Bermuda's International and Local Insurers from A to L Part 1

H&R Block Insurance Co. Established 6/30/1972 by the US-based tax advisors. Hamilton Insurance Group Holding company for Hamilton Re. Hamilton Re Bermuda-based Class 4 property and casualty reinsurer for Hamilton Insurance Group. Originally incorporated in 2011/2012 under a different name, SAC Re, after being founded by Steven A Cohen, who built one of the worlds biggest and most successful hedge funds, SAC Capital Advisors, in Stamford, Connecticut.  Class 4. But taken over and renamed by Bermudian industry tycoon Brian Duperreault, the former CEO of Ace Ltd and Marsh & McLennan companies. New York-based Two Sigma Investments manages Hamilton Re's assets.  Hannover Life Re (Bermuda) 2007. 50 Parliament Street, Hamilton HM 12, Bermuda, or by mail at P. O. Box HM 2373, HM JX, Bermuda. Phone 294-3110. Fax 296-7568. Subsidiary of Hannover Re, fifth-largest reinsurance company in the world. Hanseatic Eastern Insurance Company (Bermuda) Windsor Place, 18 Queen Street, Hamilton. Phone 295-5425. Incorporated in Bermuda in 2002 under the Hanseatic Insurance Company (Bermuda) Ltd. Act 2002. Harambee Re 2012. Launched by Argo Group International Holdings. Harambee Re 2013-1 Launched January 2013 as a sidecar by Argo Group International Holdings. It supports both an insurance and reinsurance portfolio. Harbor Point Re 2005. Class 4. A $1.5 billion global reinsurer formed in the wake of Hurricane Katrina. Set up by investments from private equity fund Trident III, L.P. and insurance giant Chubb Corporation. With Chubb's reinsurance business. Chubb has 16%, with staff from Chubb. Shares office space with Chubb Atlantic Indemnity in the Belvedere Building on Pitts Bay Road.  Harco Reinsurance Company Established 2/7/1980 as a Bermuda-domiciled insurer, a wholly-owned subsidiary of Bermuda-domiciled IAT Reinsurance owned by billionaire American investor Peter Kellogg and his family. Hardin Assurance  Formed June 17, 2011 as a Class 1 insurer by Marsh IAS Management Services (Bermuda). Hardy Underwriting Bermuda Class 3 reinsurance unit with a holding company. Park Place, corner of Front Street and Par-la-Ville Road. $200 million-capitalized insurance and reinsurance company. It re-domiciled from London to Bermuda in 2007/2008. Lloyds of London insurer. Re-domiciled from UK to Bermuda. Writes specialty lines and is best known for its aviation coverage, particularly helicopters and small aircraft. It also insures ships and their cargoes, as well as offering property, terrorism and health insurance. Hardy Underwriting

 

Harlequin Insurance (Bermuda) SAC 2006, Class 3 Harrington International Insurance P. O. Box HM 3210, Hamilton HM NX. Harrington Sound Insurance Victoria Hall, Hamilton HM  AX. Swift code HSILBMH1. Hartford Insurance   Haverford (Bermuda)  Since February 24, 2011, 3A class insurer, formed by Artex Risk Solutions (Bermuda) HCP Insurance Co. 2006, Class 3 Healthstar Indemnity Incorporated November 20, 2002. Class 1. Heddington Insurance The captive for ChevronTexaco Helicon Re Holdings

Started by investors to insure White Mountains after the record 2005 hurricane season boosted demand for coverage.

Helmsman Insurance Group May 2002. Class 3. Henner Insurance October 2001. Class 3. Hillcot Holdings Formed in 2003 by Castlewood Holdings Ltd and Japan's Shinsei Bank Ltd. to buy the UK subsidiary of Japanese insurer Toa Reinsurance Company for $46 million. Hiscox Insurance Company (Bermuda) 2005. Class 4. Owned By Hiscox PLC, one of the UKs largest specialty insurers, formerly at Lloyd's of London, but now moved to Bermuda tied in to other Hiscox insurers abroad. One of the UK's leading insurers of higher value homes and also one of the most expensive of medium-value homes .In August 2007 (and to be repeated in February 2008) it launched a TV and print media advertising campaign across most of the UK  The majority of affluent homeowners in the UK still choose to buy standard insurance policies, unaware of the benefits of buying specialist higher value home insurance products.  Horne Re 2006-1 2006, Class 3 Horseshoe Group

In 2008 added life actuarial consulting and company management to its Bermuda-based services. Also offers claims-related services in the US. Provides consulting and management services to life insurance and reinsurance companies in Bermuda and also assists in the life insurance related securitizations taking place outside the US.

