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Bermuda:Re+ILS Spring 2016

40 Spring 2016 Bermuda:Re/insurance+ILS SPECIALTY TEAMS Everest Re has a significant portfolio of pro-rata and excess of loss-type treaties. Lines of business include, but are not limited to, specialty. The firm will consider opportunities from US and non-US domiciled businesses insurance companies. Within the property and specialty arena a number of different products are written: Niche/specialty One-off programmes in niche classes including reinsurance of MGAs of various classes of specialty business. The Bermuda team has access to the group’s diverse array of actuarial and modelling resources and historical experience spanning many lines of business which gives it the ability to analyse almost any risk. Key executives Sanjoy Mukherjee, managing director and CEO of Everest Re Bermuda. He also serves as executive vice president, general counsel, corporate secretary and chief compliance officer for Everest Re Group. Peter Bell, deputy managing director and head of the property and specialty team; Cindy Hooper, underwriter. Hamilton Re Hamilton Re is a Bermuda-based Class 4 property and casualty re/ insurer, with an established, balanced book of business in its fifth year of growth. Shareholders’ equity at December 31, 2015 was over $1.4 billion. Hamilton Re wrote $206 million of gross premiums in 2015, and is forecast to write $250 million in 2016. The firm is rated ‘A-’ (Excellent) with a stable outlook by AM Best and an AM Best Financial Size Category of Class XIII. Hamilton Re can provide capacity of up to $20 million per programme on any specialty placement. Hamilton Re’s specialty reinsurance team underwrites accident & health, agriculture including crop, bloodstock and livestock, aviation, marine & energy, financial lines including mortgage and structured credit, personal accident, space, terrorism, and workers’ comp cat. The flexible team structure allows it to provide support for multi-line /composite programmes. Hamilton Re’s portfolio is a mix of proportional, excess of loss treaties and aggregate structures. Says the firm: “Our broad client base includes Lloyd’s syndicates, mutual/regional companies, monoline specialists, multi-line global companies, and pools.” The specialty team has the ability and expertise to handle complex reinsurance structures through its strong analytical and underwriting capabilities in order to meet cedants’ unique and longterm requirements. Key executives Claude Lefebvre, chief underwriting officer, casualty & specialty; Richard Sammons, senior vice president, specialty; Liam Chan, vice president, specialty; Allan Cohen, actuary. Hiscox Re Bermuda Hiscox Re Bermuda’s specialty team serves a dual location lead market, with specialist areas of practice. It offers both traditional capacity to market leaders and product-based offerings, including: • Cyber • Terrorism • Nuclear • PA retro • Financial reinsurance • Reps and warranties • Contingency • Surety • Film completion bond Key executives Ian Thompson, head of casualty/head of specialty—Bermuda; Justin Keith, underwriter specialty. Markel Global Reinsurance Markel Global Reinsurance is a division of the Markel Corporation, the holding company for insurance, reinsurance, insurance-linked securities, and non-insurance operations around the world. Markel is headquartered in Richmond, VA and maintains 62 offices in 20 countries. Markel Global Reinsurance offices are located in Hamilton, Bermuda; London, England; Summit, NJ; Richmond, VA and San Francisco, CA. Target classes of business include property, casualty, specialty, and public entity. The Markel specialty team writes surety, credit and political risk; marine and energy; commercial airline hull and liability, as well as general aviation. It also provides creative risk transfer solutions to meet the unique requirements of government entities. The firm says its strengths include deep product knowledge; underwriters average 25 years of industry experience; and that it is willing to ‘write across the board’ with clients, in layers and across programmes. “Honesty and integrity are non-negotiable and we put cedants first. We pride ourselves in being timely and proactive in both underwriting and claims adjudication. Relationships with clients and brokers are extremely important to us,” says the firm. Markel Corporation is a US tax paying company.


Bermuda:Re+ILS Spring 2016
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