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Bermuda

Latest insight from the international reinsurance club

 

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

Conduit Re grows 2025 GWP to $1.2bn

Bermuda-based reinsurer’s combined ratio deteriorates to 101.5% driven by California wildfire losses

Reinsurance Bermuda

Specialty insurer Pinion launches backed by Barings Capital

Pinion will offer insurance capacity for managing general agents in the US, UK and Europe

Distribution People

MGA Helix enters London D&F market

PartnerRe backs Bermuda-based managing general agent’s London market entry

Property PartnerRe

Arch Capital trims Q4 combined ratio to 80.6% on lower cat losses

Bermuda-based carrier’s underwriting income rises by one-third to $827m in final three months of last year, with higher underwriting profit in insurance and reinsurance segments

Specialty Bermuda

Convex completes $7bn acquisition by Onex and AIG

Transaction ‘secures the long-term independence’ of Convex and ‘presents exciting strategic opportunities’, Bermuda-based carrier’s chairman Stephen Catlin says

Mergers and Acquisitions Specialty

Reinsurance pricing likely to decline further at June 1: Williamson

Florida renewals will see ‘interesting dynamic’ with continued demand for reinsurance cover set against an improving underlying insurance market, Everest chief executive says

Reinsurance Specialty

Axis Capital elevates Haugh to group COO

Group chief underwriting officer Dan Draper to take on additional responsibility as head of Axis Re

Insurance Reinsurance
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