Bermuda

ABIC names Aspen’s Dunleavy chairperson, succeeding Tannock

The Association of Bermuda International Companies has appointed Christian Dunleavy, group president of Aspen, as its new chairperson, succeeding Patrick Tannock.

Vantage Group promotes Granda to head of political risk and credit

Vantage Group Holdings has promoted Lila Granda to head of political risk and credit, effective immediately.

Premier Burt reinforces Bermuda as “the world’s insurance capital”

During a recent trip to London, Premier David Burt reinforced the island’s commitment to innovation, transparency, and cooperation with European policymakers, in order to maintain Bermuda’s reputation as a global leader in (re)insurance.

Pritchard returns to UW role at Conduit after Aon stint

Former Validus Re, Neon and Vantage Risk underwriting executive Nick Pritchard has joined Conduit Re, returning to the carrier side of the business after spending two years at Aon in Bermuda.

Gallagher launches DeSilva-led Bermuda specialty unit

Gallagher has launched a new Bermuda specialty insurance business led by managing director Jasmine DeSilva.

Arcadian eyes balance sheet platform to support growth after passing $1bn GWP mark

Arcadian Risk Capital is weighing options to launch a balance sheet platform, including a potential rated Lloyd’s or Bermuda vehicle, and is engaging (re)insurers to add to its existing capacity panel as it looks to onboard new underwriting teams, The Insurer can reveal.

MultiStrat names Forness group CEO, promotes James and Grealy

Bermuda-based reinsurance and capital advisory firm MultiStrat has named Bob Forness group CEO, promoted Kier James to chief underwriting officer, and handed Patrick Grealy an expanded role leading portfolio and performance management.

Amwins hires Foden-Pattinson and Brasier in portfolio transfer from Price Forbes Re

Amwins has added Nick Foden-Pattinson and Jeremy Brasier along with a number of their colleagues from Price Forbes Re’s Equinox Re platform to focus on sourcing primary and reinsurance capacity in support of the intermediary’s underwriting platform, The Insurer can reveal.

Aon bolsters Bermuda reinsurance capabilities with five appointments

ABIR members grew GWP 18% to $171bn in 2023

Members of the Association of Bermuda Insurers and Reinsurers reported an 18 percent year-over-year increase in gross written premiums in 2023 to more than $171bn.

Lockton Re unveils Lynn-led global agriculture practice in Bermuda

Lockton Re has strengthened its Bermuda office with the appointment of Kristopher Lynn as senior broker and practice leader for its new global agriculture unit.

Ascot builds out third-party capital capabilities with Leadline launch

Ascot Group has expanded its third-party capital capabilities with the launch of a new dedicated platform through which it has partnered with institutional investors to provide collateralised reinsurance coverage for its global property portfolio through a Bermuda special purpose insurer.

Hurricane Ernesto knocks out power in Bermuda but major damage avoided

Hurricane Ernesto knocked out power, downed trees and flooded parts of Bermuda on Saturday but the Atlantic insurance hub appeared to escape major injuries or property damage, officials said after an initial assessment.

Bermuda roundtable: Reinsurers’ discipline holds in strong trading environment with challenges

Leading executives suggested during a roundtable discussion held by The Insurer in association with Lloyds Bank that the discipline shown by reinsurers at mid-year renewals will be sustained heading into the next year, although the disconnect between insurance and reinsurance in property will become a larger issue and reserve increases in casualty are also causing concern.

Bermuda roundtable: (Re)insurers now taking a more coordinated approach to financing and underwriting

A panel of Bermuda leaders and Lloyds Bank executives discussed the fundraising environment – including a contrast between the strong debt issuance environment and a buyer’s market attitude for IPOs – as well as the incoming tax regime in Bermuda during a roundtable held by The Insurer.

IGI CEO: Challenged aviation and upstream energy markets have “a lot to think about”

The CEO of International General Insurance Holdings has told this publication that the aviation and upstream energy markets are challenging but short-tail lines are mostly performing well, while long-tail lines continue to be under pressure.

CEO Egan: SiriusPoint “planting seeds” for growth as next step in transformation

SiriusPoint CEO Scott Egan highlighted the second quarter as an “inflection point” in the group's growth trajectory after premiums rose by 22 percent, while also touting the increasing “consistency” of the firm’s results.

Gallant joins Aon’s Marilla Investment Management as COO

Former Canopius Bermuda CFO Teresa Gallant has joined Aon subsidiary Marilla Investment Management as chief operating officer.

Darag offloads NA and Bermuda entities to RiverStone Group

Legacy acquirer Darag Group has agreed to sell its North American and Bermuda business entities to Fairfax Financial-owned RiverStone Group in a deal expected to close by year-end.

Hamilton’s CR improves to all-time low of 84.4% in Q2

Hamilton Insurance Group grew Q2 gross premiums written by 19.5 percent to $603.3mn, in a quarter that the (re)insurer’s CEO described as “outstanding” and which included “an all-time low” combined ratio of 84.4 percent.

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