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Sompo International Holdings Ltd has appointed Brendan Plessis as executive vice-president, distribution, international insurance. This is a newly created role to develop broker and client relationships, with a focus on growth and potential new busin...

Thirteen Bermudian-based reinsurance companies feature in the world’s top 50 largest reinsurers, says rating agency AM Best. At least five others with subsidiaries writing reinsurance out of Bermuda also feature on the list. PartnerRe, which is owned...

Insurance industry losses to property damaged by Hurricane Laura, which struck the United States last week, have been estimated at between $4 billion and $8 billion. The Category 4 hurricane made landfall on Thursday in Louisiana, near the border wit...

To spearhead its entry into the contingency and fine art and specie markets, Fidelis Underwriting Limited has appointed Emily Clapham and Stacey Munton respectively as underwriters in those classes. They will be based in London and will join the Fid...

Fergus Reinsurance Limited, a Bermuda Class 3A licensed reinsurer, has recruited two Bermudian reinsurance professionals to its underwriting and management team. Chris Powell has joined the company as chief underwriting officer. He has 27 years of p...

Monument Re has agreed to acquire Charles Taylor Group’s Isle of Man operations, which principally comprises its life insurance company, LCL International Life Assurance Company Limited and Charles Taylor Holdings (IOM) Limited. Manfred Maske, chief...

Aeolus Capital Management Ltd has appointed Nicholas Jagoda as a partner and portfolio manager of Bermudian-based Aeolus after fulfilling his obligations with Elementum Advisors, LLC, where he is currently a partner and portfolio manager. Mr Jagoda ...

Hamilton Insurance Group Ltd is working to build an international mergers and acquisitions portfolio, and has made an appointment for a lead role in its M&A division in North America and Latin America. The Bermudian-based speciality insurance and rei...

The Association of Bermuda Insurers and Reinsurers has announced the formation of the new Abir Data and Privacy Taskforce to help ensure Bermuda meets international requirements regarding the use of personal data. The task force, chaired by Jim Paugh...

Maiden Holdings Ltd has achieved a second consecutive quarterly profit as losses stabilised and it regained compliance with Nasdaq listings regulations. The Bermudian-based company with insurance subsidiaries providing specialty reinsurance, has repo...

Taxi owners who are policyholders with Colonial Insurance Company can, from today, secure a 15 per cent discount on their annual premiums if they renew their insurance policy before October 1. Naz Farrow, Colonial’s chief executive officer, said the ...

Job losses are not expected as a result of the proposed merger between Bermuda reinsurers Third Point Re and Sirus Group. Two executives who will have senior roles in the new combined company, to be called SiriusPoint, say the deal is focused on crea...