Latest Bermuda News
He joins from Chubb where he served for nearly 20 years.
Ann Kelly's appointment is the latest in an ongoing restructure following Axis' acquisition by Novae last year.
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.
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.
The firm has managed to increase underwriting income for all three of its business segments on a year on year basis.
The company was positive about reported growth in investment income, due largely to rising interest rates.
Reopened claims and rising loss adjustment costs hit the Bermudian re/insurance firm hard during the second quarter.
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.
Investment complications have led to a lowered net income for the second quarter of the year at PartnerRe.
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.
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.
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.
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.
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.
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.
INTERVIEW: Mark Watson, CEO of Argo, says that his firm is looking to expand, but won’t rush into any decisions.
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.
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.
In this month's Reactions