Bermuda
Latest insight from the international reinsurance club
IGI trims COR to 76.5% in Q3
Underwriting income climbs 25% to $51.4m in the three months to the end of September
Conduit Re books 8.5% premium growth
Bermuda-based reinsurer says premium growth expected to ‘moderate’ amid portfolio repositioning
Marine and aviation support Lancashire 9M premium growth
Chief executive Alex Maloney says pricing remains ‘healthy’ as London-listed specialty carrier’s gross written premiums climb 7.4% to $1.8bn in first nine months of the year
Conduit names Postlewhite CUO
Bermuda reinsurer hires McGill and Partners' head of capital solutions Stephen Postlewhite to oversee underwriting
SiriusPoint CEO Egan pleased with carrier’s ‘upward trajectory’
Scott Egan stresses role of A&H and surety business, and MGAs in managing volatility
The Fidelis Partnership launches second Lloyd’s syndicate
Syndicate 2126 will be backed by a three-year capacity deal with Blackstone
SiriusPoint core income rises 15% in Q3
Bermuda carrier’s combined ratio rises 0.6 points to 89.1%
Jamaica could see $1bn-plus in Melissa insured losses: Gallagher Re
Considerable uncertainty still surrounds losses, broker says, as hurricane heads for Bermuda
Onex and AIG to acquire Convex in $7bn deal
Onex will reinvest as majority shareholder while AIG will take a new minority stake in Bermuda re/insurer
Rating agencies adopt negative outlook on Everest
Moody’s and AM Best express worries about Bermuda-based group’s casualty reserves and new business plan
Axis trims COR to 89.4% as Q3 profits rise
Bermuda-based carrier books third-quarter operating profit of $255m as insurance profits surge
Starr to buy IQUW Group
Deal will create ninth-largest managing agency at Lloyd’s and provide US firm an entry into Bermuda reinsurance market
S&P Global upgrades IGI rating to A
Rating agency cites carrier’s ‘strong track record’ and low combined ratios
Insured losses could exceed $5bn as Melissa slams Jamaica
Low insurance penetration limits exposure, most of which will fall on reinsurers, analysts say
Everest refocuses with renewal rights deal and $1.2bn reserve cover
Bermuda-based group sharpens insurance focus on global wholesale and specialty lines
Everest Q3 profits halve amid US casualty reserve deterioration
Bermuda-based carrier adds $500m to US casualty reserves and inks $1.2bn adverse development cover
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