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Klaus Sapelza has been appointed chief underwriting officer and Mario Spescha has been named chief operations officer at Bermudian-based Lumen Re. Both were formerly part of the ILS team at LGT Capital Partners in Switzerland. Lumen Re serves as a co...

Envelop Risk, the global specialty cyber underwriting firm, has launched Bermudian-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross. The company said the practice, announced Tuesday at Rendez-Vous de ...

The hard insurance market’s fuelling of growth in the captive insurance market may be reflected in the latest registration figures announced by the Bermuda Monetary Authority. The BMA has confirmed the registration of nine insurers in August, taking ...

Growth in global insurance, and the subsequent naturally occurring expiry or capital exit are reasons for an increase in the global non-life run-off market. Estimated liabilities rose 11 per cent to $960bn since the beginning of 2021, according to Pw...

HSCM Bermuda has promoted Rachel Bardon to deputy chief investment officer, and Gokul Sudarsana to chief actuary. Ms Bardon joined HSCM in 2016 as the firm was being formed. Since joining she has been an integral part of the development of the firm’s...

MS Amlin AG, the Switzerland-domiciled global reinsurer with an underwriting office in Bermuda, has announced its rebrand to MS Reinsurance, An MS Amlin AG Company. The name change, which will occur this month, reflects parent company MS&AD’s commitm...

For the first time since 2019, representatives of the Bermuda Business Development Agency will travel to Toronto this week to promote the island’s business development opportunities with strategic partners in Canada. David Hart, BDA CEO, and Stephen ...

Leila Stansfield is to lead Bacardi’s global travel retail business, effective January 2023, when she will become the first female lead for the division. She will succeed current managing director, Vinay Golikeri, who moves out of global travel retai...

Rene Lamer has been appointed as head of reinsurance, Bermuda at IQUW, the property and specialty re/insurer. Mr Lamer joined the IQUW Bermuda team last November. The company said IQUW is able to write business in Bermuda through a new cover holder a...

BMS Re, the specialty reinsurance broker, has appointed Chris McDowell as CEO of BMS Re Bermuda. The appointment is effective November 26, following completion of his notice period and any requisite regulatory approvals. Mario Binetti also joins as ...