Bermuda's International and Local Insurers from M to Z Part 2

125+ web files in a constantly updated Gazetteer on Bermuda's accommodation, activities, airlines, apartments, areas, art, artists, attractions, airport, aviation pioneers, banks, banking, beaches, Bermuda Status and citizenship, books and publications, British Army, businesses, calypso, Canadian military, causeway, churches, city of Hamilton, commerce, community, cruise ships, culture, cuisine, customs, Devonshire Parish, disability accessibility, districts, Dockyard, economy, education and universities abroad, employers, employment, entertainment, environment, executorships and estates, fauna, ferries, flora, food, forts, gardens, geography, getting around, golf, government, guest houses, history, Hamilton Parish, homes and housing, hotels, internet access, islands, laws and legal system, local groups and organizations, location, media, motor vehicle options, music, municipalities, Paget Parish, parishes, parks, Pembroke Parish, politics, postage stamps, public holidays, public transport, railway trail, religions, Royal Navy, Sandy's Parish, St. David's, St. George's Parish, shopping, Smith's Parish, Somerset, Southampton Parish, Spanish Point, Spittal Pond, sports, stores, telecommunications, traditions, time zone, town of St. George, United States armed forces, tourism, vacation planning, villages, vital statistics, water sports, weather, Warwick Parish, wildlife, work permits, etc. For tourists, business visitors, employers, employees, newcomers, researchers, retirees, scholars.

Bermuda's international and local insurers from M to Z Part 2

Specialty risk, captive, excess liability, property catastrophe, etc. offered by multi-nationals

To refer by e-mail to this file use "bermuda-online.org/insurebm" as your Subject.

Introduction

Madison Re Bermuda	Class 3
Majestic Capital	This insurer announced in March 2011 it intends to file for bankruptcy in Bermuda and the US after its proposed merger with Bayside Capital Partners fell through. Bayside cited a material deterioration in Majestic Capital's capital surplus, an inability to secure regulatory approval for the merger, and a failure to satisfy the closing condition with respect to termination of Majestic Capital's lease for office space in Poughkeepsie, New York on terms acceptable to Bayside. Majestic, formerly known as CRM Holdings, holding company of US compensation specialist Compensation Risk Managers (CRM) LLC, is a provider of workers' compensation insurance in the US through its third-party administration of self-insured trusts. In 2008, CRM voluntarily gave up its trust licence in the state of New York, where there were major concerns for regulators over trusts which had become insolvent and were unable to meet their obligations to injured workers. Majestic Insurance Company, a wholly-owned US insurance subsidiary of the Bermuda firm, has made a non-binding agreement to transfer its current insurance business and loss reserves to AmTrust Financial Services, Inc.
Magna Carta Insurance	Incorporated 19 November 2001. Long Term.
Maiden Holdings	Holding company for the below-mentioned.
Maiden Insurance Company	Formed in May, 2007 to write reinsurance through the latter, to small and mid-size insurance companies in the United States and Europe.
Manulife International P&C	3rd Floor, 73 Front Street, Hamilton HM 12. Phone 292-4876. Fax 296-8846
Manulife International Reinsurance	As above
Manulife Reinsurance	Formed 4 November 2003. Long Term. As above
Marathon Insurance Company	Incorporated 25 March 2002. Class 1.
Margent Aviation Reinsurance Group
March Global Broking (Bermuda)	P. O. Box HM 2444, Hamilton HM JX.
Marsh Global Markets (Bermuda)	P. O. Box HM 2444, Hamilton HM JX.
March International Holdings II	See above.
Marsh Management Services	As below
Marsh & McLennan Properties (Bermuda)	Victoria Hall, 11 Victoria Street, Hamilton HM 11. P. O. Box HM 1826, Hamilton HM HX. (441) 296-3508. (441) 292-1685
March Management Services (Bermuda)	See above
MaRI	Incorporated December 2006 by Marsh & McLennan, the world’s largest insurance broker, to bring as much as $1 billion in new insurance coverage to clients in disaster-prone areas in 2007 and beyond. Investors include Lehman Brothers Holdings and will offer much-needed property coverage to Fortune 1000 companies in vulnerable parts of North America. It will pay out any claims from hurricanes and earthquakes, and partner ACE Ltd., also based in Bermuda, will cover other losses. This new facility provides large corporate clients of Marsh with access to insurance capacity intended to fill gaps that are creating instability and shortfalls in property catastrophe risk coverage. Traditionally, this form of extra risk capital – a “sidecar” – allows reinsurers to offer more capacity to their clients, the retail insurers. What makes MaRI innovative is that it provides Marsh clients with direct access to the capital markets through a highly-rated ACE delivery vehicle.
Mass Mutual International (Bermuda)	Now owned by the Argus Insurance Group of Bermuda and operated by its Argus International Life Bermuda.. Until March 2008 one of the companies owned by this Massachusetts-based Mass Mutual Financial Group. Wesley Street, Hamilton HM 11. (441) 299-8828. (441) 299-8813. Established in 1851, MassMutual is a provider of life insurance, fixed and variable annuities, disability income insurance, retirement planning products, money management, mutual funds and other financial security products for individuals and small business owners, as well as for corporate and institutional markets. MassMutual has more than 1,200 sales offices throughout the United States, and international operations in Chile, Argentina and Luxembourg.
Mass Mutual Life Insurance Company	As above
Master Assurance & Indemnity	Formed 3 April 2003. Class 1.
Maumee Valley Re	Formed 18 October 2002. Class 3.
Max Re Capital	Moved to Bermuda in 1999. Max Re House, 2 Front Street West, Hamilton. P. O. Box HM 2565, Hamilton HM KX. Phone 296-8800. Fax 296-8811. Opened in 2003 large new offices (24,000 square feet) next to Bluck's.
Max Re	Reinsurance operating subsidiary of the above.
Max Capital Group	Since 2009. Arising from a merger with IPC Holdings and Max Capital Group Ltd.
Mayfair Reinsurance Company	Incorporated 17 November 2003. Class 3.
Mayflower Insurance Company	2006, Class 3
MM Reinsurance Company
Meadowbrook Risk Management	Bermuda-based captive management operation of the Meadowbrook Insurance Group. Belvedere Building, 69 Pitts Bay Road, Hamilton HM 08. Telephone (441) 292-7569. Fax (441) 292-3299. P. O. Box HM 2340, Hamilton HM JX. Brian Stephenson, Managing Director. There is also Meadowbrook International Ltd.
Medici Re	2006, Class 3
Meridian Insurance Company	Dorchester House, Hamilton. Phone 295-3246
Merrill Lynch Reinsurance Solutions	Incorporated 15 November 2001. Class 3.
Mendocino	Incorporated 3 June 2002. Class 1.
Mercury Insurance Managers Ltd	Windsor Place, Church, Queen and Reid Streets, Hamilton.
Merna Re	Formed 2010. Clarendon House, Church Street, Hamilton. Sold $4 billion of catastrophe bonds to transfer some of State Farm Mutual Automobile Insurance Co.'s natural disaster risk to debt investors. The debt was sponsored by State Farm.
Merna Reinsurance II	Formed 2010. See above. Special Purpose insurer
Merton Re	Formed 2006, Class 4, Long Term
MetLife International Insurance	Bought in 2007 by Northstar Financial Services (Bermuda). A subsidiary of MetLife, a leading provider of insurance and financial services with operations in the US and Latin America, Europe and Asia Pacific. The parent company is the biggest life insurer in the US.
Michigan Re	Formed by Trenwick. Swan Building, Victoria Street, Hamilton.
MICRPG Insurance Group	Formed 2006, Class 2
Mid South Indemnity	37 Reid Street, Hamilton HM 12. P. O. Box HM 1087, Hamilton HM EX. Phone 292-6564.
MHI Limited	Incorporated in Bermuda 28 February 2002. Class 2.
Millea Holdings	The world's sixth-largest property and casualty insurer. Recently made a bid to buy Kiln for $902 million. Tokio Marine and Nichido Fire is a unit of Millea.
Miller Bermuda	Formed 2003. Owned by London-based broker Miller Insurance Services Ltd, handling a range of insurance and reinsurance.
MLMIC Insurance (Bermuda)	Incorporated in Bermuda 24 October 2001. Class 3.
Modal Re	2006, Class 3
Monte Fort Re	A sidecar of Class of Flagstone Re. Named after a tall peak in the Swiss resort of Verbier. Writes a diversified book of industry loss warranty and regular exposures, with a focus on peak zones. Lehman Brothers is believed to be the lead investor.
Montpelier Re	From 14 November 2001. Montpelier House, 94 Pitt’s Bay Road, Hamilton. HM08. Phone: 441-296-5550. Property/casualty insurance and reinsurance. Traded on the New York Stock Exchange under the symbol MRH. Class 4.
Morgan Stanley Reinsurance	Incorporated February 1, 2010 by Apple Management (Bermuda). Class 3.
MRM Life	48 Church Street, Hamilton HM 12. (441) 296-7962. (441) 296-5641
MS Frontier Reinsurance (MSFRe)	Owned by Mitsui Sumitomo Insurance Co, Tokyo-based insurer. Capital now $300 million. Writes property catastrophe reinsurance. In March 2010 it acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe), with the same owner. The Bermuda company currently has a subsidiary based in Singapore which performs modelling analysis and a branch office in Zurich, developing business in Europe and exploring new business opportunities in the Middle East and Africa.
MSK Insurance	Formed 2006, Class 2
Munich-American Global Services
Munich Re	Rated A++. One of Bermuda's top re-insurers internationally. Germany-based, the world’s biggest reinsurance company, has listed some of its catastrophe bonds on the Bermuda Stock Exchange.
Mutual Insurance Company	One of the KWELM companies
Mutual Reinsurance Company	As above

