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Latest Bermuda News

Barbatsoulis to to head claims at Everest Re

He joins from Chubb where he served for nearly 20 years.

Travelers' Kelly to head ceded reinsurance at Axis

Ann Kelly's appointment is the latest in an ongoing restructure following Axis' acquisition by Novae last year.

Top brass quit Maiden Holdings

Maiden's chief executive Art Raschbaum will retire on September 1 with chief financial officer Karen Schmitt set to follow suit on March 1, 2018, with both departures announced as the firm releases a disappointing set of results for the second-quarter.

Gross premiums drop at Third Point Re

Retroactive insurance contracts written in the second half of last year were the cause of the sharp decline in gross premiums written for the quarter.

Arch Capital boosts results

The firm has managed to increase underwriting income for all three of its business segments on a year on year basis.

XL improves net income ahead of AXA merger

The company was positive about reported growth in investment income, due largely to rising interest rates.

Reserve charge leads to net income decline at Everest

Reopened claims and rising loss adjustment costs hit the Bermudian re/insurance firm hard during the second quarter.

Hiscox posts strong growth and identifies headwinds

Hiscox ended the first half of 2018 with strong growth in premiums but has urged caution as investment volatility and an estimated dip in the current rate of premium growth emerge as challenges for the remainder of the year.

PartnerRe takes investment hit

Investment complications have led to a lowered net income for the second quarter of the year at PartnerRe.

Comments

Editor's comment: What could have been...

Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.

Americas editor comment: Brexit's North American impact - FREE

The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.

Editor's comment: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Bermuda comment: David in a world of financial Goliaths

Given that it is one of the smallest territories in the world, many would be surprised at the integral role Bermuda plays in managing the economic fallout after natural disasters, writes Americas editor Christopher Munro.

Editor's comment: Dazed and confused

If the actors of today’s re/insurance market were transposed into the setting of a 1980s high school movie, the plot would definitely be Prom Night.

Editor's comment: Who’s next to get married?

Comment: Whether its brokers, insurers or reinsurers, companies are currently coupling up like amorous teens at a high school dance.

XL and Catlin agree deal

XL and Catlin have agreed terms for a takeover that should close in the first half of 2015

Comment: An industry of adrenalin junkies

Editor's comment: To an outsider, insurance does not immediately look like an industry for adrenalin junkies.

Interviews

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Albert Benchimol: Axis Capital ready to thrive

Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.

Interview: John Nelson, chairman of Lloyd's - The internationalist

John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.

Profile: Validus’ Ed Noonan bounces back

Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.

Tokio Millennium Re targeting expansion

Interview: Tokio Marine’s reinsurance unit is aiming to grow in Europe and beyond, according to group CEO Tatsuhiko Hoshina and Continental Europe CEO Stephan Ruoff.

Watson’s steady approach at Argo Group

INTERVIEW: Mark Watson, CEO of Argo, says that his firm is looking to expand, but won’t rush into any decisions.

John Berger: Third Point Re “alive and well!”

Interview: Former Alterra reinsurance CEO John Berger has proclaimed his new reinsurance firm, Third Point Re, alive and well following it receiving a financial strength rating of A from AM Best in early January.

Aon's Greg Case on insurance broking's future

INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.

Latest Issue

Summer 2018

 

In this month's Reactions

  • Preparing for Pandemic
  • Charles Goldie interview
  • Rupert Swallow interview
  • Latin America Awards
  • Urs Baertschi interview
  • Reactions London Conference write up
  • JLT Specialty USA overview
  • Steven Beard interview
  • AIRMIC review
  • Labuan: Asia's Rising Star

CLICK HERE TO READ THE LATEST ISSUE

 

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