News relating to the Bermuda and international insurance and reinsurance industry.
2019 was another year of ups and downs for the re/insurance world in general and Bermuda in particular.
Now that 2019 is almost behind us and we learn the lessons the year taught us it’s time to look ahead to 2020 and what it might bring for Bermuda.
Winter has arrived in the Northern hemisphere, bringing with it its usual scattering of snow in some places and ice in others. However, as some of us shiver it’s worth remembering that it has been a hot year in many places.
There has been a flurry of mergers and acquisitions (M&A) activity in the re/insurance market as a whole, and on Bermuda in particular, in recent years.
Talent and the need to find it, train it and then keep it on the Island has long been a major issue for the re/insurance industry on Bermuda.
Insurance-linked securities (ILS) on Bermuda have had an interesting few years, as the market continues to evolve to meet strong demand.
Solid capitalization and constructive pricing contribute to stable picture.
Arch Capital Group has completed its acquisition of Barbican Group Holdings, including Barbican Managing Agency, Lloyd’s Syndicate 1955, Castel Underwriting Agencies (Castel) and other associated entities.
Swiss Re has confirmed plans to sell its subsidiary ReAssure Group to Phoenix Group Holdings.
Chubb Bermuda has recruited a senior executive who has previously worked with Endurance, Ironshore and AIG as senior vice president and head of excess liability.