The collapse of Baltimore’s Francis Scott Key Bridge looks set to leave insurers facing a big hit. One industry analyst says claims could go as high as $4 ... Show more
Quick Glance: Survivors of Baltimore Bridge Collapse: Workers in Their Cars
- Julio Cervantes survived bridge collapse, others missing or dead
- Construction workers were in their cars when ship hit bridge
- Two bodies found, four missing, presumed dead
- President Biden promises bridge reconstruction
Bridge collapse in Baltimore: insurance companies face billions in damage: Rebuilding the bridge alone is expected to cost $1.2 billion.
diepresse.com/18315679/brueckeneinsturz-in-baltimore-auf-versicherungen-kommt-ein-milliardenschaden-zu
Munich Re: The wrong horse?: HSBC downgrades Munich Re and Hannover Re, recommends other reinsurance shares.
deraktionaer.de/artikel/aktien/munich-re-das-falsche-pferd-20354061.html
Insurer Swiss Re sounds the alarm: number of natural disasters rises to record levels
diepresse.com/18311120/versicherer-swiss-re-schlaegt-alarm-zahl-der-naturkatastrophen-steigt-auf-rekordniveau
Insurance industry: collapse could be the biggest marine loss of all time: The bridge collapse could cost two to four billion dollars. For the insurance industry ...
faz.net/aktuell/finanzen/finanzmarkt/nach-brueckeneinsturz-viele-versicherungen-teilen-sich-baltimore-schaden-19617360.html
ILS Bermuda sets dates for Convergence 2024: ILS Bermuda has announced the dates for Convergence 2024, its annual conference for professionals in the alternative ...
royalgazette.com/international-business/business/article/20240327/ils-bermuda-sets-dates-for-convergence-2024/
S&P Global assigns rating to Bermuda’s Cavello Bay Re: S&P Global Ratings has assigned an Insurer Financial Strength Rating of “A” with stable outlook to ...
royalgazette.com/reinsurance/business/article/20240326/sp-global-assigns-rating-to-bermudas-cavello-bay-re/
Natural disasters cost insurers $108bn in 2023 - Swiss Insurance firm: Natural disasters caused $280bn in damage worldwide in 2023, including $108 billion ...
punchng.com/natural-disasters-cost-insurers-108bn-in-2023-swiss-insurance-firm/
Reinsurer: Hannover Re creates separate division for cyber risks: Business with insurance cover for hacker attacks is booming. Hannover Re is now combining its ...
handelsblatt.com/finanzen/banken-versicherungen/versicherer/rueckversicherer-hannover-rueck-schafft-eigenen-bereich-fuer-cyber-risiken/100027850.html
Jim Williamson promoted at Everest Group : Everest Group Ltd, the Bermudian-based company, has promoted Jim Williamson to lead its reinsurance and insurance ...
royalgazette.com/reinsurance/business/article/20240325/jim-williamson-promoted-at-everest-group/
Bermuda market veteran to take on top role for Guy Carpenter: Bermuda market veteran Ben Savill is on the move. He has been appointed CEO of Pacific at Guy ...
royalgazette.com/reinsurance/business/article/20240325/bermuda-market-veteran-to-take-on-top-role-for-guy-carpenter/
Sompo International is newest Abir member: Emmanuel Brulé, chief risk officer of Sompo International Holdings Ltd., is joining the board of directors of the ...
royalgazette.com/reinsurance/business/article/20240324/sompo-international-is-newest-abir-member/
Munich Re: Prominent new additions: Ex-Bundesbank boss Weidmann and Siemens boss Busch are to join Munich Re's supervisory board.
deraktionaer.de/artikel/aktien/munich-re-prominente-neuzugaenge-20353574.html
David Cary joins Brit in Property Treaty role : David Cary has been appointed to the role of deputy head of Property Treaty, Bermuda, at Brit Ltd ...
royalgazette.com/reinsurance/business/article/20240318/david-cary-joins-brit-in-property-treaty-role/
Insurance start-up has a distinctly Bermudian flavour: Two Bermudian-based reinsurers are among the backers of Dellwood Insurance Group, which has been set up by ...
