News

News

ABIR plants tree to mark former AXIS chair Butt’s 50 years of service to the industry

A group of company executives representing members of the Association of Bermuda Insurers and Reinsurers (ABIR) gathered for a COVID19-compliant, ceremonial tree planting at Hamilton Ferry Terminal to commemorate Michael Butt’s five decades of service to the re/insurance industry.   19 March 2021

News

Assured Guaranty renames its UK business to mark a clearer distinction with its Paris-based operation

Assured Guaranty, the Bermuda-based provider of financial guaranty insurance, has renamed its UK subsidiary to Assured Guaranty UK (AGUK) to mark a clearer distinction between its UK and European operations.   18 March 2021

News

Arch Capital to acquire Westpac’s mortgage insurance business to strengthen its grip on Australian market

Arch Capital Group is set to acquire Westpac Lenders Mortgage Insurance (WLMI), an Australian Prudential Regulation Authority (APRA) authorised captive lenders mortgage insurance (LMI) provider to Westpac.   18 March 2021

News

TigerRisk expands its relationship with RMS to maintain a competitive edge

TigerRisk Partners has expanded its partnership with RMS, the catastrophe risk modelling company, to use additional models and data in a new multiyear agreement.   18 March 2021

ILS

RenRe Capital Partners hires Aon ILS executive

RenaissanceRe Capital Partners has snared Roger Beach, the former assistant vice-president of Aon’s ILS unit, as a senior analyst.   17 March 2021

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

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