Mullen Named CEO of Artex; McManus Becomes Chairman

Article 0 Comments Artex Risk Solutions, the Bermuda-based alternative risk management solutions provider, announced that Peter Mullen has re-joined the company as chief executive officer, with David McManus assuming the new role of chairman. The move was first announced in March 2018. Artex was founded in 1997 by Mullen, McManus […]

Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual

Article 0 Comments Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd’s, announced it has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency Ltd. platform at Lloyd’s and Ironshore Europe DAC (IEDAC). Financial details of the deal, […]

Lexington’s Grippo Joins Sompo Pro to Lead U.S. Architects & Engineers Practice

Article 0 Comments Bermuda-based specialty insurer Sompo International Holdings Ltd. reported that Steven E. Grippo has joined Sompo Pro as senior vice president where he will lead the unit’s U.S. Architects & Engineers practice. Grippo brings to Sompo nearly 30 years of experience as a professional liability underwriter serving architects, […]

Argo Group Becomes Member of Global Insurance Network, GBN Worldwide

Article 0 Comments Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, has become a member and network partner of GBN, a global insurance network of insurers, reinsurers, independent brokers and specialty suppliers, which operates in more than 140 countries. Brokers and local insurance companies grant partners mutual market access […]

Sirius Group Appoints Oberting as CEO, Salamone as CFO

Article 0 Comments Sirius International Insurance Group, Ltd., the Bermuda-based multi-line insurance and reinsurance group, announced its board of directors has elected Kernan (Kip) V. Oberting to succeed Allan L. Waters as chief executive officer of Sirius Group. Oberting will be succeeded as chief financial officer by Ralph A. Salamone. […]

‘Resilient’ Bermuda Reinsurance Market Copes with U.S. Tax Reform, Catastrophes

Article 0 Comments Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective regulatory backdrop and Solvency II equivalence,” according […]

Argo Estimates Losses from Q4 Natural Catastrophes, Other Claims to Hit $44M

Article 0 Comments Argo Group International Holdings, Ltd., the Bermuda-based re/insurer, announced a preliminary pre-tax catastrophe loss estimate of $32 million for the fourth quarter of 2018, primarily related to Hurricane Michael and the California wildfires. Additionally, the company’s fourth quarter 2018 results will be affected by higher than expected […]

Argo Group Renews Harambee Re Sidecar for 2019

Article 0 Comments Argo Group International Holdings Ltd., the Bermuda-based specialty insurer and reinsurer, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2019. Launched in 2013, the sidecar continues Argo Group’s successful track record of building relationships with third-party capital providers to support the company’s […]

Charman Promoted to CEO of Sompo Holdings’ Overseas Insurance; Frudd Named Int’l CEO

Article 0 Comments Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that John Charman, currently chairman of the board of directors and chief executive officer of Sompo International, will be promoted to chief executive officer of Overseas Insurance Business in Sompo Holdings […]

Sompo International Forms Cyber Team, Expands Insurance Offering

Article 0 Comments Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its cyber insurance capabilities with the introduction of a dedicated U.S. team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk […]