As the industry digests the revelations from last week’s international Dive In festival – insurance’s biggest event promoting D&I to date – Argo’s head of insurance in Bermuda, William Wharton, shares the benefits leaders can affect by fostering a diverse and inclusive workforce…
For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.
Markel CatCo portfolio managers Rick Montgomerie and Charlie Vaughan are to depart from the retro fund manager and set up a new specialist ILS investment manager and fund with backing from Markel – Chard Re Investment Management (Chard Re).
Long serving energy underwriter Graham Kirk has left Bermudian carrier Oil Casualty Insurance Limited (OCIL) after the best part of two decades with the carrier, The Insurer can reveal.
Global interdealer broker Tullett Prebon has finally completed its first Insurance-Linked Notes (ILN) transaction following the formation of the platform late last year with the ILS arm of asset manager LGT one of the counter-parties.
Broking giant Aon is talking to insurers about fixing standard commission levels by line of business and placement geography for US commercial risk, The Insurer can reveal.
Specialty (re)insurer Brit is meeting with ILS investors as it looks to raise funds to upsize its third-party capital platform, including collateralized reinsurance fund Sussex Capital and sidecar Versutus, The Insurer can reveal.
Brit has secured an A financial strength rating from AM Best for the Bermudian platform it will use to expand its reinsurance portfolio in 2020 with a focus on US casualty excess-of-loss (XOL) business.
Brent Slade has been named president of Markel’s new retro ILS fund Lodgepine Capital Management Limited, joining from Hamilton Capital Partners.
Bermuda schools and businesses – including the offices of (re)insurers, brokers and ILS funds – were closed today as the island bunkers down for a glancing blow from Category 3 Hurricane Humberto.
Apollo-owned Aspen Insurance Holdings has named former Validus executive Jonathan Ritz to the newly created role of group president.
S&P believes convergence capital will continue to flow to ILS funds, despite high losses in the past two years and trapped capital, with the ratings agency also expecting more funds to explore setting up rated carriers.
Liberty Specialty Markets has promoted Nicholas Garside to the role of head of Bermuda property.
London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.
Everest Insurance has hired former JLT executive Kyle Adams to head up its new Bermuda insurance platform.
Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.