Howden Insurance Brokers (Bermuda)

Since July 26, 2011. Owned by Hyperion. 

HSBC Insurance Solutions (Bermuda) Continental Building, 25 Church Street, Hamilton. P. O. Box HM 3033, Hamilton HM NX. Established by HSBC Insurance Brokers. One of the world's largest banking and insurance groups, headquartered in London, with 5,000 offices in 80 countries. Opened in 2002. Owned by HSBC Banking Corporation. HSBC Life (International) As above HSH N Residual Value 2006, Class 3 HTH Re May 2003. Class 3. Hudson Reinsurance Company Formerly a subsidiary of Amphion Holdings Inc., now Castlewood Holdings Ltd Hyaline Re Since January 2014, class 3A IAS Park Formerly - until April 2003 - Mutual Risk Management Ltd. 48 Church Street, Hamilton HM 12. (441) 295-5688. (441) 292-1867. P. O. Box HM 2064, Hamilton HM HX. It owns Valmet, based in the Isle of Man. Robert Mulderig has left, replaced by David Ezekiel as CEO. Part of MRM Global Captive Group. IAT Reinsurance Company A Class 3 Bermuda domiciled reinsurer, owned by American billionaire Peter Kellogg and his family. Rated A- by A.M. Best. Reinsurance underwriting operations are conducted out of Rolling Meadows, IL, with the majority of business written by Harco National Insurance Company rated A- by A.M. Best, wholly owned by IAT Re. IECD (SAC)  Formed May 6, 2011 as a Class 3 insurer by Symphony Management. IES Reinsurance Incorporated 28 January 2002 as a direct result of the tragic September 11, 2001 World Trade Center and related events. Class 1. Imagine Insurance Company Wholly owned subsidiary of the below company. Had a very successful 2002. Imagine Reinsurance Holdings A finite risk reinsurance enterprise delivering structured insurance and reinsurance solutions to clients. Has a Dublin office. 100 percent owned by Trilon Financial Corporation & Management, a Canadian financial services company. Purchased Enterprise Re in June 2001.  Inpex Insurance January 2008. Class 1 Independent Agents Insurance Company Established in 2001, owned by Leading Edge Holdings, also Bermuda-based, established by the Independent Insurance Agents Association of New York ING Risk Management (Bermuda) P. O. Box HM 1978, Hamilton HM HX.  Inner Circle Insurance Company Since April 2005. Class 3. Insurance Services (Bermuda) Since April 2005. Class 1. Insurance Solutions Since April 2005. Class 3. Insure-Rite   Insured Ventures Incorporated 5 December 2001. Class 3. Integro Bermuda May 2005. Provides risk management and brokerage services to companies with complex risk. Bermuda HQ, also with offices in London, Toronto and USA. Founding partners were Robert Clements, Roger Egan and Peter Garvey to serve the complex insurance and risk management needs of large institutional risks. New York-based insurance brokerage. Some employees are Bermuda-based. Maxwell Roberts building, Par-la-Ville Road. Inter-Ocean Holdings A specialist insurance and low-retention finite reinsurance company since 1990. Until 2003, owned in part by the Argus Group of Bermuda. International Advisory Services (IAS) P. O. Box HM 2274, Hamilton HM JX. A leading insurance management company and part of MRM Global Captive Group Ltd International Property Catastrophe Reinsurance American International Building, 29 Richmond Road, Hamilton HM 08. P. O. Box HM 152, Hamilton. Phone 295-2121.  International Risk Management (Bermuda) Belvedere Building, Pitts Bay Road, Pembroke. Phone 295-0713 International Specialty Brokers   International Tanker Indemnity Association 44 Church Street, Hamilton HM 12. Phone292-3580. Fax 292-5898 Inter-Ocean NA Insurance Co Incorporated 9 August 2002. Inter-Ocean Reinsurance Company Wessex House, 4th Floor, 45 Reid Street. Hamilton. Phone 292-5794. Fax 292-5552. Parented by Inter-Ocean Holdings, now partly owned by GMAC Insurance Holdings Ltd. One of the principal Bermuda companies. IPC Re American International Building, 29 Richmond Road, Pembroke HM 08. Phone 298-5100. Fax 292-8085. Owned by IPC Holdings Ltd.   Iris Reinsurance

Since June 2009. Class 3. Set up by private equity firm Cartesian Capital Group

. Offers industry-loss warranties and covers a range of catastrophes globally. Iron-Starr Excess Agency

141 Front Street, Hamilton. Since 2009. A joint venture between Ironshore and CV Starr & Co. A specialty lines insurance managing general underwriting agency.

