Bermuda:Re+ILS

Bermuda-based Everest Reinsurance has promoted Shirine Dajjani to the role of international reinsurance operating officer, based out of Zurich. Read more on the promotion here: https://ow.ly/M6qC50TWj0V #InsuranceNews #BusinessLeadership #Reinsurance

Brookfield Wealth Solutions has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, Bloomberg News has reported. Read the full story here: https://ow.ly/sRHt50TWiU4 #WealthManagement #InsuranceIndustry #BrookfieldWealth

Enstar has restructured its executive team as president Orla Gregory prepares to retire after 21 years with the company. Paul Brockman is appointed as chief commercial officer, a new role, while Adrian Thornycroft becomes chief administrative officer. Read more on the leadership changes here: https://ow.ly/ZkLc50TWiKR #LeadershipChanges #ExecutiveTeam #IndustryInsights

Tributes offered to captives champion Leslie Robinson The Bermuda Captive Network has offered its condolences to the family of former Bermuda Captive Conference chair Senator Leslie Robinson, who died suddenly this week at the age of 57. Grainne Richmond, president of the Bermuda Captive Network added: “Leslie’s unwavering commitment to Bermuda’s captive industry and her passionate advocacy set a standard of excellence and integrity that will be sorely missed.” Read more here: https://ow.ly/OWQc50TWifT #CaptiveInsurance #BermudaCaptive #IndustryTribute

IQUW aims to enhance its underwriting efficiency across its re/insurance platforms through generative artificial intelligence. The Bermuda-based re/insurer has partnered with mea, an AI-driven processing platform for (re)insurers. IQUW Group CEO, Peter Bilsby added: "We're committed to combining intelligent automation and underwriting expertise to maintain our competitive edge and make trading with IQUW seamlessly simple." Read the full story here: https://ow.ly/EMTQ50TVlMg #DigitalTransformation #GenerativeAI #AIInInsurance

Aon predicts that insured losses from catastrophes will surpass the $125 billion recorded in 2023. As of the third quarter, insured losses from at least 280 natural disasters reached $102 billion, with total economic losses at $258 billion. The impact of Hurricane Milton and other events this month are expected to drive insured losses higher than last year's figures. Read more insights here: https://ow.ly/65Yg50TVlnW #NaturalDisasters #CatastropheRisk #EconomicLosses

A recent agreement between Bermuda organizations and Lloyd’s of London will benefit both sides, according to Rosie Denée, Lloyd’s head of innovation. During her visit to Bermuda, she aimed to strengthen ties with the Bermuda Monetary Authority and the Association of Bermuda Insurers and Reinsurers following a memorandum of understanding signed earlier this year. “We've got to a fantastic position where we are seen as the number one Insurance accelerator,” Denee said. Read the full story here: https://ow.ly/6bZc50TVl9e #BermudaInsurance #InsuranceInnovation #LloydsOfLondon

AM Best has affirmed the A- financial strength rating of MAXSEGUROS EPM, the Bermuda-based captive insurer of Colombia’s largest energy producer, Empresas Públicas de Medellín - EPM, with a stable outlook. Read more insights here: https://ow.ly/lglM50TUoyM #FinancialStrength #InsuranceIndustry #CaptiveInsurance

IGI - International General Insurance Co. Ltd. is today moving its London operations to new offices in the “Walkie-Talkie” Building at 20 Fenchurch Street. “The IGI Group has grown substantially over the past five years and our London team has expanded as we have entered new lines and markets and enhanced the teams that support our global underwriting.” said Waleed Jabsheh, IGI president and chief executive officer, who is based in London. Read the full story here: https://ow.ly/8mR050TUom5 #InsuranceIndustry #LondonBusiness #GlobalUnderwriting

Price Forbes Bermuda has promoted Carrie Kelley to the role of chief executive officer as the broker aims for further growth. Chris Bonard, CEO of Ardonagh Specialty (Bermuda) Ltd and group president of Price Forbes Re, said: “Our business is in an exciting phase and Carrie’s extensive experience and leadership within the Bermuda and US markets make her the perfect choice to lead us into our next chapter.” Read more on the appointment here: https://ow.ly/Ptpw50TUofh #BermudaBusiness #ExecutiveAppointment #BusinessLeadership