royalgazette.com/reinsurance/business/article/20240318/insurance-start-up-has-a-distinctly-bermudian-flavour/
Three senior promotions at Arch Re Group: Three senior executives – Jerome Halgan, Vanessa Hardy Pickering and Lester Pun – will be promoted at Arch Reinsurance ...
royalgazette.com/article/article/20240313/three-senior-promotions-at-arch-re-group/
Munich Re: The next record day: Munich Re shares reach new record high of over 442 euros; AGM expected on April 25th.
deraktionaer.de/artikel/aktien/munich-re-der-naechste-rekordtag-20352872.html
Wilton Re to sponsor Devonshire Colts youth programme for four years: Devonshire Colts have secured a new lead sponsor for their youth programme in Wilton ...
royalgazette.com/soccer/sport/article/20240313/wilton-re-to-sponsor-devonshire-colts-youth-programme-for-four-years/
AM Best affirms ratings of Arch Capital and subsidiaries : AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ...
royalgazette.com/reinsurance/business/article/20240312/am-best-affirms-ratings-of-arch-capital-and-subsidiaries/
James River seeks to enforce closing of JRG Re sale: Bermudian-based James River Group Holdings Ltd has commenced litigation against Fleming Intermediate ...
royalgazette.com/reinsurance/business/article/20240311/james-river-seeks-to-enforce-closing-of-jrg-re-sale/
Natasha Scotland Courcy is WiRe’s Woman of the Year: Natasha Scotland Courcy has been named Woman of the Year 2024 by Women in Reinsurance ...
royalgazette.com/reinsurance/business/article/20240311/natasha-scotland-courcy-is-wires-woman-of-the-year/
Patrick Rastiello tabbed as Equinox Underwriting leader: Ardonagh Specialty has appointed Patrick Rastiello as chief executive officer of Equinox Underwriting ...
royalgazette.com/reinsurance/business/article/20240311/patrick-rastiello-tabbed-as-equinox-underwriting-leader/
Roman Romeo to take on CEO role at Aon Bermuda unit: Aon has appointed Roman Romeo as chief executive officer of its Reinsurance Solutions Bermuda unit ...
royalgazette.com/reinsurance/business/article/20240305/roman-romeo-to-take-on-ceo-role-at-aon-bermuda-unit/
Africa Specialty deal to help vulnerable populations : Africa Specialty Risks, the pan-African focused insurance and reinsurance group with an operation in ...
royalgazette.com/reinsurance/business/article/20240305/africa-specialty-deal-to-help-vulnerable-populations/
Why parametric insurance could be invaluable in provide climate disaster relief
Parametric insurance and #reinsurance could become an important part of the relief ... Show more
Two Home Insurers Eye Rate Hikes Of More Than 50% In Florida: Home insurance costs are rising in Florida and other states due to severe weather ...
kiplinger.com/personal-finance/home-insurance/two-home-insurers-eye-rate-hikes-in-florida
SiriusPoint in new trading partnership with Swedish firm: A Bermuda-headquartered global underwriter of insurance and reinsurance has a new strategic trading ...
ow.ly/TjKF105jj0h
Higher premiums: Hannover Re can adjust the price scale: In the renewal round, the reinsurer was able to achieve higher premiums and confirms its annual outlook ...
faz.net/aktuell/wirtschaft/unternehmen/hannover-rueck-setzt-hoehere-preise-durch-ausblick-2024-bestaetigt-19502745.html
Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs
cnbc.com/2024/02/16/insurance-giant-swiss-re-posts-580percent-jump-in-full-year-profit.html
Centennial appoints seasoned finance professional to board: Centennial Bermuda Foundation has appointed Michelle Smith as a board director ...
royalgazette.com/general/news/article/20240204/centennial-appoints-seasoned-finance-professional-to-board/
Juniper Re announces new island subsidiary: Juniper Re, the reinsurance broking arm of BRP Group, Inc, is opening Bermuda operations through its Bermudian ...