Napco of Bermuda	Commerce Building, 54 Reid Street, Hamilton. Phone 292-9266. Fax 292-9302. A new (1993) insurance brokerage company focusing on large property insurance accounts for Fortune 5000 clients. Napco's parent company, Napco LLC, is in Edison, NJ and has branch offices in Dallas and Bermuda.
National Life Assurance Company of Canada	Armoury Building, 37 Reid Street, Hamilton HM 12. Phone 295-3758
National Underwriters Reinsurance	Windsor Place, Hamilton. Phone 292-5753
Nationwide Financial Services (Bermuda)	P. O. Box HM 1116, Hamilton HM EX. (441) 299-8812. (441) 292-2852
Navigant Consulting (Bermuda)	Established 2008. Subsidiary of Chicago-based insurance and reinsurance consultancy Navigant Consulting, Inc. The Armoury Building, Reid Street, Hamilton. Offers full suite of consultancy services to insurance and reinsurance companies, sidecars and captives, including reinsurance advisory services; actuarial services; captive support; claims and run-off management; claims litigation management; underwriting advisory services; merger and acquisition due diligence support; systems consulting; forensic accounting and expert witness testimony.
Nemean Reinsurance Co	Formed December 10, 2008. Class 3.
New Asset Class Management	2007. Two insurance industry leaders formed this underwriting management company to take advantage of the rapidly changing insurance industry marketplace. James Stanard, former CEO of Renaissance Re and Rod Fox, former CEO of Praetorian, launched it. Wholly owned by F&S Ventures, a privately held investment company. Will generate income from three sources: managing and acquiring large portfolios of insurance risk; managing risk portfolios for insurance carriers; and providing advice and risk analysis to insurers, hedge funds, private equity firms and other investors interested in insurance risks.
New Castle Re	Formed in 2005 by hedge fund company Citadel Investment Group LLC, which also owns CIG Re. A property catastrophe reinsurer.
New Century	A pure captive insurance arm and core subsidiary of Mitsubishi Corp.
New Point Re	2006. Class 3. Formed by Harbor Point to write collaterised retrocessional contracts including collateralized industry loss warranties.
New Point IV	Established in April 2011 by Alterra Capital Holdings Ltd as a sidecar vehicle to create additional capacity for the property catastrophe collateralized reinsurance market, in partnership with Stone Point Capital LLC through its private equity fund, Trident V L.P, with both companies committing up to $100 million in capital.
New Point Re IV	Since June 24, 2011, as a Special Purpose Insurer (SPI), launched by Alterra Agency.
Newman Insurance Co.	Formed 6 June 2002. Class 1.
Nemorosa Insurance Co.	Formed 2 October 2002. Class 1.
Network Advantage Insurance	Formed 8 May 2003. Class 2.
New Ocean Insurance Company	Crawford House, 50 Cedar Avenue, Hamilton HM 11. (441) 295-5448 (441) 295-4460.
Nevada Subcontractors Insurance	Formed 14 August 2002.
NFI International	Formed 14 August 2002. Class 1.
Nordica Life (Bermuda)	Windsor Place, Church, Queen and Reid Streets, Hamilton.
Normandy Reinsurance Company
North Shore Reinsurance Company	Continental Building, 25 Church Street, Hamilton HM 12. Phone 292-9744. Fax 292-9743. (ii) Swan Building, 26 Victoria Street, Hamilton HM 12. Phone 295-5336. Fax 292-3168
Northstar Financial Services	Insurer, see below
NorthStar Group Holdings	Formed 2004, a life and annuity re-insurer
Norton Re	December 2006, Class 3. Owned in part by Brit Insurance Holdings Plc, a Lloyd’s of London insurer, and international institutional investors, to provide coverage for catastrophes.
Norton Re 2010 Reinsurance	Formed November 2009, by JLT Insurance Managers (Bermuda). Class 3A.
Norton Re II Insurance	Incorporated late 2007. Class 3 Bermuda reinsurer to provide natural perils catastrophe retrocession protection. Brit Insurance provides underwriting expertise and is the lead investor
Nouvelle Compagnie de Reassurances	Formed 2006, Class 4 Long Term
Novae Re	2009. Formed by Novae Group plc. With a materially expanded range of reinsurance products, including specialist classes such as agriculture and engineering, which have traditionally not come to the London market, further diversifying the group's product range, and shortening the tail of its book overall.
Novia (Bermuda)	Formed 9 October 2002. Class 3.

