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The Bermuda Business Development Agency (BDA) is planning more overseas multi-industry executive forums to showcase what it describes as the island’s world-class talent and myriad business opportunities. 25 June 2018
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Fidelis Insurance has announced that it has rebranded its MGA, Firestone Surety, to Oakside Surety. 25 June 2018
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XL Catlin has announced that it will offer specialty aviation insurance in Mexico, initially focussing on general aviation hull and liability risks. 22 June 2018
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Everest Insurance, a subsidiary of Everest Re Group, has expanded its global contingency business under one consolidated framework in order to deliver seamless solutions to its customers. 22 June 2018
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XL Catlin and new insuretech-focused program administrator, Bamboo Insurance have signed an underwriting agreement to provide Californian property insurance. 22 June 2018
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AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Wilton Re and several of its subsidiaries. 22 June 2018
ILS
Bernina Re, which recently domiciled in Bermuda, has announced that Michael McKnight has been appointed chief executive officer (CEO) and chief risk officer. Bernina Re is part of the platform of Credit Suisse Insurance Linked Strategies (CS ILS). 21 June 2018
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Capsicum Reinsurance Brokers (Capsicum Re), which has a major presence on Bermuda, has announced that its co-founder Grahame ‘Chily’ Chilton will rejoin the business later this year. 21 June 2018
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Bermuda-based reinsurer Monument Re has acquired a run-off portfolio of linked and traditional business from Ireland-domiciled Metlife Europe, initially through reinsurance to Monument Re, followed by the transfer of the portfolio to Laguna Life, upon receipt of court approvals. 21 June 2018
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Hamilton Insurance Group subsidiary Hamilton Underwriting has announced that Neil Lee-Amies has joined the agency as head of treaty, reporting to active underwriter Miles Osorio. 20 June 2018
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