News

News

Enstar, Stone Point complete sale of StarStone to Inigo

Enstar Group and Stone Point Capital have completed the sale of StarStone Underwriting, the Lloyd’s managing agency, and its managed Lloyd’s syndicate, 1301, to Inigo, the new specialty re/insurance holding company.   17 March 2021

News

SiriusPoint’s Sankaran rings NYSE opening bell to commemorate listing

Sid Sankaran, the chief executive officer and chairman of SiriusPoint, the new specialty re/insurance company, rang the opening bell at the New York Stock Exchange on March 16, 2021.   17 March 2021

Life

How the BMA supervises Bermuda’s growing long-term life sector

The growth of the life re/insurance sector in Bermuda has been fuelled by the robust yet pragmatic regulatory environment created by the Bermuda Monetary Authority. Here, a spokesperson outlines its approach and future plans.   17 March 2021

News

PartnerRe raises $200m in series J share issue

PartnerRe has completed its offering of 8 million shares of its series J 4.875 percent fixed rate non-cumulative redeemable preferred shares for gross proceeds of $200 million.   16 March 2021

News

Maiden returns to profit in 2020 as decision to place portfolios into run-off pays off

Maiden returned to profitability in 2020 following the losses of 2019, with the run-off of its reinsurance portfolios contributing to its turnaround for the full year and the final quarter of 2020.   16 March 2021

News

COVID has helped re/insurers prepare for climate change: BMA

Re/insurers have learned lessons from the COVID-19 pandemic that can be applied when dealing with climate change risks, according to the Bermuda Monetary Authority (BMA).   16 March 2021

News

BC Partners closes in on Davies to finance its ongoing expansion

BC Partners, the international investment firm, has signed an agreement that will see it take a majority stake in Davies, the specialist professional services and technology business that opened a compliance and regulatory advisory business in Bermuda in 2019.   16 March 2021

News

AXIS partners with Elpha Secure to offer cyber coverage for small businesses

AXIS Insurance has entered into a strategic partnership with Elpha Secure, a cyber security company built for the insurance industry, to provide cyber insurance and software protection to small businesses.   15 March 2021

Life

How COVID-19 and cat events shaped the 1/1 renewals

COVID-19 and cat events in 2020 led to a divergence in the way reinsurers approached the 1/1 renewals, as Peter Gadeke, executive vice president at Willis Re Bermuda, explained to Bermuda:Re+ILS.   15 March 2021

ILS

Miller snares former Aon executive to lead Bermuda business

Miller has appointed Charlie Simpson as head of Bermuda.   15 March 2021

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