Articles
Insurance
Bermuda-based White Mountains Insurance Group has agreed to acquire a majority stake in NSM Insurance Group, a US-based specialty insurance programme administrator, for approximately $388 million. 3 April 2018
Insurance
Brian Boornazian, the chairman of Aspen's reinsurance segment and CEO of Aspen Re Americas, is to retire at the end of April. 29 March 2018
Alternative Risk Transfer
Cybersecurity is a generational exposure, according to Rick Welsh, CEO of Sciemus, but Bermuda has a chance to lead in dealing with it—and ILS could have a part to play. 29 March 2018
Alternative Risk Transfer
2017 was a record-breaking year for ILS—and Bermuda again led from the front in terms of being both the domicile of choice for the special purpose vehicles issuing ILS and a hub of innovation for new structures and risks. 28 March 2018
Insurance
Bermuda-based Third Point Re has not made an underwriting profit in the past five years but CEO Robert Bredahl has now revealed a strategy to improve underwriting performance and push the combined ratio below 100 percent. 28 March 2018
Insurance
Bermuda-based AXIS was hit hard by natural catastrophes 2017 but CEO Albert Benchimol believes that the financial impact of the year’s challenges on the company do not explain the 23 percent drop in the firm’s share price and suggested that it was further exacerbated by questions relating to the Novae acquisition. 27 March 2018
Alternative Risk Transfer
Bermuda-based mortgage insurance provider Essent Group has closed a $424.4 million reinsurance transaction and related mortgage insurance-linked notes offering. 26 March 2018
Insurance
Claude Lefebvre, chief underwriting officer, partnerships & casualty reinsurance at Hamilton Re and co-founder of the company is leaving the firm “to pursue other interests,” according to a company statement. 23 March 2018
Insurance
Bermuda-based specialty re/insurer Argo has launched a new wage and hour (W&H) liability insurance cover underwritten by its professional lines team in Bermuda. 23 March 2018
Insurance
American International Group (AIG) is raising $2.5 billion in debt as it prepares the funding for the acquisition of Bermuda-based Validus Holdings. 22 March 2018
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