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S&P downgrades Vantage following Howard Hughes acquisition
5+ hour, 2+ min ago (324+ words) S&P Global Ratings has downgraded Vantage Group Holdings and its core insurance subsidiaries following the company's acquisition by Howard Hughes Holdings, citing the lower credit quality of its new parent rather than any deterioration in the insurer's operating performance....
Willis Re hires Ogilvie and Dart from Guy Carpenter for London and Bermuda roles
5+ hour, 2+ min ago (245+ words) Willis Re has appointed former Guy Carpenter executives Jonathan Ogilvie as global head of non-marine specialties and Chris Dart as head of treaty reinsurance, Bermuda, as the broker continues to expand its global reinsurance platform. In their new roles, Ogilvie…...
Everest launches $600m Annapurna Re sidecar with Stone Point backing
15+ hour, 2+ min ago (316+ words) Bermuda Re - Everest launches $600m Annapurna Re sidecar with Stone Point backing Everest has partnered with Stone Point Capital to launch Annapurna Re, a Bermuda-based casualty reinsurance sidecar expected to deploy approximately $600 million of third-party capital to support the company's global…...
Ariel Re promotes Shreeve to chief commercial officer to drive growth strategy
15+ hour, 2+ min ago (128+ words) Ariel Re has promoted Bermuda-based Tim Shreeve to chief commercial officer as the reinsurer looks to identify emerging opportunities and support the development of new initiatives across its business. Shreeve "has been promoted to the role after serving as head…...
Axis appoints Mc Kinsey's Patiath to board to bolster digital transformation strategy
15+ hour, 13+ min ago (284+ words) Axis Capital has appointed Pradip Patiath as an independent director, adding expertise in digital strategy, artificial intelligence and enterprise transformation to its board as the specialty insurer continues to advance its growth ambitions. Patiath is a senior partner at Mc…...
BILTIR appoints Coslow as director of policy and regulation
15+ hour, 2+ min ago (270+ words) Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Todd Coslow as director of policy and regulation, strengthening its engagement on legislative and regulatory matters affecting Bermuda's long-term re/insurance sector. Coslow has joined the Bermuda International Long Term…...
Prudential appoints Cotter to lead new wealth business and Bermuda expansion
15+ hour, 2+ min ago (160+ words) Prudential has created a standalone wealth business and appointed Donna Cotter as chief executive officer of wealth and Bermuda as the insurer expands its high-net-worth offering and establishes a Bermuda presence. The appointment forms part of Prudential's strategy to capture…...
Howard Hughes completes $2. 1bn Vantage acquisition
1+ week, 10+ hour ago (171+ words) Howard Hughes Holdings has completed its acquisition of Bermuda-based specialty re/insurer Vantage Group Holdings in an all-cash deal worth about $2. 1 billion. The deal, announced in December 2025, provides long-term capital support and additional balance sheet strength, positioning Vantage as the…...
Distinguished launches property-focused reinsurance arm
1+ week, 9+ hour ago (222+ words) US P&C MGA Distinguished, a White Mountains subsidiary, has expanded into the reinsurance market with the launch of Distinguished Reinsurance (Distinguished Re), marking its first move into the sector and opening with a property reinsurance platform. Led by Aspen's…...
Miller hires Mc Gill, Aon veteran Peter Stubbings as Bermuda reinsurance chair
1+ week, 10+ hour ago (336+ words) Bermuda Re - Miller hires Mc Gill, Aon veteran Peter Stubbings as Bermuda reinsurance chair Miller has strengthened its Bermuda reinsurance and retrocession operations with the appointment of Peter Stubbings as chairman of its Bermuda business, supporting the broker's continued expansion…...