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John McElroy is to join the Bermuda office of Aon Reinsurance Solutions as head of casualty. The company said Mr McElroy will report to Tony Fox, chairman and chief executive officer, Bermuda, of Reinsurance Solutions. Aon said the appointment is sub...

Bermudian-based re/insurance outfit Monument Re has agreed to acquire the closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. The company said the acquisition is subject to necessary ...

Kirsten Beasley has been named interim head of office at brokers Willis Towers Watson Bermuda. Ms Beasley has been Willis’ head of healthcare broking, North America, since 2018, and will continue in that role while taking on the interim head of offic...

Industry veteran Thomas Parcell has joined Lockton Re’s new Bermuda platform as chief broking officer. Lockton Re is the global reinsurance business of the world’s largest privately-held independent insurance broker. Mr Parcell joins Lockton Re from ...

Ian Thompson is the new chief executive officer, Bermuda, of re/insurer Ascot, taking over the role from John Berger, who retires at the beginning of March. He has been promoted to the position and will assume leadership of Ascot’s business on the is...

Proposed spending cuts included in the 2021/22 Budget statement could be tough to maintain, an economist warned yesterday. Peter Everson, a businessman and former president of the Chamber of Commerce, said: “The hard part, as always, is will the Gove...

Bermudian-based international speciality insurance and reinsurance outfit SiriusPoint Ltd launched today with more than $3 billion in initial capital. The company has been formed as the result of the previously announced merger between Third Point Re...

Reinsurance price increases fell short of a hard market during January renewals, say analysts from S&P Global Ratings. In a report released today, the ratings agency said reinsurers were “left wanting more”, but that expectations for rate rises remai...

PartnerRe’s full-year net income fell to $206 million for 2020, as the company incurred net losses of $397 million related to Covid-19. The profit fell from $890 million in 2019, after what chief executive officer Jacques Bonneau described as a year ...

Bermuda has attracted billions of dollars of new re/insurance capital over the past year, but the pace of the multiyear growth in third-party structures such as insurance-linked securities has slowed. That is the view of analysts from ratings agency...

Insurance industry veteran Grainne Richmond has been appointed president of the Bermuda Insurance Managers Association. Ms Richmond is to take up the position at the volunteer non-profit organisation on March 1. She will be joined on the Bima executi...

Bermudian-based Conduit Holdings Ltd, the parent company of new Class 4 reinsurer Conduit Re, has reported a loss after tax of $4.6 million for the period ending December 31. Conduit Re is part of the “class of 2020” group of companies that have been...