Bermuda
Latest insight from the international reinsurance club
Lancashire reports strong H1 profit growth
Premium value falls about 3% as Lancashire pulls back in reinsurance
Axis Capital posts $251m net income as combined ratio rises to 93.1%
Net income increased 16% and gross written premium rose 6%, although the combined ratio deteriorated amid higher acquisition costs, property market softening and greater competition in casualty lines
Banyan Risk launches digital assets and emerging risks product
New offering includes directors’ and officers’ liability, professional liability and crime cover for businesses operating across emerging technology sectors
Bermuda proposes allowing stablecoin use by insurers
The BMA says it is consulting on the use of high-quality fiat stablecoins for several insurance functions
SiriusPoint names Yoo COO
Yoo previously led global operations, technology and transformation within Zurich’s travel insurance businesses
Everest promotes Hanrahan to global distribution and chief commercial officer
Executive will lead Bermuda-based carrier's global distribution strategy and commercial relationships across its re/insurance businesses
Fidelis launches casualty reinsurance MGA
Adroit Underwriting will focus on US casualty reinsurance for small and medium-sized enterprise risks
Compre appoints Taylor as managing director of underwriting
Taylor will be responsible for leading the group’s retrospective reinsurance activities
Everest launches $600m casualty sidecar
Bermuda-based carrier partners with investment firm Stone Point on Annapurna Re vehicle
Willis Re names Ogilvie global head of non-marine specialties
Both Ogilvie and Dart join Willis Re from Guy Carpenter
Banyan Risk launches healthcare liability line in Bermuda
New line will focus on complex US healthcare professional liability risks, including hospitals and allied health providers
Willis Re appoints Guy Carp’s Fletcher as Bermuda chief
Former Guy Carpenter Bermuda chief executive joins reinsurance broking joint venture
Miller names Stubbings Bermuda chairman
Industry veteran will support Miller’s reinsurance and retrocession growth proposition in Bermuda
IGI approved for India GIFT City branch
New branch office will write facultative and specialty treaty reinsurance
Howard Hughes completes Vantage purchase
US investment group acquires Bermuda-based re/insurer for $2.1bn
Convex launches specialty MGA Kinetic
Kinetic Insurance Services will write complementary portfolio of business and provide access to ‘new and emerging markets’
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