Oak Leaf Re	Since June 23, 2011, as a special purpose insurer (SPI), formed by Horseshoe Management.
Oceanic Insurance	Dallas Building, 7 Victoria Street, Hamilton HM 11. Phone 292-9157. Fax 292-8992.
Ocean Re	Formed 17 December 2001. Established by JP Morgan Chase but owned by a Bermuda-based trust. Capital US$ 120,000. Class 3.
OE Insurance	Formed May 27, 2011 as a Class 1 insurer by Aon Insurance Managers (Bermuda).
Oglesby Re	Provides excess of loss catastrophe reinsurance to State Farm under the terms of a three-year reinsurance agreement. Owned by Bloomington, Illinois-based State Farm. Class 3. Merna Re provides fully-collateralized excess of loss catastrophe reinsurance to Oglesby Reinsurance under the terms of a three-year retrocession agreement.
Old Broad Street Reinsurance Co.	Formed 27 December 2001. Long Term.
Oil Insurance	Since 1971 a mutual insurance company originally designed to meet the liability needs of the oil industry. One of the principal Bermuda companies. A subsidiary of Oil Insurance Group.
Oil Casualty Insurance	Same ownership as Oil Insurance Ltd. Established in 1986 for the energy industry. Some 68 oil companies worldwide are shareholders. A subsidiary of Oil Insurance Group.
Oil Newco	Incorporated 18 January 2001. Class 2.
Old Mutual Bermuda	Washington Mall, Hamilton HM 11. Phone 296-1201. South Africa's biggest insurer, asset managers, London-based. In March 2009 it announced it was closing its Bermuda-based US life-insurance unit to new customers to control potential liabilities and cut costs.
Oliver Wyman (Bermuda)	Since September 2008. Management consulting firm, to help Bermuda's re/insurance industry to reduce their exposure to sub-prime and credit crisis and take advantage of new business and clients. Meanwhile the company released a report entitled 'The Road Ahead' on the opportunities and challenges facing the Island's re/insurers, who account for eight percent of the world's property and casualty exposure, with issues ranging from talent strategies and changing insurance regulations to an increasingly sophisticated client base and market substitutes for traditional reinsurance. Oliver Wyman is an operating unit of MMC, which also owns Marsh and Guy Carpenter, sister firms with operations in Bermuda serving the insurance sector. It has been serving the Bermuda market, including corporations and non-profit organizations for the past 10 years and has a net worth in excess of $1.5 billion. It uses industry knowledge, specialized expertise in strategy, operations, risk management, organizational transformation and leadership development. It advises its clients on optimizing their business, improving their operations and risk profile and speed up their organizational performance.
Olympus Reinsurance	Cumberland House, 1 Victoria Street, Hamilton. Phone 296-4803. Incorporated 3 December 2001 by US-based Leucadia National Corporation, Gilbert Global Equity Partners and Franklin Mutual Advisors. A ‘sidecar’ reinsurer, established to provide reinsurance capacity to a larger reinsurer – White Mountains. Class 4.
Omega Specialty Insurance Co.	2006, Class 3. Owned by Omega Underwriting PLC, an insurer in the Lloyd’s of London market.
Omnia Life (Bermuda)
Omnium Insurance & Reinsurance Company
OneBeacon Insurance Group	It's US HQ is now Canton, MA.
Op Re	Formed 19 November 2001. Class 3.
Opus Energy Risk	Formed 12 August 2002. Class 1.
Oracle Reinsurance	Chevron House, Church Street, Hamilton. Phone 295-4172. Fax 292-3877. Owned by Delphi International. Being liquidated
Orca Life	Formed November 11, 2009 by Harbour Management Ltd, long term insurer
Orchard Insurance Company	Formed 2006, Class 1
Ordinance Holdings	Suite 306, Commerce Building, #1 Chancery Lane, Hamilton, Bermuda HM12. Phone 296- 1758. Cellular: 799-4377. Fax: 295-4957.
Overseas Partners Re Ltd	One of the largest reinsurers. Local office is at P. O. Box HM 1581, Hamilton HM BX.
Overseas Reinsurance Corporation	Rated B++. One of Bermuda's reinsurers internationally. Owned since 2001 by Revir Ltd.
Oxford Alliance Insurance Company Ltd	Formed 19 June 2002. Class 2.
Oxygen Brokers	With offices in London, New York, Bermuda
Oxygen Insurance (Bermuda)	See below
Oxygen Re	2008. Launched by Oxygen Brokers as a specialty reinsurance brokerage division, in conjunction with the incorporation of Oxygen Insurance (Bermuda). Caters to commercial lines such as non-marine, marine and aviation treaty reinsurance.

