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The Association of Bermuda Insurers and Reinsurers has announced the formation of the new Abir Data and Privacy Taskforce to help ensure Bermuda meets international requirements regarding the use of personal data. The task force, chaired by Jim Paugh...

Maiden Holdings Ltd has achieved a second consecutive quarterly profit as losses stabilised and it regained compliance with Nasdaq listings regulations. The Bermudian-based company with insurance subsidiaries providing specialty reinsurance, has repo...

Taxi owners who are policyholders with Colonial Insurance Company can, from today, secure a 15 per cent discount on their annual premiums if they renew their insurance policy before October 1. Naz Farrow, Colonial’s chief executive officer, said the ...

Job losses are not expected as a result of the proposed merger between Bermuda reinsurers Third Point Re and Sirus Group. Two executives who will have senior roles in the new combined company, to be called SiriusPoint, say the deal is focused on crea...

Mike Hoffmann has joined the Everest Insurance to fill a newly created role as head of risk and ceded reinsurance. He will be based in the company’s Bermuda office. Mr Hoffman, who was formerly with Allied World Assurance, will lead a team with respo...

Prices for commercial insurance spiked 19 per cent in the second quarter, broker Marsh reported. It was the largest year-over-year increase recorded by Marsh’s Global Insurance Market Index, since it was launched in 2012 and the eleventh successive q...

Mortgage insurer Essent Group Ltd’s second-quarter earnings took a hit as borrowers were stretched by the economic impact of the pandemic. The Bermudian-based company said net income for the April-to-June period was $15.4 million, a drop of nearly 89...

Investors are putting together capital to create what could become a “class of 2020” group of new insurers, according to the chief executive officer of Third Point Re. But Dan Malloy believes that his company, which announced a proposed merger with f...

A co-founder of Validus Re has joined the advisory board of insurtech firm Insurdata. Stuart Mercer was chief risk officer when Validus Re was established among a wave of new reinsurers on the island that became known as the “Class of 2005”. Insurdat...

Bermuda reinsurers Third Point Re and Sirius Group have agreed to merge in a deal that will form a $3.3 billion combined company. Siddhartha Sankaran, the former chief financial officer of American International Group who was recently named non-execu...

Fidelis has raised more than $1 billion of new capital this year ­— and all of it has already been put to work. The privately held Bermudian reinsurer and specialty insurer doubled its capacity to $2 billion this year, through the raising of $800 mil...

When it comes to building a diverse workforce, Richard Brindle believes that actions count for much more than words. The outspoken chairman and group chief executive officer of five-year-old Bermudian reinsurer Fidelis is the first to concede that th...