Ironsure Insurance Owners of Ironsure Re.  Ironsure Aviation See Ironsure Re. Ironsure Re Incorporated October 2006 by Robert Clements, co-founder of Bermuda giants Ace Ltd. and XL Capital. With more than $1 billion in capital. A subsidiary of Ironshore Inc. Class 4 insurer, created in response to crisis conditions in the United States property catastrophe insurance markets. Specializing in the latter in wind-exposed parts of the USA. Staff are based in Bermuda, Seon Place, Front Street. Its US subsidiary, Ironshore Holdings (US) Inc., completed in October 2007 the acquisition of Stockbridge Insurance Co., a US-based admitted insurance company, from Folksamerica Reinsurance Co. IronSelect

Ironshore's 2008 created excess casualty facility.

Writes excess umbrella casualty for mid-sized commercial risks such as manufacturing accounts, retail and wholesale operations, and contractors. Island Capital

Insurer, its UK operation is Island Capital (Europe). Acquired in October 2010 by UK insurer and run-off investor Tawa in a $7.4 million (5.3 million Euros) deal.

Jacques-Cartier Reinsurance Company Formed 2006, Class 1 Jackson National Life (Bermuda) Formed 15 April 2003 by Appleby Spurling & Kempe.  Long Term. With its own Private Bill Act. Jardine Lloyd Thompson Group (JLT)

In September 2013 Jardine Lloyd Thompson Group plc (JLT, see below) announced the acquisition of the reinsurance brokerage business of Towers Watson. It has since merged with JLTs reinsurance business, JLT Re, to create a new force in the international reinsurance market with combined revenues of $266 million and 700 people in 35 locations in 17 countries.

Jericho Financial Guaranty Re January 2008. Class 3 Jersey Re Formed May 2009. Class 1 JLT Risk Solutions (Bermuda) See below. Fax 292-4496 JLT Park Since 2009. See below JLT Risk Solutions Management (Bermuda) Vallis Building, 3rd Floor, 58 Par-la-Ville Road, Hamilton.  P. O. Box HM 1838, Hamilton HM HX. Captive Management. JRG Reinsurance 39 Victoria Street, Hamilton. (441) 278-4572. Cell: (441) 536-4572. US working layer Casualty and non-Cat exposed property insurance.  Since 2008. With lead role within Franklin Holdings (Bermuda).p> Kaith Incorporated 13 March 2002 as a direct result of the tragic September 11, 2001 World Trade Center and related events. Class 3. Kalista Global Bermuda-based, insurance and reinsurance services with a focus on the alternative reinsurance sectors. Recently partnered with Bermuda-based New Grange Brokers to launch a type of parametric index-based insurance weather product. The new product is called EPC, or ENSO-based Parametric Cover, and functions by utilising sea surface temperatures taken from the National Oceanic and Atmospheric Association (NOAA) as the basis for insurance payout. The insurance uses an index for payout that provides an objective means to measure losses, such as excess rain, high river levels, or extreme sea surface temperatures. According to Kalista, by using an index as the proxy for loss, there is no need for expensive loss assessments. Utilising an index also reduces moral hazard and other issues that can arise with traditional insurance covers. The trigger is based on the ENSO (El Nino Southern Oscillation) cycle index, which covers El Nino, La Nina and normal sea surface conditions. Claims are paid out by cat bond investors or collateralised/convergent markets. Kelley Assurance Group 2006, Class 3 Keyport  Incorporated May 10, 2000 Kinsale Capital Group See below Kinsale Insurance Company (KIC)

Since March 2010. Formed by Kinsale Capital Group Ltd. as a new US specialty insurer, based in

Richmond, Virginia. Underwrites commercial property/casualty and professional liability lines within the excess and surplus lines segment in 31 states/District of Columbia and is applying for eligibility in the remaining states. Kinsale's investors include Moelis Capital Partners, LLC and Virginia Capital Partners LLC. Kiln PLC 2007. Class 4. The fourth largest operator in the Lloyd's market moved its headquarters from London to Bermuda and set up a $309 million reinsurance subsidiary here. Will use its Bermuda base to expand in the USA. In the UK it provides energy, marine, property and aviation cover. Kiskadee Re Since April 2013, Special Purpose Insurer, formed by Bermuda-headquartered specialist insurer Hiscox. Kitson Marine and General Insurance Company Local. Kitson Building, 5 Reid Street, Hamilton  HM 11. Phone (441) 295-2525 KM Insurance Ltd Since 2005. Class 2.