royalgazette.com/international-business/business/article/20240305/juniper-re-announces-new-island-subsidiary/
AM Best removes two Validus entities from under review : AM Best has removed from under review with developing implications and affirmed the financial strength ...
royalgazette.com/reinsurance/business/article/20240303/am-best-removes-two-validus-entities-from-under-review/
Munich Re: New price targets are coming: Munich Re share: Analysts increase price targets after strong 2023 figures and high dividend.
deraktionaer.de/artikel/aktien/munich-re-es-hagelt-neue-kursziele-20351568.html
Good response to road shows, ahead of likely GIC Re OFS: If the norms are unmet by August, the government will have to extend the time for another year.
financialexpress.com/money/insurance-good-response-to-road-shows-ahead-of-likely-gic-re-ofs-3408407/
Wall Street titans are betting big on insurers. What could go wrong?: How private-markets giants are overhauling the financial system
economist.com/finance-and-economics/2024/01/23/wall-street-titans-are-betting-big-on-insurers-what-could-go-wrong
Thomas Bradley joins board of Palomar Holdings: Thomas Bradley, the former executive chairman and chief executive officer of Argo Group ...
royalgazette.com/reinsurance/business/article/20240301/thomas-bradley-joins-the-board-of-palomar-holdings-inc/
James River Group reports net loss of $152.8 million in Q4: Bermudian-based James River Group Holdings Ltd has reported a net loss available to common ...
royalgazette.com/reinsurance/business/article/20240229/james-river-group-reports-net-loss-of-152-8-million-in-q4/
CEOs to discuss capital at Bermuda Risk Summit: A panel of Bermuda reinsurance leaders will offer a unique lens into optimising capital deployment ...
royalgazette.com/reinsurance/business/article/20240229/ceos-to-discuss-capital-at-bermuda-risk-summit/
Fresh questions over Everton takeover with 777 set to lose major source of funding
theathletic.com/5306118/2024/02/29/everton-takeover-777-funding-news/
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Ron Lockton returns as CEO: Ron Lockton has returned to his former role as chief executive of Lockton Companies, the global insurance and reinsurance broker with ...
royalgazette.com/reinsurance/business/article/20240228/ron-lockton-returns-as-ceo/
Munich Re profit lower in FY23, raises dividend, sees better FY 24: The German reinsurance giant Munich Re said on Tuesday that its net result for the fourth ...
nordot.app/1135141429106491690
Everest Group: Navigating The Insurance Landscape With Strategic Expansion And Strong Reinsurance Tailwinds
seekingalpha.com/article/4673637-everest-group-q4-earnings-strategic-expansion-strong-reinsurance-tailwinds
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Reinsurer: Munich Re increases dividend and buys back shares: The world's largest reinsurer is benefiting from the favorable market environment and has recently ...
handelsblatt.com/finanzen/banken-versicherungen/versicherer/rueckversicherer-muenchener-rueck-erhoeht-dividende-und-kauft-aktien-zurueck/100018587.html
Munich Re (MUV2 GR) to Return €3.5 Billion Through New Buyback, Dividend: German reinsurance giant Munich Re announced plans to return about €3.5 billion ($3 ...
bloomberg.com/news/articles/2024-02-26/munich-re-to-return-3-5-billion-through-buyback-dividend
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Global Atlantic closes $10bn deal with Manulife: Bermudian-based Global Atlantic Financial Group has closed its $10 billion reinsurance transaction with Manulife ...
royalgazette.com/reinsurance/business/article/20240223/global-atlantic-closes-10bn-deal-with-manulife/
BMS Re names co-CEOs: Andrew Wheeler and Russ McGuire have been appointed as interim co-CEOs of BMS Re, the specialty reinsurance arm of global broker BMS Group ...
royalgazette.com/reinsurance/business/article/20240201/bms-re-names-co-ceos/
AM Best: insurers expanding existing footprints in Bermuda: Some insurers are looking to expand existing reinsurance footprints in Bermuda through affiliated or ...
