Bermuda:Re+ILS’ Post

Hampden Agencies behind largest private capital-backed Lloyd’s syndicate for 30 years The Fidelis Partnership announced today that Lloyd’s has granted “in principal” approval for the launch of the Fidelis Syndicate 3123 in collaboration with Fidelis Insurance Group, a global speciality insurer, and Hampden Group, the largest provider of private capital to Lloyd’s. Alistair Wood, Hampden Agencies CEO, said: “Hampden Agencies is delighted to be so closely involved in this new syndicate, which demonstrates the important role of private capital in the Lloyd’s market and our ability to access that capital with scale. This is a great opportunity for private investors to enjoy the returns from prudent and profitable underwriting.” To learn more, please visit https://lnkd.in/gESRJCXQ For more information about the benefits of being a capital provider at Lloyd’s and the support Hampden Agencies provides, please visit https://lnkd.in/eeyJUHk or contact Alistair Troughton. #investment #investmentstrategies #investmentopportunity #investmentinsights #alternativeinvestments #assetallocation #assetmanagement #fundmanagers #familyoffice #wealthmanagement #wealthadvisor #wealthcreation #highnetworthindividuals #hnwi #estateplanning #inheritanceplanning #londonmarket #lloydsoflondon #insurance #insuranceindustry #insuranceagents #insurancecompanies #insuranceadvisor (Capital may be at risk)

AM Best also affirmed the financial strength ratings of A (Excellent) of Fidelis Insurance Bermuda, Fidelis Underwriting and Fidelis Insurance Ireland Designated Activity Company. Read the article for details: https://ow.ly/EyOW50QHNkh #Bermuda #Insurance #Reinsurance

Everest Insurance believes it has fully ring-fenced the problem areas of its 2016-2019 casualty book that merited massive new reserves and expects no spillover into later years, related lines or its reinsurance segment, top officials have argued. Read the article for more: https://ow.ly/chWo50QzAsQ #Insurance #Reinsurance #Casualty

With many businesses and real estate owners considering alternatives to traditional insurance, our alternative risk team has put together a helpful article on fronted programs. If you have any questions, don't hesitate to contact me or a member of the Lockton team. Check out the article here: https://lnkd.in/epKmntFk #riskmanagement #AlternativeRisk #Locktonlife

Discover insights about reinsurers and why they are critical to help navigate the turbulent property market trends in this recent LinkedIn article by my colleague, Julie Friedly. #MarshMMA #Insurance

Discover insights about reinsurers and why they are critical to help navigate the turbulent property market trends in this recent LinkedIn article by my colleague, Julie Friedly. #MarshMMA #Insurance

Inside P&C’s morning summary of the key stories to get you up to speed fast. http://spr.ly/6041uMvJS #reinsurance #insurance

Universal Insurance Holdings Inc (UVE) Insurance Holdings Inc. (NYSE: UVE) Reports Second Quarter 2024 Results “In the quarter, we delivered a solid 30.5% annualized adjusted return on common equity and 35.6% adjusted diluted EPS growth year-over-year,” said Stephen J. Donaghy, Chief Executive Officer. “Results were driven by strong underwriting performance and we continue to see encouraging claims and litigation trends. Florida policies in force increased sequentially for the second quarter in a row and overall policies-in-force increased year-over-year for the first time since 2021. As we mentioned previously, we completed the placement of our 2024-2025 reinsurance renewal for our insurance entities. We’re very pleased with the outcome of the program and the support we received from our longstanding reinsurance partners and from new partners as well. Importantly, despite having substantially more demand for private market reinsurance following the expirations of the Reinsurance to Assist Policyholders (RAP) layer and our catastrophe bond, the overall cost of our program was only up modestly.” [Link to full release in the comments] #insurance #UVE #UniversalInsuranceHoldings #earnings #Q2

CFC announces leadership changes after a completed Lloyd’s investigation. Louise O. steps in as the new group CEO, bringing a wealth of experience to navigate this phase. https://hubs.la/Q02bnYx60 #InsuranceIndustry #LeadershipTransition #Insurance #InsuranceNews

James River Insurance Company Announces Legacy #Reinsurance Agreement with State National Companies (SNC) Insurance Company. Under the terms of the agreement, State National will provide $160.0 million of adverse development reinsurance coverage for James River’s Excess and Surplus Lines segment casualty portfolio for accident years 2010-2023 (both years inclusive), subject to a 15% co-participation by the Company. The reinsurance structure has no coverage sublimits but does exclude exposure to the Company’s former large commercial auto insured, with the vast majority of that exposure already subject to a previously executed loss portfolio transfer. James River will retain claims management. State National is rated “A” (Excellent) by AM Best. Frank D'Orazio, the Company’s Chief Executive Officer, commented, “We are pleased to have successfully completed a significant legacy reinsurance transaction with a highly rated carrier that is consistent with the Company's track record of de-risking the organization while bolstering the balance sheet and providing improved certainty to our stakeholders.” https://lnkd.in/eXSq3nfp