News

Life

Compre hires two as expansion continues

Compre, the international specialist legacy group that launched a Bermuda-based class 3A reinsurer, Pallas Re, in 2020, has made two new appointments as it expands its business.   26 April 2021

News

OCIL reports a small net profit for 2020 while maintaining maximum limits to customers

Oil Casualty Insurance (OCIL) reported a small profit for the year ended November 30, 2020, in its audited financial statements, released at its annual general meeting of shareholders.   26 April 2021

Life

HSBC exec to run Bermuda’s captive operation from Hong Kong

HSBC Life, HSBC Group’s insurance business, has hired a new global head of customer proposition, within the HSBC Life and Insurance Partnerships business.   26 April 2021

News

Outlook brightens for Convex Re and Convex Insurance UK: AM Best

AM Best has revised the outlooks of Convex Insurance UK (Convex UK) and Convex Re (Bermuda), wholly owned subsidiaries of Convex Group, to positive from stable, having affirmed their financial strength ratings of A- (excellent).   23 April 2021

ILS

Eagle Re issues $498m in ILNs to finance Radian reinsurance cover

Radian Guaranty, the wholly owned subsidiary of Radian Group, has obtained $498 million of fully collateralised excess of loss reinsurance coverage from Eagle Re 2021-1, the newly formed Bermudian special purpose insurer.   23 April 2021

News

ABIR’s Earth Day message: Bermuda can lead the world in climate risk finance

Bermuda can be the world leader in climate risk finance, according to John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers (ABIR).   22 April 2021

News

Argo braced for impact of Winter Storm Uri on Q1 results

Argo Group International Holdings has warned that its first quarter 2021 results will be adversely affected by catastrophes losses, primarily related to Winter Storm Uri.   22 April 2021

Life

Everest reshuffles its financial and professional liability management team

Everest Insurance has made four leadership changes in its financial and professional liability business in a move it believes will position it to better meet the evolving needs of its customers.   22 April 2021

Life

AXIS Re appoints Lloyd’s casualty underwriter

AXIS Re has strengthened its global markets team with the appointment of Lisa Hiscock as senior underwriter for Lloyd’s casualty.   21 April 2021

News

Argo confirms virtual AGM following surge in Bermuda COVID cases

Argo Group International Holdings has responded to the recent increase in COVID-19 infection rates in Bermuda by confirming its 2021 annual general meeting (AGM) will be held in virtual format only.   21 April 2021

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