P-1 Re Ltd	Formed December 2002
P&H Insurance Group	Formed April 2011. Class 1 insurer.
Pacific Century Insurance Company Bermuda (PCI)
Paget Reinsurance	Formed October 23, 2007. A subsidiary of ACE Bermuda Insurance. Class 3 and long-term insurer, provides customers throughout the world with creative and flexible rent-a-captive facilities to support their risk management programmes.
Partners Alliance Corp (PAC) Re
PacWest Reinsurance Company
Pampas	Formed 2006, Class 1
Pangaea Reinsurance I	Formed May 28, 2011 as a Special-Purpose insurer (SPI) by HSBC Insurance Management (Bermuda).
Pangaea Reinsurance II	Formed May 28, 2011 as a Special-Purpose insurer (SPI) by HSBC Insurance Management (Bermuda).
Panorama Reinsurance	Formed 13 June 2003
Panther Re Bermuda	2006, Class 3. Started by Hiscox Syndicate 33 and Panther Re as the first sidecar involving a Lloyd's syndicate.
Paperchine Insurance	A Wrenford investment, a 100% owned subsidiary that invests in reinsurance. It buys participation in risk pools and makes money on the premiums paid. It can also use its capital just to draw interest.
Paralife Re	Started 2006, Class 4 Long Term
Paraline Group	Since October 2010. Bermuda-domiciled Insurer and re-insurer. The company has no physical presence in Bermuda but has platforms in the Lloyd’s of London market and in the US. Established by the executive team of US insurer ICAT Holdings, led by chairman and chief executive officer Jack Graham and backed by private investors, including Wand Partners, Inc. and Elliott Management Corporation. ICAT, which is based in Boulder, Colorado and underwrites through the Lloyd's of London market, has been acquired by Paraline from private investor Vulcan, Inc.
Paris Re Bermuda	2006, Class 4, formed by a consortium of investors as part of a bid to take over the reinsurance business of French insurer Axa SA.
Park (Bermuda)	P. O. Box HM 2064, Hamilton HM HX. A leading independent insurance broker
Parker Assurance
Partner Re Bermuda	Class 3. Rated A+. Bermuda's #3 reinsurer internationally. Chesney House (at The Waterfront), 96 Pitts Bay Road, Pembroke HM 08, Bermuda - above Miles Market at the Waterfront.
Partnerre
Pasha Bermuda	Formed 3 November 2003. Class 1
Pearl Re	Formed September 24, 2008. Class 3 reinsurer.
Pearson Insurance Company	Formed 2006, Class 1
Peleus Reinsurance	2006, Class 3, reinsurer. A wholly owned subsidiary of Argo Group International Holdings.
PCCW Risk Finance	2006, Class 1
Pen Indemnity Insurance Company	2006, Class 3.
Pentelia Capital Management	A 2007 asset management company investing in a diversified portfolio of life and non-life insurance-linked assets including adverse mortality bonds, weather derivatives, terrorism insurance, life settlements, cat bonds and property catastrophe reinsurance.
Pentelia Re (Bermuda)	Formed 2006, Class 3 Long Term
Pentelia Re	Offers direct reinsurance coverage for Pentelia Capital Management and elsewhere.
Pentelia Re II	Formed October 24, 2008
Performance Insurance Co.	Formed 14 June. Class 1.
Petrel Re	From May 2006, Class 3, Validus’ fully collateralized sidecar, by a third party investor to provide retro reinsurance coverage to Validus for marine and offshore energy lines of business. Equity investor is “one or more private investment funds” managed by First Reserve Corporation.
Pharmaceutical Insurance	Formed 28 February 2003 as a mutual by seven of the world's largest pharmaceutical companies including AstraZeneca and GlaxoSmithKline. Managed by Willis Group Holdings Ltd. Class 2.
Pin Drop Insurance	Formed 30 October 2001 as a direct result of the tragic September 11, 2001 World Trade Center and related events. Class 3.
Platinum Re Ltd	See below. Class 4
Platinum Underwriters Holdings	Formed 2002 by St. Paul Companies. It will reinsure St. Paul Fire & Marine Insurance Company and St. Paul Reinsurance Company Ltd for certain insurance contacts. Platinum has subsidiaries in the USA and UK. Class 4.
Platinum Underwriters Bermuda	Formed 8 May 2002. An entity of the above. Class 4
Playtex Enterprise Risk Management	Formed 3 July 2002. Class 1.
PMG Assurance	1999. Victoria Hall, 11 Victoria Street, Hamilton HM 11. (441) 295-4996. (441) 292-4617 Bermuda-based captive insurance company owned by the Sony Corporation.
Poseidon Re	Incorporated 18 November 2003. Class 3
Premier Health Partners International Insurance	2006, Class 3
Premier Life (Bermuda)	Richmond House, Par la Ville Road, Hamilton. Recently acquired by Winterthur Life from Standard Management Corporation (SMAN) of Indianapolis, a main subsidiary of which is Standard Life.
Prentice Donegan & Partners	Established independent insurance broking company operating at Lloyds of London, now a Licensed Broker in Bermuda. Address c/o 41 Cedar Avenue, Hamilton HM 12.
Price Forbes & Partners (Bermuda)	Formed February 2010
Primary	Formed 2 January 2002. Class 3.
Prime Insurance Group	By 2005 Act
Primus Guaranty	Offers protection against the risk of default on corporate and sovereign obligations through Primus Financial Products LLC. Continues to focus on growing its credit swap portfolio at good risk adjusted returns while continuing to expand into asset management. In 2008 it managed $24.2 billion in credit-default swaps, financial instruments based on bonds and loans that are used to speculate on the ability of companies or other borrowers to repay their debt. They pay the buyer face value in exchange for the underlying securities or the cash equivalent should the borrowers fail to adhere to their debt agreements.
PRG-Schultz Insurance	Formed 20 February 2002. Class 1.
Professional Asset Indemnity	Owned by the "Big 5" accounting firms.
Professional Insurance	FB Perry Building, Church Street, Hamilton. Phone 295-1272.
Professional Services Insurance Company	Bermuda captive of international auditing firm Arthur Anderson. Based at the offices of lawyers Conyers Dill & Pearman, Hamilton.
PTS Insurance	Formed 2006, Class 1
Pulsar Re	2006, Class 3