royalgazette.com/international-business/business/article/20240222/am-best-insurers-expanding-existing-footprints-in-bermuda/
Everest Group promotes two to key leadership roles: Jill Beggs and Jiten Voralia have been promoted to key leadership positions in the Reinsurance division of ...
royalgazette.com/reinsurance/business/article/20240222/everest-group-promotes-two-to-key-leadership-roles/
Alex Kirkby appointed to lead new Ascot portfolio: Ascot, the Bermudian-based global specialty insurance company, has launched a Marine & Energy Treaty ...
royalgazette.com/reinsurance/business/article/20240221/alex-kirkby-appointed-to-lead-new-ascot-portfolio/
BMS appoints Craig Douglas to lead role: Craig Douglas has joined the Bermuda office of BMS Group, the specialist insurance and reinsurance broker ...
royalgazette.com/reinsurance/business/article/20240220/bms-appoints-craig-douglas-to-lead-role/
Commercial insurance prices will level off this year says broker Howden: Cost of business cover predicted to moderate after period of inflation ...
ft.com/content/eb053650-3f56-4f79-ac4e-a39a866eee64
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Boost’s strategic partners include RenRe, Canopius: Boost Insurance, the insurance infrastructure platform, has secured more than $130 million in new reinsurance ...
royalgazette.com/reinsurance/business/article/20240216/boosts-strategic-partners-include-renre-canopius/
Reinsurers generally favoured by market conditions: This year’s Q4 earnings reporting season has been full of surprises, both positive and negative.
Notably ...
royalgazette.com/reinsurance/business/article/20240216/reinsurers-generally-favoured-by-market-conditions/
Palomar Specialty Re parent in $79.2m profit: Palomar Holdings Inc, the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd ...
royalgazette.com/reinsurance/business/article/20240215/palomar-specialty-re-parent-in-79-2m-profit/
Warwick Re completes second transaction: Warwick Re Ltd, the Bermudian-based reinsurance company, has completed its second transaction ...
royalgazette.com/reinsurance/business/article/20240214/warwick-re-completes-second-transaction/
Hagerty Re ratings remain unchanged: The credit ratings of Bermudian-based Hagerty Reinsurance Ltd remain unchanged following the announcement that Hagerty ...
royalgazette.com/reinsurance/business/article/20240214/hagerty-re-ratings-remain-unchanged/
Inver Re appoints Steven Rance as head of Specialty: Bermudian-based Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to ...
ow.ly/Aile105gV5F
Sompo receives licence as primary writer in France: Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty ...
royalgazette.com/reinsurance/business/article/20240213/sompo-receives-licence-as-primary-writer-in-france/
The uninsurable world: what climate change is costing homeowners: Rising premiums are a de facto ‘carbon price’ on consumers as extreme weather events become ...
ft.com/content/ed3a1bb9-e329-4e18-89de-9db90eaadc0b
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Tributes pour in for late Africa Re MD: Stakeholders in the African insurance industry have paid tribute to the immediate past Group Managing Director of African ...
punchng.com/tributes-pour-in-for-late-africa-re-md/
Temporary crossing in place near Front Street building works: A temporary crossing was introduced on Front Street owing to building work for a nine-storey office ...
royalgazette.com/transport/news/article/20240212/temporary-crossing-in-place-at-front-street-building-works/
Reinsurance: Hannover Re is satisfied with the renewals: The reinsurer is raising prices for primary insurers and brokers at the turn of the year ...
handelsblatt.com/finanzen/banken-versicherungen/versicherer/rueckversicherung-hannover-rueck-zeigt-sich-mit-erneuerungsrunde-zufrieden/100010382.html
AM Best affirms ratings of PartnerRe and subsidiaries: New ownership and upcoming changes in the executive suite have had no impact on Bermudian-based PartnerRe ...
royalgazette.com/reinsurance/business/article/20240211/am-best-affirms-ratings-of-partnerre-and-subsidiaries/
Fosun Is Said to Revive Sale of Hong Kong’s $1 Billion Peak Re: Fosun International Ltd. has revived a plan to sell Hong Kong-based Peak Reinsurance Co ...
