News

Re/insurance

A continental approach

Establishing a foothold in the European market can be lucrative for Bermudan reinsurers, but it is also a long and painstaking task, Bill Miller, KPMG Bermuda’s head of actuarial, tells Bermuda:Re+ILS.   20 October 2014

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New platform, old hand

After a successful merger of Hiscox’s reinsurance operations, Jeremy Pinchin is settled in his role as CEO of Hiscox Re and is taking a cautious, strategic view of the future. He tells Bermuda:Re+ILS why Hiscox Re is in a strong position, despite being a ‘new’ player.   20 October 2014

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Ironshore enhances kidnap and ransom coverage

Bermuda-based Ironshore International has enhanced its insurance coverage for kidnap & ransom risks to protect corporate entities, as well as private family exposure to unexpected events.   17 October 2014

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Till Capital completes Omega acquisition

Bermuda-based reinsurance provider Till Capital has acquired Omega Insurance, a Canada based insurance provider.   17 October 2014

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Kading: Regulatory standards and protectionist measures are business risks

President of the Association of Bermuda Insurers and Reinsurers (ABIR), Brad Kading, has cited international insurance regulatory standards and various protectionist measures as posing a risk to global business.   17 October 2014

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Category 4 Gonzalo takes aim at Bermuda: AIR

According to catastrophe modelling firm AIR Worldwide, as of 11AM Atlantic Standard Time on Thursday, October 16, 2014 Hurricane Gonzalo’s eye was located about 485 miles (780 km) SSW of Bermuda.   17 October 2014

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Platinum’s profits plummet in Q3

Platinum Underwriters faced a tough environment in the third quarter of 2014, as net income and premiums fell.   16 October 2014

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XL insurance CFO promoted to underwriting EVP

The chief financial officer (CFO) of XL Group’s insurance operations has been appointed to the newly created position of executive vice president, underwriting and ceded reinsurance.   16 October 2014

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Hiscox Re appoints Caribbean chair

Bermuda-based reinsurer Hiscox Re has appointed Bevis Tetlow as chair of North America and Caribbean.   16 October 2014

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Stauffer to retire from OIL

The president and chief executive officer (CEO) of Bermuda-based Oil Insurance Limited (OIL) is set to retire at the start of 2016.   16 October 2014

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