RAM Reinsurance	Formed 1998. An AAA S&P rated financial guaranty reinsurance company specializing in municipal and asset-backed securities
Rancho Santa Fe Reinsurance
RB Insurance Company	Formed 29 November 2001. Class 2.
R. K. Carvill (Reinsurance Brokers)	2 Wesley Street, Hamilton HM 11. Phone 295-2005. One of the companies owned by Rory Carvill, British, worth at least $36 million, one of the 500 richest British men.
RK Harrison Insurance Brokers
Red Iron Insurance	Formed 14 September 2001. Class 3.
Reeve Court Insurance
RFIB Holdings	Since 2009. 61 Front Street, Hamilton. London-based insurance and reinsurance broker. The group employs some 300 people in London. Its major lines include marine, non-marine reinsurance and insurance, and its North American chiefly excess and surplus lines business. With representative offices in Tokyo, Moscow, Kiev and Dubai. The Bermuda office is different in that it will write business. About 38 percent owned by Fleming Family and Partners. RFIB, founded in 1980, was originally owned by the Robert Fleming & Co. Bank.
Reinsurex Intermediary	With a Bermuda office in June 2001
Renaissance Re	One of the top Bermuda reinsurers internationally. Renaissance House, East Broadway, P. O. Box HM 2527, Hamilton HM GX, Bermuda. Phone 295-4513. Fax 292-9453.
Renaissance Re Holdings	Owner of the above, both of P. O. Box HM 2527, Hamilton HM GX
Rescare Insurance Subsidiary Corporation (RISC)	Formed November 1, 2002. Class 1.
Reshore Risk Management	Formed 14 April 2003. Class 2.
Residual Solutions International	Incorporated 18 November 2003. Class 3.
Restaurant Reinsurance	Formed 16 January 2002. Class 3.
Retention Alternatives	Incorporated 13 June 2002. Class 1.
Rhine Re	Controlled by RR Holding C o. Ltd of Switzerland. One of the top 35 reinsurance groups in the world.
Richmond Insurance Company	Owned by AIG but wound down by it
Risk Partners Assurance	Formed 21 September 2001. Class 3.
Risponde Re	2006, Class 3
RHS Medinsur	Formed 30 May 2003. Class 1.
RI Insurance	Formed 22 August 2002. Class 1.
Ritchie Re Broad Strategy	Private Act 2005
River Lake Insurance Company IV	Formed 2006, Class 4 Long Term
Rivid Insurance Company (Bermuda)	Formed I October 2003. Class 1
R. K. Carvill (Insurance)	Formed 14 April 2003. Class 1.
Rmang Assurance	Formed 5 May 2003. Class 1.
Rockford Health Insurance	Formed 9 September 2002. Class 1.
Rosemont Reinsurance	Took heavy losses in 2005 Hurricane Katrina
Roundstone Insurance	Formed 20 October 2003. Class 3.
Royal and Sun Alliance Insurance	75 Front Street, Hamilton HM 12. P. O. Box HM 78, Hamilton HM AX. Phone 296-3600 or 295-5519
Royal Crest Insurance Company	Incorporated 25 November 2003. Class 3
Ruxton Insurance Company	Formed 16 May 2003. Class 1.
R.V.I Guaranty Co.	Formed in 1989. World's largest professional residual value insurer, owned by Continental Casualty Company and Quantum Industrial Partners. The Zurich Centre North, First Floor, 90 Pitts Bay Road. U.S. subsidiary is R.V.I. America Insurance Company, 177 Broad St., Ninth Floor, Stamford, CT 06901. Phone (203) 795-2122.

