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Hudson Structured supports Bermuda’s Future Leaders

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation- focused investment manager, is supporting mentorship and leadership development opportunities for young Bermudians through a new partnership. The investment manager, which undertakes its reinsurance investment activities through its HSCM Bermuda unit based on the island, has entered into read the full article →

Bermuda to retain its leadership position in ILS because it has to: Webber, Apex

As the insurance-linked securities (ILS) pie continues to expand it’s natural for new jurisdictions to emerge and try to take a slice, but the innovative Bermuda marketplace is expected to maintain its leadership position, according to Ross Webber, Managing Director at independent financial services provider and fund administrator, Apex Group read the full article →

Catastrophes outweigh pandemic losses for Bermuda reinsurers in 2020

Bermuda's reinsurance sector was hit by more catastrophe losses than costs from the COVID-19 pandemic in 2020, according to data from Fitch Ratings. Nine reinsurance firms with operations in Bermuda are assessed by Fitch and the rating agency notes that the stable rating outlooks it has in place on global reinsurance read the full article →

After reassuring pandemic response, expect flight to simplicity in ILS: Webber, Apex

The response of Bermuda, and the broader, insurance-linked securities (ILS) asset class to the global pandemic was reassuring, and as the market moves further into 2021, a flight to simplicity is expected to take hold, according to Ross Webber, Managing Director at independent financial services provider and fund administrator, Apex read the full article →

Lockton Re hires ex-CATCo CUO Simon Moore

Lockton Re, the reinsurance business of the privately held independent global broking firm, has hired Simon Moore, the former Chief Underwriting Officer of CATCo, as a Senior Broker within its Non-Marine Retrocession & Property Specialty team in London. Moore had joined collateralized retrocessional reinsurance investment fund manager CATCo back in 2015, read the full article →

Lockton Re hires Aon ILW practice head Parcell in Bermuda

Lockton Re, the reinsurance business of the privately held independent global broking firm, has announced a key hire in Bermuda, taking Thomas Parcell from Aon as its new Chief Broking Officer on the island. Lockton Re has been building out its Bermuda platform of late and Parcell marks a key move read the full article →

Aeolus, Ariel & Fortitude join ABIR

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced new members for 2021 coming from across the spectrum of reinsurance and third-party capital or ILS fund management. Among those joining the organisation for 2021 are well-established reinsurance and retrocessional investment fund manager Aeolus Capital Management Ltd. Aeolus, led by Chief Executive read the full article →

Bermuda at forefront of global reinsurance capital raising: Wightman, PwC

The Bermuda market is intrinsically involved in much of the successful capital raising going on in the global reinsurance sector, with the Class of 2020 well on the way to establishing itself, Arthur Wightman, PwC Territory and Insurance leader has said. With the COVID-19 pandemic ongoing, the global insurance, reinsurance and read the full article →

Chaucer launches Bermuda branch with U.S. reinsurance focus

International specialty insurance and reinsurance group Chaucer plc has launched a U.S. reinsurance focused underwriting operation in Bermuda, from where it expects to write quota share and excess of loss business across property, casualty and specialty lines. Chaucer's new reinsurance branch in Bermuda has been launched following the receipt of regulatory read the full article →

Hurricane Paulette to strike Bermuda this morning

Bermuda faces its first significant hurricane threat in the shape of hurricane Paulette which is expected to strike this morning and could see its eyewall affecting the island for a number of hours. Based on the forecasts Bermuda had been expecting to see hurricane force winds as hurricane Paulette passed nearby, read the full article →