Bermuda insurance market news
Top-three ILS player boosts Bermuda operations
Bernina Re will become the flagship underwriting unit for Credit Suisse's ILS funds.
Fitch removes Sirius ratings from negative watch
Financial difficulties of China Minsheng Investment Group have “not meaningfully weakened” the insurer, Fitch said.
Third Point Re working with JP Morgan as it reviews options
Moves under consideration include acquisitions, as well as merger deals.
Maiden moving headquarters from Bermuda to Vermont
The company says it wants to “better align its operations, capital and resources" with its liabilities.
RenRe pegs pre-tax Q3 cat losses at $155mn
The reinsurer expects to take a $100mn charge from Faxai and assume $55mn of Dorian liabilities.
Everest Re Q3 pre-tax cat loss estimate lands at $280mn
Dorian is estimated to have caused $160mn in claims for NYSE-listed (re)insurer.
Voce calls for fresh Argo director cull after SEC subpoena
The five directors the activist wants out include chairman Gary Woods.
PartnerRe CFO Bonaccorso to leave
Zurich Insurance’s Nicolas Burnet will replace the CFO, who is to pursue an Exor-backed “entrepreneurial venture”.