Hashtag: #MikeMcGavick
McGavick Elected Geneva Association Chairman
Leaders of the world’s top insurers elected XL CEO Michael McGavick as Chairman of The Geneva Association with immediate effect. Mr McGavick takes over from Dr Nikolaus von Bomhard who steps down by statutory requirement after four years as Chairman. Mr McGavick was proposed to the Membership by The Geneva Association’s Board of Directors and received... Read more of this article
McGavick Elected ABIR Board of Directors Chair
The Association of Bermuda Insurers and Reinsurers [ABIR] has elected its new officers for a two year term beginning on January 1, 2013. Mike McGavick, CEO of XL Group plc was elected as Chair of the ABIR Board of Directors. He succeeds Arch Capital Limited’s President and CEO Constantine Iordanou who has now completed a two year term as ABIR Chair. Elected... Read more of this article
McGavick Will Not Run For U.S. Senate
Mike McGavick, chief executive of Bermuda-based re/insurer XL , has no plans to stand for election to the U.S. Senate next year, according to a Reuters report. “I have no political ambitions whatsoever, my ambitions are all about what XL can become,” he told Reuters. “We’re having a lot of fun, it’s a great time in the... Read more of this article
Despite Chile XL Records $128 Million Net Income
Despite suffering what CEO Mike McGavick termed the “heaviest levels of first quarter catastrophe activity in history” one of Bermuda’s largest reinsurers XL Capital Ltd today reported net income of $128 million, or $0.37 per ordinary share for the period ended March 31, 2010. The 2010 first quarter results are a drop from 2009, which... Read more of this article
XL Capital Seen As Possible Acquisition Target
One of Bermuda’s biggest reinsurance companies has takeover rumours swirling around it, as investors and analysts said today [Apr 13] that XL Capital may be an acquisition target as weak prices in the business fuel more deals. One of the main names being put forward as a possible acquirer is Germany’s Munich Re, one of the world’s... Read more of this article
Bermuda Insurance Institute Names Award Winners
The Bermuda Insurance Institute [BII] has announced David Ezekiel, Mike McGavick, and Kirsten Faria as winners of the Insurance Industry Awards. The recipients will be honored at a gala dinner to be held on May 29, 2010 at the Fairmont Hamilton Princess. David Ezekiel The Lifetime Achievement Award recognizes a person who has distinguished his/herself... Read more of this article
Roger Crombie’s World Insurance Forum Reports
Riskandinsurance.com has two great articles on the 2010 World Insurance Forum [WIF] which was held in Bermuda earlier this week. They are written by veteran business writer Roger Crombie, a premiere writer in the insurance and business fields who has published countless articles internationally. With an offbeat style combined with extensive knowledge,... Read more of this article
XL Capital: Losses Could Top $200 Million
With combined estimates of Bermuda based [re]insurers losses already well over a billion dollars, the number continues to soar as Bermuda based insurance company XL Capital Ltd estimate their losses could top $200 million. The Company’s preliminary loss estimates related to the Chilean Earthquake, pretax and net of reinsurance and reinstatement... Read more of this article
Highlights of the 2010 World Insurance Forum
The ‘whos who’ of the Reinsurance world descended upon Bermuda for the 2010 World Insurance Forum [WIF], which concluded on March 16. Video footage of WIF is available here for viewing, with a wide variety of interviews and presentations all presented in very high quality. Below are links, reports, tweets and more about the forum. Insurers... Read more of this article
World Insurance Forum to be Webcast Free Today
The World Insurance Forum [WIF] will be webcast free online today and tomorrow. Held at the Tuckers Point Club, the seminar will discuss the critical issues with which the international [re]insurance industry is confronted. You may send in questions to info@worldinsuranceforum.com for the panelists to answer during the session. The Reinsurance Magazine... Read more of this article
30 Top Speakers at Bermuda Insurance Summit
The Insurance Day Summit will be held on June 15/16 at the Fairmont Hamilton Princess, and already features an extremely impressive array of speakers. There are over thirty of the best business minds in the insurance field scheduled to speak so far… full list below: Albert Benchimol – EVP and Chief Financial Officer, Partner Re Beat Holliger... Read more of this article
