
Bermuda
Latest insight from the international reinsurance club

SiriusPoint taps Fidelis for global claims head
Turner to join Bermuda-based re/insurer from Fidelis

Alternative capital ‘struggles to incorporate’ new technology
Insurance-linked securities companies do embrace new technology but have no way to co-ordinate efforts leading to a slower transaction cycle, Radix ILS chief, Hanni Ali, says

Axis to slow cyber reinsurance growth
Bermuda-based group will now be ‘highly selective and modest’ in its growth ambitions for the book as market conditions deteriorate, reinsurance chief executive says

IQUW expands Bermuda reinsurance portfolio
Carrier adds mortgage, credit and cyber reinsurance lines to Bermuda platform

Conduit Re promotes Hampton as CUO departs
Nick Pritchard to leave Bermuda-based reinsurer in February

Sompo acquires Aspen for $3.5bn
Acquisition of Bermuda-based re/insurer is part of the Japanese giant’s strategy to expand its P&C business outside the domestic Japanese market

Lockton appoints Bond to lead Bermuda P&C
Broker hires Marsh executive to oversee Bermuda property/casualty clients

Everest appoints Hay to board of directors
Former KPMG global head of insurance joins board of Bermuda-based re/insurer

Fidelis profits hit by aviation lessor court ruling
The re/insurer’s second-quarter combined ratio deteriorated to 103.7%, largely as a result of the recent English High Court ruling on stranded aircraft

Axis launches business for structured and multi-line capacity deals
Deals through Axis Capacity Solutions will be offered on both a facilitated and delegated basis

Aspen underwriting income surges 25% in Q2
Bermuda-based carrier posts improved combined ratios in both insurance and reinsurance segments

Lancashire execs Spence and Johnston to retire
Carrier makes string of promotions as John Spence and Hayley Johnston step down

Lancashire to continue diversifying business: Maloney
Lancashire posted $109.2m in insurance profit, down almost 50%

Lancashire reports higher revenue and lower profits in H1
Chief executive, Alex Maloney, cites ‘challenging loss environment’

Brit posts slight rise in first-half profit
Specialty carrier’s discounted combined ratio increases 16 points to 87.4%

Everest sees no impact yet from tariffs
Everest Group is becoming ‘more selective’ in some North America business, including property
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