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, […]

Insurers, Reinsurers Can Handle Hurricane Michael Losses: Fitch

Article 0 Comments The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane Michael will push 2018 closer to a more normal catastrophe loss year, following a relatively benign […]

Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe

Article 0 Comments Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving regulatory approvals. As a result of this transaction, Apollo Global Management has become the majority shareholder of Catalina, […]

Broker THB Taps Bertelkamp from Ansvar Insurance as European Operations Director

Article 0 Comments THB, the London-based specialist re/insurance broker and AmWINS subsidiary, announced the appointment of Ko Bertelkamp as operations director of THB Europe, effective immediately. Ko Bertelkamp is based in Amsterdam and reports to Ricardo Borges, managing director, THB Europe. The appointment follows last month’s announcement of the THB […]

Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

Article 0 Comments Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines […]

UK-Based United Insurance Brokers Launches Colombian Retail Operation

Article 0 Comments London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO of parent company UIB International. “Colombia is a stable country with a strong economy […]

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, […]

UK Broker BMS Launches Innovation Lab to Drive Company, Industry Transformation

Article 0 Comments BMS Group Ltd., the London-based re/insurance broking arm of Minova Insurance, announced the launch of BMS Innovation Labs, a platform that aims to drive change and innovation within the company and the wider insurance industry. BMS Innovation Labs will focus on how to deliver the best possible […]

Beach Forms Specialty/Wholesale Unit to Be Led by Sutton & Humphreys from Integro

Article 0 Comments Beach, the London-based re/insurance broker, announced the formation of a new specialty and wholesale platform to be headed by former Integro leaders John Sutton and Toby Humphreys. Humphreys and Sutton previously held joint leadership roles at Integro UK for over a decade, with Humphreys serving as chairman […]