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Insurance
Bermuda-based property and casualty insurer Ironshore has filed its intention to list with the Securities and Exchange Commission ahead of an initial public offering (IPO) this summer. 18 June 2014
Insurance
EY has promoted Pete Cangany to senior partner for Bermuda. He will lead the practice with diverse responsibilities within the group. 17 June 2014
Insurance
Validus Holdings, the Bermuda-based reinsurer, is reportedly close to an agreement to acquire Western World Insurance Group, a specialty US insurer, in a deal that could be worth $600 million. 16 June 2014
News
TransRe, the reinsurance arm of Transatlantic Holdings, has registered a fifth sidecar on Bermuda. 16 June 2014
News
The amount of reinsurance ceded offshore by US insurers increased again in 2013 with Bermuda the most common domicile for offshore reinsurers used. Proportionally, the usage of unaffiliated reinsurers by US insurers also increased more. 10 June 2014
Insurance
CTC Insurance Management, a Bermuda-based subsidiary of Charles Taylor, has appointed William Wood, formerly of Nissan Global Reinsurance, as its chief operating officer (COO). 9 June 2014
Insurance
Hamilton Insurance Group, the holding company of Bermuda-based property casualty reinsurer Hamilton Re, has appointed William Freda, formerly of Deloitte, to its board of directors. 6 June 2014
Insurance
Bermuda-based OneBeacon has appointed Elliot Konschak, formerly of QBE, as president of OneBeacon crop insurance. 4 June 2014
Alternative Risk Transfer
BNY Mellon has been appointed indenture trustee, reinsurance trustee, registrar and paying agent for the $450 million Kilimanjaro catastrophe (CAT) bond transaction sponsored by Everest Re. 3 June 2014
Insurance
The Association of Bermuda Insurers and Reinsurers (ABIR) has told US and State governments that non-essential insurance programmes, such as the National Flood Insurance Program, should be moved to the private sector. 27 May 2014
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