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Latest Bermuda News
Axis Hagibis losses pegged at up to $110m
Estimate puts total industry losses at around $11bn on Hagibis.
Sompo appoints new International CEO
Will succeed Nigel Frudd in the role from 1 January.
Artex buys Bermuda-based ILS administrator
Gallagher subsidiary to rebrand global ILS operations following deal.
Guy Carpenter hires Aon pair for Bermuda office
Hires are part of a wider shake-up of the broker’s Bermuda operations.
AM Best places Argo ratings under review
Review prompted by SEC subpoena and sudden departure of CEO Mark Watson.
Hamilton launches new cyber underwriting team
New cyber product to be sold from recently-acquired Pembroke Managing Agency.
Ed Bermuda appoints chairman
John Turner will report to CEO Chris Bonard in newly created role.
Argo CEO Watson steps down
Kevin Rehnberg appointed interim chief executive effective immediately.
Fidelis providing capacity for new product recall MGA
Also takes equity stake in product recall MGA Perigon.
Interviews
Profiles: Top women in re/insurance
Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.
Kevin O'Donnell's tough act to follow at RenRe
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Albert Benchimol: Axis Capital ready to thrive
Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.
Interview: John Nelson, chairman of Lloyd's - The internationalist
John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.
Profile: Validus’ Ed Noonan bounces back
Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.
Tokio Millennium Re targeting expansion
Interview: Tokio Marine’s reinsurance unit is aiming to grow in Europe and beyond, according to group CEO Tatsuhiko Hoshina and Continental Europe CEO Stephan Ruoff.
Watson’s steady approach at Argo Group
INTERVIEW: Mark Watson, CEO of Argo, says that his firm is looking to expand, but won’t rush into any decisions.
John Berger: Third Point Re “alive and well!”
Interview: Former Alterra reinsurance CEO John Berger has proclaimed his new reinsurance firm, Third Point Re, alive and well following it receiving a financial strength rating of A from AM Best in early January.
Aon's Greg Case on insurance broking's future
INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.
Latest Issue
November 2019
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Comments
Editor's comment: What could have been...
Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.
Americas editor comment: Brexit's North American impact - FREE
The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.
Editor's comment: Reinsurers' sleight of hand - FREE
The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.
Reactions April digital issue online now!
This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.
Bermuda comment: David in a world of financial Goliaths
Given that it is one of the smallest territories in the world, many would be surprised at the integral role Bermuda plays in managing the economic fallout after natural disasters, writes Americas editor Christopher Munro.
Editor's comment: Dazed and confused
If the actors of today’s re/insurance market were transposed into the setting of a 1980s high school movie, the plot would definitely be Prom Night.
Editor's comment: Who’s next to get married?
Comment: Whether its brokers, insurers or reinsurers, companies are currently coupling up like amorous teens at a high school dance.
XL and Catlin agree deal
XL and Catlin have agreed terms for a takeover that should close in the first half of 2015
Comment: An industry of adrenalin junkies
Editor's comment: To an outsider, insurance does not immediately look like an industry for adrenalin junkies.