News relating to the Bermuda and international insurance and reinsurance industry.
BMS appoints Jason Stone as MD for private equity and M&A in Canada
BMS Group, the independent specialist re/insurance broker, has appointed Jason Stone as managing director of BMS Canada private equity, M&A division, effective immediately.
ABIR members contribute $830m to Bermuda’s economy in 2019
Members of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed over $830 million to the Bermuda economy in 2019, up $15 million from calendar year 2018.
Peak Re hires Andrew Souter as director of markets
Peak Re has appointed Andrew Souter as director of markets, responsible for developing its property and casualty reinsurance business.
Ronnie Klein leaves BILTIR, organisation looks for replacement based in Bermuda
Ronnie Klein, executive director of Bermuda International Long Term Insurers and Reinsurers (BILTIR), has left the organisation.
Everest Insurance makes three executive appointments in the US and London
Neil Lightbown has joined Everest Insurance as chief underwriting officer of Everest Global Markets, effective October 1.
BMA cancels registration for Phoenix CRetro, company eyes move to Asia
The Bermuda Monetary Authority (BMA) has cancelled the insurance registration of Phoenix CRetro Reinsurance Company, a special purpose insurer (SPI), for breaches of the Insurance Act 1978 (Insurance Act).
PartnerRe names Nicholas Hughes as head of retrocession
PartnerRe has appointed Nicholas Hughes as head of retrocession.
Hurricane Sally could cause up to $3bn in insured onshore property losses: AIR Worldwide
Industry insured losses to onshore property resulting from Hurricane Sally will range from $1 billion to $3 billion, according to AIR Worldwide, the catastrophe risk modeling firm.
Arch creates Arch Managing Agency to unify Lloyd’s operations
Arch Insurance International has established Arch Managing Agency (AMA), which is led by Ben Canagaretna who has been appointed as managing director.
BMA registers 13 new insurance entities in August
The Bermuda Monetary Authority (BMA) registered 13 new insurance entities in August.
