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Aquarian Holdings, the New York-domiciled investment firm, has agreed to acquire a controlling interest in Somerset Reinsurance Ltd, the island-based provider of reinsurance solutions to the US life insurance and annuity market. In addition, the tran...

Insurance industry veteran Nicholas Walsh has been appointed to the board of directors of Sompo International Holdings Ltd, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance. “We are very pleased to wel...

Property and speciality re/insurer IQUW has appointed Helen Thornton as chief financial officer for IQUW Re Bermuda Limited and group head of finance. Ms Thornton joined IQUW from Nephila Capital, where she held roles as co-head of reinsurance and ch...

Patrick Charles and Darryl Siry have been appointed to the executive leadership team at SiriusPoint Ltd, the Bermudian-based global specialty re/insurer. Mr Charles has also been promoted to global head of property and casualty insurance and services...

Outside of Florida, large (re)insurers are positioned to absorb the shocks of potential catastrophic hurricane damage, Fitch Ratings has determined in their US Hurricane Season 2022 report. The publication, which is a desk reference for insurance inv...

AM Best has removed from under review with developing implications and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based 777 Re Ltd. The ratings agency has taken th...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Allianz SE (Germany) and 22 of its rated subsidiaries, including Allianz Risk Transfer (Bermuda) Limited. The rating act...

Acrisure Re, the reinsurance division of top-ten global (re)insurance broker and fintech platform Acrisure, has published its 2022 Pre-Season Hurricane Outlook report, forecasting an above average hurricane season, but with less activity than the rec...

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced the successful completion of June 1 reinsurance renewals. The company said it had procured approximately $430 million of increme...

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has announced its investment in Samos Insurance, a US and Canadian MGA platform, which offers a first-of-its-kind accidental death insurance product. The product covers planne...