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The January 1 renewals have proven to be one of the most challenging reinsurance markets the sector has experienced as reinsurers and cedents worked to establish a new market equilibrium, a leading global risk and reinsurance specialist has said. Guy...

Darag Group, the international legacy acquirer, has concluded a reinsurance agreement with a large US carrier. The transaction, written into Darag Bermuda, had a value at the reference date of approximately $15 million. Darag Bermuda will provide the...

A long-time member of the board of directors of Everest Re Group Ltd, the Bermudian-based global re/insurer, has died. The company said John Arthur Weber passed on December 25. “It has been an honour for me and my fellow directors to serve alongside ...

American Overseas Group Limited, the Bermudian-based holding company, has reported a consolidated net loss available to common shareholders of $0.4 million for the three months ended September 30. This compares to a consolidated net loss available to...

Insured losses from Winter Storm Elliott are estimated to be $5.4 billion across 42 US states, a leading catastrophe risk modelling organisation has said. Karen Clark & Company said its winter storm event brief is based on the high-resolution KCC US ...

BMS Group, the independent specialist re/insurance broker with an operation in Bermuda, has announced that a definitive agreement has been entered into with Eurazeo, the global investment company headquartered in Paris, for an additional investment i...

Darag Group, the international legacy acquirer, has appointed Till Mathis Wagner as head of M&A, Europe. His appointment will come into effect in Q1 of 2023. Mr Wagner joins Darag from Guy Carpenter where he was most recently managing director of str...

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Hannover Rück SE (Germany) and its main subsidiaries, including Hannover Re (Bermuda) Ltd and Hannover Life Reassurance ...

James Anfossi has joined Vesttoo as AVP, portfolio manager. Mr Anfossi, who will be based on the island, joins from Aeolus Capital Management, where he served as an analyst. He previously worked at Fidelis Insurance as a risk analyst, and at Axis Cap...

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has appointed Christian Crozier as senior vice president, head of UK Retail Casualty. He will be based in London and report t...