Mahmoud Abdallah Appointed To Validus Board

Mahmoud Abdallah, Chairman and Chief Executive Officer of MISR Insurance Holding Company, has been appointed to the Board of Directors of Bermuda based Validus Holdings, effective immediately. The appointment will expand Validus’ Board to ten members. “We are delighted to welcome Mahmoud to the Validus Board,” said Ed Noonan, Validus’ Chairman and Chief Executive Officer. [...]

AXIS Capital Announces Management Transitions

AXIS Capital Holdings Limited yesterday [Apr.17] announced the details of management transitions in AXIS Re, which will become effective over the balance of the year. At the end of this year, Karl Mayr [Pictured left], currently CEO and President of AXIS Re Europe, reporting to Jay Nichols, CEO of AXIS Re, will retire as CEO [...]

Bermudian Appointed Chief Underwriter In Brazil

Bermudian Gino Smith has been appointed as XL Group’s Latin America Regional Chief Underwriter, effective immediately. Mr. Smith will remain in São Paulo, Brazil where he has been based for the past two years. Mr. Smith, who is fluent in English, Spanish, and Portuguese, has worked at XL for 12 years. During this time he [...]

2012 Clements Scholarship Applications Deadline

Named after one of the founding fathers of the Bermuda re/insurance industry, the closing date for the 2012 Robert Clements/ACE Scholarship applications is April 30. The scholarship is awarded annually to a qualified Bermudian student studying full time towards a degree in subjects related to the insurance industry such as insurance, risk management, actuarial science, [...]

Allied World Appoints Barrett Senior VP

Allied World Assurance Company Holdings, AG announced that Joseph Barrett has been appointed Senior Vice President, Global Marine and Specialty, for Allied World Reinsurance Company. Mr. Barrett will report directly to Kevin Marine, Executive Vice President, International & Global Specialty, and will oversee the Crop, Energy and Specialty Property Treaty lines of business. Mr. Marine [...]

Local Awarded Grady-White Specialist Certification

Michael Araujo, president of Bermuda’s A&P Marine, has been awarded a Grady-White Boats Product Specialist certification. Mr. Araujol travelled to Grady-White’s Greenville, North Carolina manufacturing plant where the firm hosted various sessions. Welcomed by Grady White’s Vice President Joey Weller, Michael along with other attendees from around the world were able to participate in sessions that included: [...]

OIL Holds AGM At Fairmont Southampton

Bermuda-based Oil Insurance Limited [OIL] held its 2012 Annual General Meeting [AGM] on March 28 at the Fairmont Southampton Hotel. OIL Chairman, Trygve Imsland, opened the meeting by welcoming the Shareholders to the 40th anniversary of the company and explaining how the company had grown from 1972 to 2012. Robert Stauffer, President & Chief Executive [...]

Becker To Host Alterra Conference Call

Bermuda-based Alterra Capital Holdings Limited today [Apr.4] announced that it will release Q1 2012 financial results after the market close on May 9, 2012. Headquartered in Hamilton, Alterra Capital Holdings Limited is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities and property and casualty insurers. Alterra will [...]

S&P: Angelina Departure Won’t Impact Ratings

Standard & Poor’s Ratings Services said today [Apr. 3] that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. [BBB+/Stable] and its core subsidiaries [all rated A/Stable] are not affected by the recent announcement of the retirement of Michael Angelina as Chief Actuary and Chief Risk Officer. S&P believes that Endurance has a strong management team with considerable [...]

Flagstone To Sell Lloyd’s Operation For $48M

Bermuda’s Flagstone Reinsurance Holdings said today [Apr.3] it will sell its Lloyd’s operations to specialty insurance business ANV Holdings BV for about $48 million in cash. Bermuda Flagstone will also release about $162 million in underwriting capital that is currently supporting the unit’s operations. Flagstone’s Lloyds segment includes the business generated for Lloyd’s Syndicate 1861 [...]

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