Bermuda
Latest insight from the international reinsurance club
Convex books record full-year profit of $711m
Bermuda-based carrier’s gross written premiums approach $6bn in sixth year of operation
Conduit Re grows 2025 GWP to $1.2bn
Bermuda-based reinsurer’s combined ratio deteriorates to 101.5% driven by California wildfire losses
Specialty insurer Pinion launches backed by Barings Capital
Pinion will offer insurance capacity for managing general agents in the US, UK and Europe
MGA Helix enters London D&F market
PartnerRe backs Bermuda-based managing general agent’s London market entry
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
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
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
Axis Capital elevates Haugh to group COO
Group chief underwriting officer Dan Draper to take on additional responsibility as head of Axis Re
Price Forbes expands Lectio platform to Bermuda
Broker adds $85m Bermuda property capacity to cross-class follow facility
Axis Capital underwriting profit climbs 42% in Q4
Bermuda-based carrier trims combined ratio 3.8 points to 90.4% as catastrophe losses fall
Bermuda regulator consults on new parametric insurer class
BMA business plan focuses on group supervision, climate risk and investments
The Fidelis Partnership names broker relationships head
Khan will work with both the Fidelis Partnership and Pine Walk MGAs on the firm’s broker strategy
Aon inks Bermuda excess casualty facility
Chubb-led facility will target growing US construction industry
Everest appoints facultative and hybrid reinsurance leadership
Bermuda-based carrier appoints Michael Cellura and Trevor Gallagher to senior roles
Brit launches property D&F in Bermuda
Launch will focus on complex US risks across industrial, manufacturing and realty classes
Gallagher Re names Cobon head of strategic solutions in Bermuda
Appointment forms part of broker’s wider investment in Bermuda, with a focus on capital structuring and investor engagement
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