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Bermuda

Latest insight from the international reinsurance club

 

Hiscox plans wider roll-out of AI underwriting

Firm to extend AI-enhanced underwriting to all open market lines within its London market business

Technology Hiscox

Axis confirms Kirk as chief financial officer

Former Enstar executive Matthew Kirk succeeds Peter Vogt

Bermuda Axis Capital

Pinion taps Aspen’s Jones for CFO as build-out continues

Newly launched specialty insurer hires Aspen Insurance executive Chris Jones to lead its finance function

Specialty People moves

Catlin stands down as Convex chairman

Re/insurer's co-founder to remain on company's board as life president, as Onex's Bobby Le Blanc appointed chairman

Bermuda Convex

Starr completes purchase of IQUW Group

Transaction creates ninth-largest Lloyd’s managing agency and provide US firm an entry into Bermuda reinsurance market

Mergers and Acquisitions Lloyds

The Fidelis Partnership premiums rise to $5.4bn in 2025

Expansion of Lloyd’s platform drives growth at Bermuda-based underwriting group

Lloyds London

Gibbs to exit as SiriusPoint unveils major reorganisation

Reinsurer creates global P&C programmes and London market specialty divisions

Lloyds People moves

Reinsurers face challenge of sustaining strong performance: EY

Bermuda arm of professional services firm describes how C-suites could navigate a new cycle in the reinsurance market

Bermuda Reinsurance

QBE opens primary insurance business in Bermuda

QBE has reinsurance and captives businesses on the island

People moves Bermuda

Lancashire reports $293.4m in 2025 profits

Alex Maloney, Lancashire’s group CEO, expects the insurer to maintain ‘rate adequacy’ in 2026

Bermuda Specialty

Fidelis returns to Q4 profit on lower cat losses and reserve releases

Bermuda-based carrier reports fourth quarter underwriting income of $106.8m and reveals rebrand to Pelagos Insurance Capital

Reinsurance Bermuda

Hiscox ‘does not need M&A’: Hussain

Chief executive ‘confident’ of 8% growth in 2026 without need for deal-making, despite softening rates

London Bermuda

Hiscox pre-tax profit rises to record $732m

London-listed carrier trims combined ratio to 87.8% as profits rise in all divisions 

Hiscox Bermuda

Sompo completes $3.5bn Aspen acquisition

Mark Cloutier steps into advisory role as Aspen’s Stanford named Sompo UK chief executive

Sompo International Mergers and Acquisitions

Price Forbes names Davies head of property

Former Lockton and JLT executive joins Ardonagh-owned specialty broker’s Bermuda operation

Property People moves

Convex books record full-year profit of $711m

Bermuda-based carrier’s gross written premiums approach $6bn in sixth year of operation

Bermuda Specialty
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