RECENT NEWS
Insurance Journal  Apr 15  Comment 
Validus Reinsurance, Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has announced a number of underwriting promotions in its Bermuda office, “strengthening the capabilities and breadth of its global reinsurance team.” The promotions...
Insurance Journal  Apr 6  Comment 
The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said: “The companies write insurance...
Insurance Journal  Apr 2  Comment 
Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range of Bermuda based operations “in...
Insurance Journal  Apr 2  Comment 
BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range. ABR Reinsurance Capital Holdings Ltd. raised the funds through a private...
Insurance Journal  Mar 31  Comment 
ACE Group has created a new business unit – ACE International Excess (AIE) – to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be modeled after ACE Bermuda...
Insurance Journal  Mar 20  Comment 
BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR Reinsurance Capital Holdings Ltd. and is based...
Insurance Journal  Mar 20  Comment 
A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance (USA) Ltd. (TPRUSA) (Bermuda). A.M....
Insurance Journal  Mar 16  Comment 
ACE Bermuda International announced the launch of an additional D&O liability insurance capability for multinational companies based outside of North America. The new capability allows ACE to issue CODA Premier® policies directly through ACE’s...
Insurance Journal  Mar 5  Comment 
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee the reinsurer’s assets, the New York-based...
Insurance Journal  Mar 2  Comment 
Jardine Lloyd Thompson Group plc announced that JLT PARK will be rebranded as JLT Specialty Bermuda. This change became effective on March 1, 2015, subject to regulatory approval. JLT also is announcing a number of senior management changes for...




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