SAC Re	Incorporated 2011-2012, founded by Steven A Cohen, who built one of the world’s biggest and most successful hedge funds, SAC Capital Advisors, in Stamford, Connecticut.
Safeguard Guarantee Co.	Formed October 2008
Sage Life (Bermuda)	Continental Building, 25 Church Street, Hamilton HM 12. Phone 294-4600. Fax 295-8407. Life insurance subsidiary of London-based Old Mutual Plc life assurer.
St. James Insurance Company	Formed 24 November 2003. Class 3 and Long Term
St. Michaels Insurance	Formed 31 October 2002. Class 1.
San Jose Insurance	Formed 14 August 2002. Class 1.
Scandinavian Reinsurance Co	Bank of Butterfield Bldg, 6th Floor, 42 Reid Street, Hamilton HM 11. Phone 295-2743. Fax 292-6580. One of the principal Bermuda companies.
Scottish Annuity & Life International Insurance Company (Bermuda)	See below
Scottish Annuity & Life Holdings (Bermuda)	Moved its corporate headquarters to Bermuda in July 2001 from Cayman Islands, but a US company with operating companies in Charlotte, Dublin and Grand Cayman. Provides reinsurance of life insurance and annuities and is a direct issuer of customized variable life and annuity products to high net worth individuals.
Scottish Re Group Ltd	Life reinsurer.
Scottish Re International (Bermuda)	See above, Formed 2006, Class 4 Long Term
Scottish Crown Group (Bermuda)
Scottish Equitable International (Bermuda)	Under its own 1999 Act
Seahouse Insurance	44 Church Street, 3rd Floor, Hamilton HM 12. Phone 295-1077.
Securit Re	2006, Class 3
Security Warranty	Formed June 28, 2010. Class 1. Launched by Marsh Management Services (Bermuda)
Seaboard Insurance	Formed May 26, 2009. Class 1
Sencare Risk Services	Formed 20 March 2002. Class 2.
Servicepro	Incorporated 3 June 2002. Class 2.
SCUUL School, College & University
Select Reinsurance	4th Floor, Corner House, Hamilton. Phone 296-8453. Fax 296-8459
Sentinel Insurance Company	Armoury Building, 37 Reid Street, Hamilton HM 11. (441) 292-6564. (441) 292-6796. (It went into the first stages of receivership on March 14, 2001).
sEnergy Insurance	Formed May 2002 by Oil Insurance Ltd and Oil Casualty Insurance Ltd to provide a $200 million limit for property risks in excess of $250 million and business interruption risks in excess of $50 million for companies in the energy fields. Capitalized by oil and chemical companies in USA, Canada, South Africa, Denmark and Norway.
Seven Continents Insurance Company, The	Dallas Building, Victoria Street, Hamilton. Phone 292-5105
Seven Oaks Insurance	Formed February 3, 2009. Class 2, created by Marsh Management Services (Bermuda).
Shipowners Insurance & Guaranty Company (Sigco)	10-12 Burnaby Street, Hamilton HM 11. (441) 298-0600. (441) 298-0610.
Shoreline Re	Formed May 27, 2011 as a Special Purpose Insurer by Horseshoe Management.
Sideris Re	A 2007 platform that extends First Reserve Corporation's presence in the insurance segment of the energy value chain.
Siena Reinsurance	Formed 24 October 2001. Class 3.
Sigma-Aldrich Insurance	Formed November 13, 2002. Class 1.
Sigma Reinsurance	December 5, 2008. Class 3.
Signal Risk Insurance	Formed February 10, 2011 by Aon Insurance Manager (Bermuda).
Sinser Insurance	Skandia International House, 16 Church Street, Hamilton HM 11. (441) 295-2482. (441) 292-1143. Until recently, owned by Skandia. One of the largest captive managers in Bermuda after Aon and Marsh. Now owned by Nicholas Dove, Adrian Lee-Amory, Nicholas Frost and Larry Turnbull.
Sirius International Insurance Corp	Since July 6, 2009. Class 4.
Sirocco Re	2006, Class 3, sidecar of Lancashire Insurance Holdings, to assume some of its Gulf of Mexico offshore energy risk.
Sirva Insurance & Reinsurance Company	Formed 6 May 2003. Class 3.
Six Pines Insurance	Formed February 2002. Class 2.
Smart Home Re 2006-1	2006, Class 3
Smart Home Re 2006-2	2006, Class 3
Snowmass Re	2006, Class 3
Sobral	Formed 20 June 2003
South of England Protection and Indemnity Association (Bermuda)	Wound up 2011, policies cancelled December 2011.
Sovereign Risk Insurance	C/o ACE Bermuda Insurance Ltd, P. O. Box HM 1015, Hamilton, Bermuda.. A political risk insurer and reinsurer, a joint venture between ACE and XL.
Special Insurance Risk Services	Formed 1 May 2002. Class 3.
Special Risk Insurance & Reinsurance Luxembourg (SRIRL)	Formed July 2002 by XL Capital, Allianz, Hannover Re, Swiss Re and Zurich to provide terrorism cover for companies in Europe.
Standard Life Assurance Company Bermuda	Formed 2006, Class 4 Long Term. c/o Cedar House, 41 Cedar Avenue, Hamilton HM 12
Standard Life Assurance Company of Canada (The)	Formed 2006, Class 4 Long Term.
Standard Steamship Owners P & I Association (Bermuda)	Dallas Building, 7 Victoria Street, Hamilton HM 11. Telephone (441) 292-7655
Standard Compensation Act Liability Association (The)
Starbound Reinsurance	Since June 2006. Class 3. A so-called ‘sidecar’ established to provide reinsurance to Renaissance Re. Under a quota-share agreement, RenRe can cede, or pass, on 80 percent of the premium from specific property catastrophe business. About three-quarters of the risks spread to Starbound will be Florida-based.
Starr Insurance and Reinsurance	Incorporated April 2007, class 4. Also known as Starr International Insurance, it underwrites submissions from a group of speciality insurance agencies Starr Underwriting Agencies owned by CV Starr & Co Inc of Maiden Lane, New York, since 2007. It targets industrial, commercial, retail and government entity risks globally and accesses business produced by Starr Underwriting Agencies in Europe and Asia. In May 2011 acquired a 20 percent stake in Chinese property re/insurer Dazhong Insurance Co Ltd. The China Insurance Regulatory Commission (CIRC) has approved Dazhong Insurance to issue an additional 286.5 million ordinary shares to Starr. Following this, Starr, which is also known as Starr International and whose chairman is former AIG boss Maurice (Hank) Greenberg, became Dazhong’s strategic investor. Dazhong was established in 1995 by 26 companies, with registered capital of 1.15 billion yuan. It writes property insurance and reinsurance in Shanghai and in the provinces of Jiangsu, Zhejiang, Anhui, Fujian and Shandong.
State Farm International Life Insurance Company	Formed 2006, Class 4 Long Term
Steamboat Re	2006, Class 3
Steamship Mutual Underwriting Association Trustees (Bermuda)	Washington Mall, Hamilton HM 11. Telephone (441) 295-4502
Stellar Insurance	Formed 12 December 2001. Class 3.
Stellar Re (FGI)	January 2006. Class 3.
Stewardship Reinsurance	Formed 14 April 2003. Class 2.
Stockton Reinsurance	P. O. Box HM 2909, Hamilton HM LX.
Solution Insurance	Formed 3 June 2002. Class 1.
Sovereign Risk Insurance	Wessex House, 5th Floor, 45 Reid Street, Hamilton HM 12. Phone 296-4279. Fax 296-4281.
Sumit Insurance	Formed February 2, 2009, Class 3, by Aon Insurance Managers (Bermuda).
Sun Life Financial Services	P. O. Box HM 3070, Hamilton HM NX. Sun Life’s presence in Bermuda goes back more than a century, with it's first office opening in 1881. In 2010 there were 50 employees headquartered in Hamilton. They issue life insurance, annuity and investment products in Bermuda for the international offshore market through Sun Life Assurance Company of Canada and Sun Life Financial Investments (Bermuda) Ltd. The international U.S.-dollar denominated products issued in Bermuda are specially designed for high-net-worth investors residing outside of the United States, Canada or Bermuda. The Bermuda Financial Centre of Sun Life Assurance Company of Canada provides ongoing service to current insurance policies and group retirement plans in Bermuda. Since June 2005 Sun Life has no longer offered new products for Bermuda residents.
Sun Life Financial Investments (Bermuda) Ltd.	See above
SWBC Re	Incorporated July 2007 by Texas-based Southwest Business Corporation (SWBC), with offices in 27 states across the country and now Bermuda. SWBC provides a range of insurance, mortgage and investment services to financial institutions, businesses and consumers.
Swiss Reinsurance Company	Until June 2009 at Mintflower Place, 8 Par-la-Ville Road, Hamilton HM 08. Telephone (441) 295-8907. World's largest reinsurer. At least four more Swiss Re associated companies in Bermuda are at the same address. After June 2009 relocates from Bermuda to Europe.
Syncora Holdings	Formerly Security Capital Assurance. Formed March 2006 for the sole purpose of becoming the parent company to XL Capital Assurance and XL Financial Assurance. Bond insurer, also insures complex financial instruments such as collateralized debt obligations, backed by assets including mortgage debt.
Syncro Re 1	2006, Class 3
Syncro Re II	2006, Class 3
System and Affiliate Members	Formed 22 July 2002. Class 2.

