News

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

News

Celent names AXA XL as Model Insurer of the Year for its Construction Ecosystem

AXA XL has won the Celent Model Insurer of the Year Award for the development of its Construction Ecosystem, the digital platform and products and services network.   15 March 2021

ILS

ERS to build Bermuda-based reinsurance and ILS platform

ERS, the UK-based specialist insurer, is raising $350 million in capital via Abry Partners and Aquiline that will finance its expansion into specialty reinsurance and a new Bermuda-based specialty re/insurance vehicle and an ILS manager.   15 March 2021

Life

Arch unveils transport and logistics division, names O’Gorman to lead it

Arch Insurance International has unveiled a new transport and logistics insurance division and appointed Steve O’Gorman to lead it as head of transport and logistics.   15 March 2021

Life

Guyler-Alaniz joins AgriSompo, spearheads Sompo’s diversity efforts

Sompo International Holdings has appointed Marji Guyler-Alaniz as senior vice president of communications, risk and operations for AgriSompo North America.   12 March 2021

News

Profits up at IGI as CEO Jabsheh heralds “successful year on many levels”

International General Insurance Holdings (IGI) has reported year on year increases in its profits for both the fourth quarter and full year in 2020 in what its chairman and chief executive officer Wasef Jabsheh called “a successful year for IGI on many levels.”   12 March 2021

News

BMA authorises eight new re/insurance entities

The Bermuda Monetary Authority (BMA) authorised eight new re/insurance entities in February.   12 March 2021

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