bloomberg.com/news/articles/2024-02-08/fosun-is-said-to-revive-sale-of-hong-kong-s-1-billion-peak-re
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Canopius Re’s outlook is upgraded by AM Best: AM Best has improved its outlook for Bermudian-based Canopius Reinsurance Ltd and Canopius US Insurance Inc of ...
royalgazette.com/reinsurance/business/article/20240208/canopius-res-outlook-is-upgraded-by-am-best/
Brookfield Re posts $797m profit : Bermudian-based Brookfield Reinsurance has recorded net income of $453 million and $797 million for the three months and year ...
royalgazette.com/reinsurance/business/article/20240208/brookfield-re-posts-net-income-of-797-million-in-fiscal-2023/
Bermuda tax benefit helps propel Everest to record profits: Bermudian-based Everest Group Ltd has reported record annual net income of $2 ...
royalgazette.com/reinsurance/business/article/20240208/bermuda-tax-benefit-helps-propel-everest-to-record-profits/
Insurance results better than expected for 2023: Global reinsurance results were better than expected last year, after significant losses in 2022 ...
royalgazette.com/reinsurance/business/article/20240110/insurance-results-better-than-expected-for-2023/
Citizens CEO says hurricane-insurance-for-all bill would be too expensive for state
sun-sentinel.com/2024/02/06/citizens-ceo-says-hurricane-insurance-for-all-bill-would-be-too-expensive-for-state/
Warwick Re completes first transaction : Bermudian-based Warwick Re Ltd has closed its first reinsurance transaction.
The long-term Class E licence holder closed ...
royalgazette.com/reinsurance/business/article/20240207/warwick-re-completes-first-transaction/
Munich Re and Hannover Re: clear the way!: Munich Re & Hannover Re shares reach new highs, chart technical & fundamental signals positive.
deraktionaer.de/artikel/aktien/munich-re-und-hannover-rueck-bahn-frei-20349879.html
MNRB posts higher net profit, revenue in 3Q: PETALING JAYA: MNRB Holdings Bhd expects a challenging economic environment locally and globally ...
thestar.com.my/business/business-news/2024/02/07/mnrb-posts-higher-net-profit-revenue-in-3q
Howden’s revenue boost fuelled by growing reach: Howden Group Holdings, the global insurance intermediary group with an office in Bermuda ...
royalgazette.com/reinsurance/business/article/20240206/howdens-revenue-boost-fuelled-by-growing-reach/
Somerset Re appoints Thomas Porter as CUO: Bermudian-based Somerset Reinsurance Ltd, a provider of reinsurance solutions to the US life insurance and annuity ...
royalgazette.com/reinsurance/business/article/20240201/somerset-re-appoints-thomas-porter-as-cuo/
Accelerant takes their business to Cayman: Four years after announcing plans to set up a class 3 reinsurance carrier in Bermuda, Accelerant has changed plans and ...
royalgazette.com/reinsurance/business/article/20240131/accelerant-takes-their-business-to-cayman/
Jireh Connect chief ‘couldn’t be more pleased with early success’: Bermudian-based Jireh Connect, the new digital platform that allows reinsurance brokers to ...
royalgazette.com/reinsurance/business/article/20240131/jireh-connect-chief-couldnt-be-more-pleased-with-early-success/
Demolition begins at 91 Front Street: Work to clear out and tear down a Front Street building to construct a nine-storey office block has begun ...
royalgazette.com/general/news/article/20240130/demolition-begins-at-91-front-street/
Africa Specialty Risks to set up in Dubai: Africa Specialty Risks, the pan-African focused insurance and reinsurance group with an operation in Bermuda ...
royalgazette.com/reinsurance/business/article/20240130/africa-specialty-risks-to-set-up-in-dubai/
ESG: Climate Change Risks Raising South Africa Premiums, Insurer Says: Climate change poses the most significant threat for South African insurance companies and ...
bloomberg.com/news/articles/2024-01-29/climate-change-risks-raising-south-africa-premiums-insurer-says
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