Taisei Reinsurance (Bermuda)	Formed 2 October 2002. Class 3.
Talbot Holdings	Underwriter at Lloyd's. Parent of a Bermuda-based group with diverse risks.
Tamcap Insurance Co.	Formed December 23, 2008. Class 3.
Tankerdere Indemnity	Formed 17 December 2001. Class 1.
Tantalon International Insurance	Formed 25 March 2002. Class 1.
Tartan Capital	A special purpose vehicle set up by Scottish Re, to receive up to $155 million of payments in the event of severe population mortality
Telluride Insurance	Formed June 6, 2011 as a Class 1 by Marsh IAS Management Services.
Tempest Re	A company bought by ACE in 1993 after Hurricane Andrew. Focused on selling property catastrophe policies
Thamesis Insurance & Surety	Formed October 17, 2007.
Thermo Fisher ReInsurance	Formed January 2009
The Property and Casualty Reinsurance Company of Bermuda	Formed July 26, 2010 as a Class 3 re/insurer by Horseshoe Management.
The West of England Insurance	Formed October 29, 2008
Three Crowns Insurance	Owned by Rio Tinto
Third Point Re	Since September 2011, established by Third Point LLC, an $8 billion hedge fund. Chesney House, Pitt's Bay Road, Pembroke. Royal Gazette photo
Thunderbird Re	Lloyd’s of London’s first sidecar.
Thomas Miller (Bermuda) Ltd	Windsor Place, Hamilton. Phone 292-4724. Among other things, managing Airline Mutual Insurance Ltd
Tiberius Reinsurance Co.	Formed June 11, 2008. Class 3.
Tillinghast, Nelson & Warren (Bermuda)	P. O. Box HM 1359, Hamilton HM FX. Actuaries.
Timicuan Reinsurance
Tirsa World	Formed 2006, Class 2
Titan Life & Annuity (Bermuda)	Conyers Dill & Pearman
Tokio Millennium Re (TMR)	The Waterfront, 90 Pitts Bay Road, Pembroke HM 08. Phone 296-6700. Fax 296- 8780. Bermuda's first major Japanese insurance company with a physical presence. Has prospered with a business model unique to the larger Bermuda re/insurance companies. A wholly-owned subsidiary of Tokio Marine and Nichido Fire Insurance Co. Ltd. (Tokio Marine), the oldest and largest non-life insurance company in Japan. The Tokio Marine Group has annual operating income of more than $20 billion. It underwrites large amounts of Japanese windstorm and earthquake risks, and TMR was set up to diversify the parent's book geographically, by underwriting such risks outside Japan.
Top Layer Reinsurance	Based out of the offices of Renaissance Re. Joint venture with State Farm. Since January 1999.
Top Sail Re (SAC)	Formed 17 January 2002. Class 3.
Torus Insurance Holdings (Bermuda)	Since June 2007. Class 4. Launched with a $720 million equity funding from private equity from First Reserve Corporation which specializes in the energy sector. Additional equity investment of $185 million to support the continued expansion of its specialty re/insurance reinsurance business came in 2010 from Corsair Capital of New York and increased the global specialty insurer's equity capital to more than $1 billion with $150 million from Corsair. Operates Torus Insurance (UK) Ltd in London, and Torus Insurance (Bermuda) Ltd., in Bermuda. A technical lines insurer specializing in large complex risks with a focus on the energy sector. Its areas of expertise include energy, power, utility and construction and other highly-engineered risk classes. In December 2008 Torus acquired the renewal rates of New Castle Re, a three-year-old Bermuda reinsurer owned by hedge fund Citadel, which had moved out of the reinsurance business.
Torus Insurance (UK)	Since July 21, 2009. Class 3. Class 3. Incorporated by Torus (Bermuda) Services.
Tower Reinsurance
Towers Perrin Re	Ram Re House, 46 Reid Street, Hamilton HM FX. Phone: 295-8863
Town Hill Re	2006, Class 3
Transport Intermediaries Mutual Insurance Association	Windsor Place, Queen Street, Hamilton. Phone 292-4274
Tramline Re	Since November 29, 2011 as a SPI by Marsh IAS Management Services
Trans West Indemnity	2006, Class 3
Tremont International Insurance	Tremont House, 4 Park Road, Hamilton HM 11. Phone 296-5788. Fax 296-7194. Now owned by Bermuda local insurer and pension provider The Argus Group. Offers variable annuities and life insurance products with a focus on hedge fund investment strategies. Formed in 1996 by Tremont, which offers hedge fund of funds investment management. Under the terms of the deal, Bermuda Life of the Argus Group took over all of the policy issuance and administration functions, while Tremont provides investment management services to the existing policy portfolio.
Trenwick Group	Rated A-. Was once one of Bermuda's top reinsurers internationally. Phone (441) 292-4985 or 292-9773 or fax 292-4878. A subsidiary is Trenwick America Reinsurance Corporation. Now in liquidation.
Triomphe Re	2006, Class 3. Primarily to provide quota share reinsurance to Paris Re. A limited life special purpose reinsurer
Trip Insurance Company	Formed 26 October 2001. Class 2.
Triton Re	Formed December 2011 as a Special Purpose Insurer by the Horseshoe Group, by of the largest family office investors in Japan, a $30-million catastrophe re/insurer. With a mandate to write property and casualty risks as well as to invest in cat bonds, industry loss warranties (ILWs) and sidecars.

