Jasmine Desilva – Horseshoe

ILS specialist Horseshoe hires BDA’s DeSilva

2021-06-23T16:50:00+01:00

Horseshoe Insurance Services has added Jasmine DeSilva as senior vice president, ILS strategic initiatives and business development.

Ariel Re – Bermuda

Ariel Re enters ILS market with $150mn Titania Re cat bond

2021-06-18T13:05:00+01:00

Ariel Re announced that it has sponsored its first 144A index-triggered catastrophe bond, issued by Bermuda special purpose insurer Titania Re Ltd.

Jonathan (Jonty) Davies – Lockton Re

Lockton Re confirms Aon’s Davies as Bermuda CEO

2021-06-16T06:35:00+01:00

Expansive reinsurance intermediary Lockton Re has confirmed the hire of Aon’s Jonathan ‘Jonty’ Davies as CEO of its recently launched Bermuda office, Lockton Re (Bermuda) Limited, a move first reported by this publication last year.

Erik Manning – Miller

Miller takes Peak Capital co-CEO Manning to head ILS unit in Bermuda

2021-06-10T12:36:00+01:00

Wholesaler Miller has named Erik Manning as head of ILS as the intermediary accelerates the build-out of its Bermuda platform under Charlie Simpson.

Ed Sweeney AlphaCat Bermuda

AlphaCat hires Elementum’s Sweeney

2021-06-09T14:08:25.41+01:00

AlphaCat has recruited underwriting executive Ed Sweeney from rival ILS fund manager Elementum Advisors in Bermuda, The Insurer can reveal.

G7 – Bermuda

Bermuda responds to G7 tax deal by stating right to sovereignty must be respected

2021-06-09T12:26:00+01:00

The G7’s historic agreement of a minimum global tax rate has potentially large implications for Bermuda, with the island’s finance minister hitting back by stating that any agreed framework “must respect a country’s right to sovereignty in relation to its tax system”.

IM-Aon-Sompo-NevilleWeston

Weston linked with Sompo role after Aon Bermuda exit

2021-06-08T22:05:00+01:00

Neville Weston has resigned from Aon’s Reinsurance Solutions business less than two years after joining as vice chairman of its Bermuda platform and is expected to make a move to Sompo International, The Insurer can reveal.

Nicholas Garside – Liberty Specialty Markets

Garside promoted to CUO of Liberty Specialty Markets Bermuda

2021-06-07T13:34:00+01:00

Liberty Specialty Markets Bermuda (LSM Bermuda) has appointed Nicholas Garside to the newly created role of chief underwriting officer, with the executive having previously led its property unit.

Ed Argo

Ed partners with Argo on wage and hour product

2021-06-04T13:18:00+01:00

Ed Broking has partnered with Argo Group to launch a digital wage and hour liability product through its Bermudian arm.

IM-Aspen-Reitzenstein

Aspen Capital Markets adds Bernina Re’s von Reitzenstein as portfolio manager

2021-06-02T19:51:00+01:00

Aspen has strengthened its newly formed Capital Markets platform with the hire of Bermuda-based Andy von Reitzenstein as a portfolio manager.

Vantage

Vantage continues insurance build-out and bolsters Bermuda operation

2021-05-28T12:43:00+01:00

Vantage Risk is progressing with the build-out of its Jack Kuhn-led insurance operation with a host of new hires from rivals including Arch, Aspen and Axa XL, while the start-up has also added to its Bermuda-based platform.

SOLD

Bermuda reinsurers’ share of ceded US mortgage market tops 50%

2021-05-27T13:53:00+01:00

Bermuda’s market share of the reinsurance market for US private mortgage insurers has now risen above 50 percent, according to the Association of Bermuda Insurers & Reinsurers (ABIR).

IM-ValidusRe-AIG

Validus Re upgraded to A+ by S&P on core importance to AIG

2021-05-27T01:13:00+01:00

Validus Re has been given a significant boost with the upgrade of its issuer credit (ICR) and financial strength ratings (FSR) from A to A+ by S&P as the agency said it expects AIG’s P&C reinsurance operations will become an increasingly important part of the group’s strategy.

Aspen

Cloutier: new Aspen branding represents “what we do and who we are”

2021-05-26T06:09:00+01:00

Bermudian (re)insurer Aspen has unveiled new branding that the company said emphasises its mission to bring “clarity from complexity” and which executive chairman and group CEO Mark Cloutier said represents “what we do and who we are today”.

Price Forbes

Price Forbes hires new Chilean leadership team from Aon; Bardon joins in Bermuda

2021-05-19T07:14:00+01:00

Price Forbes has made a double hire from Aon to lead its Chilean reinsurance operations as well as adding to its Bermuda team with the hire of retro specialist Nicolas Bardon.

Jonathan Zaffino

Ascot on strong growth trajectory as NA build-out bears fruit

2021-05-18T14:04:00+01:00

Ascot’s US and Bermudian platforms are on course to pass $1bn in combined premium volume this year, as the group sees opportunities for further organic expansion as well as targeted inorganic moves in areas where it can accelerate its entry, according to group president Jonathan Zaffino.

Ben Adolph – Leadenhall Capital*

Leadenhall backs new A rated Bermuda reinsurer Nectaris Re

2021-05-13T19:39:00+01:00

ILS fund manager Leadenhall Capital Partners is backing a new Bermuda reinsurer to provide an alternative rated platform for its clients while also reducing the structural problems associated with trapped collateral.

Selected listed Bermudian (re)insurer combined ratios Q1 2020-2021 i

Bermudians boosted by underlying CR improvements in Q1

2021-05-11T14:33:00+01:00

Bermuda felt the weight of elevated US catastrophe losses during the first quarter of 2021 but underlying combined ratios saw improvements on the back of continued rate increases, mirroring the trend seen among Europe’s major reinsurers.

Everest

Doucette to leave Everest Re with Williamson stepping in as reinsurance head

2021-05-10T20:49:00+01:00

John Doucette is leaving Everest Re to “pursue other opportunities”, with current executive vice president and COO Jim Williamson taking over as the head of the Bermudian’s reinsurance division with immediate effect.

Vantage

Vantage enters ILS market with $225m Vista Re cat bond

2021-05-07T14:10:00+01:00

Recent start-up Vantage Risk has sponsored its first 144A index-triggered catastrophe bond transaction Vista Re, which will provide the carrier with multi-year risk transfer capacity of $225mn to protect against named storm and earthquake risk in the US.