Hashtag: #BermudaInsurance
Mosaic Insurance Appoints Taylor Denier
Mosaic Insurance has appointed Taylor Denier to lead growth of its US environmental liability business as the division expands globally to meet rising demand. A spokesperson said, “Denier joins the specialty insurer’s New York office as SVP, Head of US, Environmental Liability, reporting to Global Head Jim Finnamore and is responsible for leading... Read more of this article
Catalina Re Staff Donate To TLC Centre
Catalina Re staff decided to forego Christmas gift exchange and instead donated funds which were company matched, allowing Catalina’s ESG Committee to purchase much needed items from the Transformational Living Centre’s Wish List. “The Transformational Living Centre supports women and their families, and our staff and ESG Committee felt, particularly... Read more of this article
Catalina Re Donates To Friends Of Hospice
Catalina Re has made a $10,000 donation to the Friends of Hospice [FoH]. Catalina Re’s ESG Committee Chair and Group Treasury Manager, Tina Rego, said: “Given the profound affect Friends of Hospice has had in our community over the past 29 years, Catalina is highly supportive of contributing to their cause.” “The sole mandate of... Read more of this article
Ariel Re Donated $195,000 To Charity In 2023
Ariel Re, a global reinsurance business with offices in Bermuda, London, and Hong Kong, has announced it donated $195,000 to charities in 2023 – almost double the sum donated in 2022. A spokesperson said, “The company assisted twenty-four charities through its Bermuda and London offices, including amounts given via tag days, sponsorships, and... Read more of this article
AM Best Assigns Berking Re With Stable Outlook
AM Best has assigned the Financial Strength Rating of B [Fair] and the Long-Term Issuer Credit Rating of “bb+ [Fair] to Berking Re Limited [Bermuda]. The outlook assigned to these Credit Ratings is stable. The ratings agency said, “The ratings reflect Berking Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate... Read more of this article
Miller Adds Chris Board To Its Reinsurance Team
Chris Board has joined Miller’s reinsurance team, bringing over twenty years of experience in international property and specialty lines. A spokesperson said, “Miller, the leading specialist [re]insurance broker, is pleased to announce the appointment of Chris Board to its reinsurance team. “Chris brings over twenty years of reinsurance... Read more of this article
AM Best Affirms Brit Reinsurance Credit Ratings
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Brit Reinsurance [Bermuda] Limited [Brit Re] [Bermuda]. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Brit... Read more of this article
SiriusPoint & Nirvana Announce Partnership
Global specialty insurer and reinsurer SiriusPoint Ltd. and AI-powered insurance provider Nirvana Insurance announced a strategic partnership. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint or the Company] [NYSE: SPNT], a global specialty insurer and reinsurer, and Nirvana Insurance [Nirvana], an AI and Technology-powered insurance provider... Read more of this article
ABIR Sponsors Foundational Insurance Course
For the fourth successive year, the Association of Bermuda Insurers and Reinsurers [ABIR] will sponsor a foundational course providing students and the Bermudian public with free access to education about Bermuda’s re/insurance industry. A spokesperson said, “ABIR is once again partnering with Bermuda College and the Maurice R. Greenberg School... Read more of this article
LOM Financial Share Purchases In December
In a filing with the Bermuda Stock Exchange, LOM Financial Limited has stated that the Company purchased a total of of 25,000 shares at an average price of $5.48. The full filing stated, “In a filing with the Bermuda Stock Exchange [BSX], – LOM Financial Limited [the “Company"; Ticker: LOM.BH], has announced that the Company purchased a total... Read more of this article
SiriusPoint & ProVerity Announce Partnership
SiriusPoint Ltd. and and program administrator ProVerity Underwriters announced a “new strategic partnership.” A spokesperson said, “As a provider of capacity, SiriusPoint will work closely with ProVerity to develop customized solutions for the professional liability market. “Based in Philadelphia and founded in 2023, ProVerity... Read more of this article
ABIR Members Contribute $815M To Economy
Members of the Association of Bermuda Insurers and Reinsurers [ABIR] recorded a “total direct contribution of $815 million to the local economy from member companies in 2022 — representing an increase of 13% over 2021,” the organisation said. A spokesperson said, “ABIR members’ economic contributions in 2022 include salaries and... Read more of this article
BILTIR Executives Attend NAIC Fall Meeting
Bermuda International Long Term Insurers and Reinsurers [BILTIR] executives were in Orlando, Florida, for the 2023 National Association of Insurance Commissioners [NAIC] Fall National Meeting [the Meeting]. A spokesperson said, “Executive Director Christine Patton and Executive Advisor The Hon. Curtis Dickinson JP, MP attended the meeting, which... Read more of this article
Fidelis Insurance Appoints Miranda Hunter
Fidelis Insurance Holdings Limited announced the appointment of Miranda Hunter as Head of Investor Relations. A spokesperson said, “In this new role, Ms Hunter will be responsible for leading Fidelis Insurance Group’s engagement with the investment community. Ms Hunter, who is based in Bermuda, will report to Fidelis Insurance Group’s Chief... Read more of this article
AM Best Affirms Credit Ratings Of Orion
AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] for Orion Reinsurance [Bermuda] Ltd. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of B+ [Good] and the Long-Term Issuer Credit Rating of “bbb-” [Good] of Orion Reinsurance [Bermuda]... Read more of this article
AM Best Affirms Credit Ratings Of Conduit
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] for Conduit Reinsurance Limited [Conduit Re] in Bermuda. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent]... Read more of this article
