The forum is the flagship annual... Read more of this article
