Hashtag: #BermudaInsurance
Hamilton Insurance Announces Launch Of IPO
Hamilton Insurance Group, Ltd. announced today the launch of its initial public offering of 15,000,000 of its Class B common shares pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission [SEC]. A spokesperson said, “The offering consists of 6,250,000 Class B common shares offered by the Company and... Read more of this article
Talcott Financial Group Appoints New CEO
Talcott Financial Group announced today the appointment of Imran Siddiqui as CEO, effective immediately. A spokesperson said, “Talcott Financial Group, an international life insurance group and the insurance industry’s trusted partner for comprehensive risk solutions, today announced the appointment of Imran Siddiqui as the Chief Executive Officer... Read more of this article
ABIR Welcomes Andrew Mais & Gary Anderson
The Association of Bermuda Insurers and Reinsurers [ABIR] hosted a special reception to welcome U.S. National Association of Insurance Commissioners [NAIC] President-Elect Andrew Mais and Massachusetts Division of Insurance Commissioner Gary Anderson to Bermuda. A spokesperson said, “The leaders were on island to present at this week’s InsuranceERM... Read more of this article
White Mountains Launches WM Partners
White Mountains Insurance Group has launched White Mountains Partners, a wholly-owned division that offers institutional funding to businesses, led by John J. Daly as CEO and Managing Partner. A spokesperson said, “White Mountains Insurance Group, Ltd. [NYSE: WTM] today announced that it has launched White Mountains Partners [WM Partners], a new,... Read more of this article
PwC Insurance Summit Announced Speakers
PwC Insurance Summit, presented with the Financial Times today announced keynote speakers for its 9 November event. Moderated by PwC Bermuda’s insurance leadership and prominent FT journalists, Ian Smith and Robert Armstrong, the one-day in-person summit will delve into critical topics on the risk management agenda. A spokesperson said, ”Eric... Read more of this article
Radian Closes $353 Million Notes Transaction
Radian Group Inc. announced that its wholly owned subsidiary, Radian Guaranty Inc. has obtained $353 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2023-1 Ltd. A spokesperson said, “The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty from April 1 to December 31,... Read more of this article
AM Best Assigns Credit Ratings To Hagerty Re
Hagerty Reinsurance Limited, based in Hamilton, Bermuda, has received an “Excellent” A- Financial Strength Rating and an “Excellent” a- Long-Term Issuer Credit Rating from AM Best. The ratings agency said, “AM Best has assigned a Financial Strength Rating of A- [Excellent] and a Long-Term Issuer Credit Rating of “a-”... Read more of this article
Arch Insurance Appoints Matthew Smith
Arch Insurance [Bermuda] announced the appointment of Matthew Smith as Managing Director, with effect from 1 January 2024 following the retirement of Tony Hay. A spokesperson said, “In this role, Smith will be responsible for managing all aspects of Arch Insurance [Bermuda]’s direct insurance operations. He will report to Mike Lay, Chief Underwriting... Read more of this article
ABIR MOU With Association of British Insurers
The Association of Bermuda Insurers and Reinsurers [ABIR] and the Association of British Insurers [ABI] have agreed to work together on matters of mutual interest detailed in a Memorandum of Understanding [MoU]. A spokesperson said, “The agreement will build on the working partnership that exists between the Bermuda and UK markets, two leading... Read more of this article
ABIR@30 Lunch Forum Speakers Announced
The Association of Bermuda Insurers and Reinsurers [ABIR] will celebrate three decades of leadership and partnership at the ABIR@30 Lunch Forum on Tuesday, September 26. A spokesperson said, “ABIR announces a special leadership panel will present including Lloyd’s of London Fiona Luck; ABIR Chair & Hamilton CEO Pina Albo; Axis Capital Albert... Read more of this article
PwC On Larger Non-Life Legacy Deal Sizes
“The global non-life run-off market remains active, with US $9.4bn of estimated gross reserves transacted across 37 publicly announced deals in the 12 month period to the end of the first half of 2023,” PwC said. A spokesperson said, “Compared to the same period in the prior year, there is an almost identical total deal value [US $9.3bn... Read more of this article
Dive In Announces Ninth Consecutive Festival
Dive In, the insurance industry’s renowned festival for diversity, equity, and inclusion [DE&I], announced its ninth consecutive festival, taking place next week from the 26 to September 28, 2023, and registration is now open. A spokesperson said, “This year’s festival will revolve around the theme ‘Unlocking Innovation:... Read more of this article
Freisenbruch To Reopen Office Tomorrow
Freisenbruch Insurance Services announced that their office will close at 12.00pm today [Sept 14] and is scheduled to reopen at 1.00pm on Friday [Sept 15], contingent on when the EMO announces that it is safe to travel on the roads again. A spokesperson said, “As we prepare for the impacts of Hurricane Lee, we remain mindful of our obligations... Read more of this article
Government Announce Early Pension Payments
The Department of Social Insurance advised that “as a precautionary measure, pension benefit payments ordinarily made by direct deposit on September 15th, will be processed today, earlier than usual, due to any disruption due to Hurricane Lee.” A Government spokesperson said, “For those receiving pension cheques, they have been printed... Read more of this article
Marsh Appoints Michelle Sivanayson, Tanja Korff
Michelle Sivanayson has relocated to Bermuda from Canada to take on the role of Islands Practice Leader and Tanja Korff has been named Bermuda Client Services Leader role, Marsh announced today. A spokesperson said, “Marsh, the world’s leading insurance broker and risk adviser, announced today two Bermuda-based leadership appointments within... Read more of this article
Strong Attendance For 11th BILTIR Conference
The Bermuda International Long Term Insurers and Reinsurers [BILTIR] announced an “excellent attendance of 300 delegates across its 11th annual Bermuda International Life & Annuity Conference and supporting events.” A spokesperson said, “Held at Pier 6 in Hamilton, Bermuda the successful event featured a gathering of industry leaders... Read more of this article
