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Latest insight from the international reinsurance club


Relm 'remains committed to digital asset sector' despite FTX exposure

Bermuda-based carrier's CEO confirm FTX exposure but insists company remains 'well capitalised' 

Bermuda Specialty

Bermudian re/insurers to absorb $13bn of Ian losses: BMA

Companies on the island may incur as much as 25% of industry losses tied to Hurricane Ian, which are expected to range from $50bn to $75bn

Bermuda Reinsurance

Lancashire credit rating outlook moved to negative

Negative outlook reflects the trend in outsized volatility in Lancashire’s operating performance results, AM Best says

Bermuda Lancashire

Convex Re Bermuda appoints Simons deputy CEO

Bermuda-based reinsurer hires Axa XL Bermuda reinsurance chief and promotes Slater to chief underwriting officer

Bermuda People moves

Conduit Re to accelerate property growth with Kiernan hire

Pure-play reinsurer hires Axa XL Re’s Peter Kiernan as head of property underwriting as it look to take advantage of current market dislocation 

Reinsurance Property

Fidelis approved for MGU creation

Regulators in the UK, Bermuda, Belgium and Ireland give green light to creation of a managing general underwriter alongside Bermuda-based group’s balance sheet businesses

Bermuda Specialty

MS Reinsurance names Ramlal as senior property underwriter

She will be based in Bermuda and report to lead property underwriter Andrew Shaw

Bermuda Reinsurance

Markel names Cardoso head of Bermuda office

Executive will continue in her current post as senior director and head of Bermuda errors and omissions at the specialty carrier

Bermuda Markel

Relm Insurance forms partnership with CyberCube

Partnership intended to bolster the company's cyber underwriting business with advanced analytics and artificial intelligence

Bermuda Cyber

Sompo International underwriting profits up 57%

Specialty re/insurer books gross written premiums up 12% to $8.49bn in six months to end of September, driven by rate increases and higher retention levels, with particularly strong growth in its agriculture and reinsurance lines

North America Bermuda

Antares Bermuda approved to write Lloyd’s business

Managing agent says move will make its Lloyd’s product lines more accessible to brokers

Bermuda Lloyds

IGI looks to energy expansion after strong Q3

With the price of oil increasing, the carrier sees opportunities for profitable growth, the company's president Waleed Jabsheh tells Insurance Day 

Bermuda Reinsurance

IGI's profit surges 74% on improved underwriting results

Bermuda-based group's underwriting income climbs 57% to $42m driven by favourable prior-period reserve development

Bermuda Specialty

RenRe names Marra as chief underwriting officer

Marra succeeds Ross Curtis who has been appointed to the new post of chief portfolio officer 

Bermuda Reinsurance

PartnerRe swings to operating loss on $300m Ian hit

Bermuda-based group books an underwriting loss of $100m in the third quarter as the combined ratio rises 7.1 points to 106.9%

Bermuda Reinsurance

Maiden posts deeper underwriting loss

Losses in Bermudian group's AmTrust reinsurance segment more than doubled to $12.7m 

Bermuda Reinsurance
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