Log In

Insurance executive Nick Foden-Pattinson has been appointed to a dual role by Ardonagh Specialty, part of the UK insurance intermediary Ardonagh Group. Mr Foden-Pattinson will lead the organisation’s newly formed North America reinsurance team and wi...

Traditional dedicated reinsurance capital at the end of 2020 was estimated at $397 billion, a marginal increase year-on-year. Favourable valuations of asset levels and capital initiatives saw capital levels recover from a midyear decline. The estimat...

Marc Grandisson has been elected chairman of the Association of Bermuda Insurers and Reinsurers. He succeeds Albert Benchimol. Mr Grandisson is chief executive officer of Arch Capital Group Ltd, and will serve a two-year term as Abir chairman. He was...

Five individuals who have contributed significantly to Bermuda’s risk transfer market have been added to an industry publication’s Bermuda Risk Transfer Hall of Fame. Jeremy Cox, John Huff, Brad Adderley, David Brown and Arthur Wightman have been ho...

Yosha DeLong has joined Bermudian-based start-up Mosaic Insurance Holdings Ltd as senior vice-president and head of cyber underwriting. The appointment was first reported on the Business Insurance website. Ms DeLong, who was formerly Zurich North Ame...

Reinsurers have largely arrested multiyear downward trends in the market, despite the impact of the Covid-19 pandemic on working conditions and exposures. That is one of the findings in Willis Re’s 1st View survey report, which was published yesterda...

Bermudian-based reinsurer Group Ark Insurance Ltd has been assigned a financial strength rating of A (Excellent) by AM Best, the global credit rating agency. GAIL was also assigned a long-term issuer credit rating of “a”. AM Best said the outlook ass...

Rims, the risk management society, has named Ellen Dunkin as its new president for 2021. She is the Society’s 67th president, and succeeds Laura Langone, who served in the role last year. Ms Dunkin said: “Risk professionals from around the world met ...

Penalties totalling $400,000 has been imposed on Crown Global Life Insurance Ltd, and Crown Global Life Insurance (Bermuda) Ltd, by the Bermuda Monetary Authority. The civil penalties are pursuant to the provisions of section 20 of the Proceeds of Cr...

Insurance and reinsurance group Premia Holdings Ltd, which has operations in Bermuda, has formed Elevation Re (SPC) Ltd, a sidecar vehicle which will provide collateralised reinsurance support for Premia’s activities in the global P&C run-off market....

Zurich Bermuda has earned a gold designation under the Bermuda Mental Health Foundation’s Mindful Employer Certificate programme. The Foundation found that Zurich’s existing workplace policies in the areas of human resources, employee benefits -inclu...

Big-hearted staff at a reinsurance firm donated 88 decorative shoeboxes packed with school supplies, clothing and other accessories to Big Brothers Big Sisters of Bermuda. Marsh and Guy Carpenter announced the giveaway, worth $8,800, to the mentoring...