Ed Broking to Open Bermuda Operation

Article 0 Comments Ed, the London-based reinsurance, wholesale and specialty broker, announced that it will expand its international footprint by setting up a broking platform in Bermuda. Once approved by the Bermuda Monetary Authority, the operation will be built and led by Chris Bonard, who is currently president & CEO, […]

Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy

Article 0 Comments Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from 23 ABIR members showed ABIR’s aggregate direct […]

Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best

Article 1 Comments Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are taxed. How the territory’s market has responded to evolving regulation and adjusted to competition […]

Bermuda Monetary Authority Sees Increase in Re/Insurance Registrations in 2018

Article 0 Comments The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations. Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include three Class E long-term (life) commercial re/insurers and one general business Class 4 general business commercial re/insurer, […]

Aon Benfield Bermuda Hires Carpenter’s Meyenhofer as CEO; Fox & Davies Promoted

Article 0 Comments Aon Benfield announced a new hire and expanded roles for its reinsurance team in Bermuda. Matthias Meyenhofer will join the firm on Sept. 1, in accordance with his existing contractual requirements, as chief executive officer of Aon Benfield Bermuda, subject to Bermuda Immigration approval. Meyenhofer joins from […]