News

News

Gallagher Re beefs up its legacy capabilities

Gallagher Re has named Andrew Rothseid, a former commercial trial lawyer who served as general counsel of Bermudian and US property and casualty run-off insurers and reinsurers, as partner and head of legacy, a new role.   10 March 2021

News

Davies acquires Texas-based claims management group

Davies Group has acquired The Littleton Group, a Texas-based provider of third party administration and claims adjusting services for insurance carriers, managing general agents, captives and other businesses.   10 March 2021

News

Mosaic begins writing war, terrorism and political violence coverage from London and New York

Mosaic, the specialty insurer with operations in Bermuda, London, the US and Asia, has commenced underwriting war, terrorism and political violence risks globally out of offices in London and New York.   9 March 2021

News

Athene to merge with Apollo, cementing long standing partnership

Apollo and Athene have agreed to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene.   9 March 2021

ILS

ILS issuance doubles in 2020, perils increasingly diversified: Swiss Re

Over $11.3 billion of insurance linked securities (ILS) were issued in 2020 making it a record year for new issuance, up over 106 percent on the levels seen in 2019, according to Swiss Re’s 34th ILS Market Insights report.   9 March 2021

News

BMS Re snares Conning business development executive

BMS has appointed Ryan Saul as senior vice president at BMS Re.   8 March 2021

News

Bermuda Captive Conference to go ahead as a virtual event in June

The 17th annual Bermuda Captive Conference (BCC) will be held as a virtual event on June 14-15, 2021.   8 March 2021

Life

DARAG acquires SunPoint Holdings in Bermuda

DARAG, the legacy acquirer, has acquired SunPoint Holdings in Bermuda, which will be integrated into the business to provide a platform for further expansion.   8 March 2021

ILS

Rethinking ILS collateral

Increasing interest from dedicated ESG investors is encouraging some deal structurers to think of new and creative ways to make ILS even more appealing, Peter Dunlop of Walkers tells Bermuda:Re+ILS.   8 March 2021

News

Hamilton completes RITC transaction with RiverStone

Hamilton Managing Agency (HMA), a wholly-owned subsidiary of Hamilton Insurance Group, has completed a reinsurance-to-close (RITC) transaction of the legacy liabilities of the 2018 and prior years of account of Syndicate 4000 with RiverStone Europe.   5 March 2021

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