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The financial strength rating of Bermuda-based International General Insurance (IGI) has been upgraded to ‘A-’ with a stable outlook by rating agency Standard & Poor’s (S&P).   2 April 2015
News
Tokio Millennium Re (TMR) has completed its reshuffle, which has seen Tatsuhiko Hoshina, the chief executive officer (CEO) step down.   2 April 2015
News
If Montpelier Re’s acquisition by Endurance falls through, the Bermuda-based reinsurer could become vulnerable.   2 April 2015
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Paul Scope, the former chairman and chief executive officer (CEO) of JLT Park, has been appointed as chairman of Willis Bermuda.   2 April 2015
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Endurance will look to generate substantial annual cost synergies of more than $60 million and non-recurring integration related costs of $50 million as a result of its recently proposed acquisition of Montpelier Re.   1 April 2015
News
Bermuda-based Hamilton Insurance has completed its acquisition of Lloyd’s managing agent Sportscover Underwriting and Lloyd’s broker Kinetic Insurance Brokers.   1 April 2015
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Bermuda-based OIL (Oil Insurance Limited) has elected Gerard Naisse as chairman of the board and Roberto Benzan as deputy chairman.   1 April 2015
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Endurance is set to acquire Montpelier Re as it refuses to let its failed acquisition of Aspen put a dampener on its plans.   31 March 2015
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The departure of Aspen’s investor relations (IR) senior vice president has prompted a reshuffle within the team.   31 March 2015
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BNY Mellon Investment Management EMEA has entered a strategic distribution partnership with Bermuda-based company Windward Management.   30 March 2015

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