
Bermuda
Latest insight from the international reinsurance club

Axis closes landmark $75m cyber catastrophe bond
Bermudian carrier completes market's first 144A cyber bond with ‘broad investor support’ as the ILS market continues to open up to cyber risk

Fidelis reaps rewards from managing climate risk: Burrows
Bermudian re/insurer’s chief executive outlines how its year-to-date financial results are a reflection of a successful strategy that slashed catastrophe and large losses

Artex to rebrand cell facilities
Decision to rebrand Gallagher’s alternative risk and capital unit’s cell facilities to Artex Axcell seeks to ‘drive a consistent global approach’

Fortitude Re closes $28bn reinsurance deal with Lincoln National
Bermuda-based carrier reinsures a significant portion of Lincoln’s universal life insurance and fixed annuity business

Aspen swings to profit in Q3
Bermuda-based carrier posts third-quarter operating profit of $79m, driven by improved performance in reinsurance and insurance divisions

No sign of new capital: Brindle
Fidelis MGU chief executive, Richard Brindle, says pricing will continue to improve amid a lack of new capacity and the impact of climate change on secondary perils

Fidelis swings to Q3 profit as catastrophe losses plummet
Bermuda-based carrier posts third-quarter underwriting profit of $75m as combined ratio improves 35.1 points to 85.4%

Sompo International profits deteriorate in H1
Commercial re/insurer hit by higher catastrophe losses and increased operating costs as a result of inflation

IGI to continue reducing long-tail exposure
Specialty re/insurer plans to focus its book on more profitable reinsurance and short-tail segments

Hamilton nets $80m from IPO
Bermuda-based carrier will use the proceeds to write more business in its target re/insurance markets

IGI profits surge 29% in Q3
Bermuda-based re/insurer reports operating profits of $36.3m in third quarter of the year as results in specialty short-tail and reinsurance lines improve

James River to explore sale and other strategic options
Now 'appropriate' to explore a range of potential strategic alternatives to maximise shareholder value, Bermuda-based carrier's chairman says

Hamilton IPO prices below target
Bermuda-based re/insurer’s initial public offering priced at $15 a share

Investments lift James River to Q3 profit
Combined ratio rises to 96.2% as casualty reinsurance loss offsets improved results in E&S lines and specialty insurance

Casualty reinsurance could harden further in 2024: Lancashire
Claims from previous soft market years are starting to emerge which could force some carriers to increase reserves, the Bermuda-based re/insurer's chief executive says

Ardonagh appoints Marsh deputy CEO for Bermuda
Marsh joins from Gallagher Re, where he was head of the Bermuda office
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.