
Bermuda
Latest insight from the international reinsurance club

BMS names Tigleanu head of cyber strategy
Broker hires senior underwriter from Munich Re to spearhead development of new products

Mosaic adds litigation liability coverage
Bermudian insurer hires litigation solicitor Sarah Bowden to lead new product line

Ariel Re bullish on property catastrophe after capital injection
The Bermuda-based carrier is adhering to its investor mandate of ‘strict, discerning and vigilant’ underwriting of risk, says Joel Willens, head of international property reinsurance

PartnerRe profits lifted by fewer cat losses
Bermudian reinsurer books 23% rise in Q4 operating income to $370m as combined ratio falls to 75.3%

Arch leads Bermuda carriers on attritional performance
Axis Capital and Everest Re achieved the greatest improvement in underlying performance last year, Insurance Day's analysis finds

Catastrophe losses of $100bn a year are the 'new normal'
Bermudian re/insurer Aspen’s chief underwriting officer, Christian Dunleavy, discusses climate change, the trend towards annual contracts to help manage exposures and the forthcoming reinsurance renewals

Reinsurance market capacity imbalance 'getting worse'
Tough conditions for cedants will persist at forthcoming renewals with ‘a lot of latent demand’ for cover and little new capacity, property and specialty carrier IQUW’s head of reinsurance says

Maiden swings to Q4 underwriting loss
Bermudian group books fourth-quarter underwriting loss of $35.5m on the back of losses in its AmTrust reinsurance segment and adverse loss development in legacy contracts

IGI completes acquisition of Norway energy MGA
Acquisition of Energy Insurance Oslo will enable IGI to broaden its presence in the Nordic markets beyond energy and construction business

Flexibility over claims handling will boost legacy market: Aon
Run-off market has reached it fourth and best stage yet, Aon’s Barry Gale says, and there are already signs of a fifth iteration

Pool Re should be replicated for other forms of systemic risk: Catlin
Speaking to Insurance Day, the executive chair of Convex calls for the creation of cyber, pandemic and climate risk versions of the UK government-backed terrorism reinsurer

Casualty has 'returned to business as usual'
President of excess casualty at Axa XL says he is glad casualty has fallen off the list of hot topics

Bermuda seeks to accelerate insurtech growth
Bermuda Business Development Agency chief executive underscores the island’s talent for innovation

Hiscox Re & ILS is ‘leaning in’ to the hard market: Reardon
The chief executive of Hiscox’s reinsurance and insurance-linked securities division discusses the carrier’s three-pronged approach to capital, the January 1 renewals and the challenge of cyber ILS

Aspen appoints Altmaier as non-exec
Former Florida insurance commissioner to join the Bermuda-based carrier’s board

AI will 'soon be everything, everywhere, all at once'
Within the next five years, every company will be an AI company, or face being squeezed out by those that are, Sands Capital Ventures managing partner predicts
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