W-Z

Walter Investment Reinsurance	Formed December 1, 2008. Class 2.
Walton Insurance	a captive of Phillips Petroleum Co.
WMA Life Insurance Company	Owned by WMA Corporation of Georgia, USA. Life insurer.
Western International Financial Group	P. O. Box HM 2442, Hamilton HM JX. Insurance management and investments.
Western General Insurance	Owned by JP Morgan, Capital Z and Warburg Pincus. One of the principal Bermuda companies.
Westmoreland Risk Management	Formed 3 July 2002. Class 1.
Whitehall Life Insurance	Formed 21 December 2001. Class 3 and Long Term.
Whirlpool Insurance Co.	Formed 19 June 2002. Class 1.
White Mountains Insurance Group	7th Floor, 42 Reid Street, Hamilton HM 12. Assets include CGU Corp, the US general business arm of UK-based Commercial General Norwich Union (CGNU). The group includes White Mountains Underwriting Ltd and Fund America Reinsurance Ltd.
White Mountains Life Reinsurance (Bermuda)	See above. Formed 2006, Class 4 Long Term
Willis Group Holdings (WSH)	F. B. Perry Building, 40 Church Street, P. O. Box HM 1995, Hamilton HM HX. World's third largest insurance broker, with offices in 74 countries. Companies include Willis Management (Bermuda) Ltd. Formed early 2001 to prepare for the move from United Kingdom to Bermuda.
White Shoals Re	Since June 23, 2011, a self-managed Class 3A re/insurer.
Wilton Re Bermuda	P.O. Box HM 3379, Hamilton, Bermuda HM PX. Tel: (441) 295-6752. Fax: (441) 295-6821. Michael N. Smith, CEO. Bermuda-incorporated and based in 2004. Long Term license. A life reinsurer. Parent is Bermuda-based Wilton Re Holdings, owned by Minnesota-based Wilton Reassurance Company.
Wind River Insurance Company (Bermuda)	Formed 20 October 2003. Class 3.
Winterthur Atlantic	Formed 13 December 2001. Class 3.
Winterthur Integra	Formed 16 May 2003. Class 3.
Winterthur Life	Corner House, 37 Church Street, Hamilton, HM 12. Phone 295-3366. Assumed the portfolio of Premier Life (Bermuda). Insures American Express card holders for optional flight insurance for up to $1 million dollars at a reasonable premium but excludes completely anyone who is a resident of Bermuda or Brazil.
WLR Re Bermuda	Formed November 25, 2009 by AG Management, Class 3.
Woodford Re	2006, Class 3
Wrenford Insurance Company	Owned by a number of other companies including Rexnord, Dana, Head, and Beloit, and its purpose is self-insurance for its member companies. Beloit has all its casualty and product liability insurance with Wrenford and has found this is a money saver compared to placing the insurance with more conventional insurance companies.
XL Capital	Rated A+. One of Bermuda's top reinsurers internationally. XL House, 1 Bermudiana Road, Hamilton HM 11. P. O. Box HM 2245, Hamilton HM JX. Phone 292-8515. Fax 292-5280. All the other XL companies are also located there now too. They include XL Insurance Ltd; XL Re Ltd; Latin American Re Ltd; XL Financial Assurance Ltd; XL Financial Solutions Ltd; XL Investments Ltd; Element Ltd. Its liability in the tragic September 11, 2001 World Trade Center and related events exceeded US$700 million. Has raised $250 million in capital. One of the principal Bermuda companies.
XL Insurance (Bermuda)	Address as and subsidiary of above, but phone is 292-8515, fax is 292-1566 and P. O. Box is HM 3225, Hamilton HM JX.
XL Re Latin America	Address as and subsidiary of above, but P. O. Box is HM 3215, Hamilton HM NX, phone is 296-2776, fax is 292-1566.
XL Life	XL House, 1 Bermudiana Road, Hamilton HM 11. P. O. Box HM 822, Hamilton HM EX. Phone 296-4728. Fax 296-4733.
XL Re	Address as and subsidiary of above but phone is 292-1358. Fax 292-0876. Life and health reinsurance.
XL Financial Assurance	Address as and subsidiary of above but phone is 295-7135. Fax 296-4351.
XL Financial Solutions	Owned by above
XL Reinsurance	Owned by above
ZCM Insurance Company (Bermuda)	Formed 12 December 2001. Class 1.
Zurich International (Bermuda)	One of the 10 Bermuda-based subsidiaries of the Zurich Group. The Zurich Centre, 1st Floor, Wellesley House, 90 Pitt's Bay Road, Pembroke HM 08, Bermuda. Telephone (441) 294-2400. Fax (441) 294-2401.

Q Re	Since 2010. Collaterized Class 3 focused on the retro market. May close after billionaire George Soros pulled his funds. Founded by two former Renaissance Re executives, Michael Cash and the late Bill Riker, with the backing of Mr Soros through his hedge fund manager Soros Funds Management.
Quaestus Life International	Windsor Place, Church, Queen and Reid Streets, Hamilton.
Quality Assurance	Formed 13 May 2003. Class 1.
Quanta Capital Holdings	See below
Quanta Reinsurance US	Cumberland House, Victoria Street, Hamilton. Formed 6 June 2003, now with $500 million in capital. Underwrites direct excess liability and/or property catastrophe. Class 4.
Queens Island Reinsurance	Formed 12 December 2001. Capital up to US$1 billion. Class 4.
Quellos (Bermuda)	Formed 2002. A life insurance, advisory and brokerage company. P. O. Box HM 1015, Hamilton.
Quest Insurance Solutions	Scandia International House, 16 Church Street, Hamilton. Phone 295-2185. Fax 292-1143.

UBSURE Bermuda	Broker, formed July 14, 2010.
Union Hamilton Reinsurance	Bermuda reinsurance subsidiary of Wells Fargo.
Ultimate Insurance	Formed November 15, 2002. Class 2.
United Care Insurance	Formed 2006, Class 1
United Kingdom Mutual Steam Ship Assurance Association (Bermuda)	Known as The Club
United Insurance Company
Universal International Re-Insurance	Windsor Place, Hamilton
USA Risk Group	P. O. Box HM 1838, Hamilton HM AX. Member of the USA Risk Group.
US Re Corp. International

Validus Holdings (Bermuda)	See below
Validus Re	Incorporated October 19, 2005. Class 4. With about $1.5 billion in capital. One of Bermuda's biggest international insurers. Formed to sell short-tail policies, including property catastrophe, per risk, marine and energy, aviation, retrocession and other specialty lines. Incorporated by Jeffrey Greenberg and partners from Aquiline Capital Partners. Mintflower Place building, Par-La-Ville Road, will move across the road when construction of the new Bermuda Commercial Bank building finishes. Also with private equity backing from Goldman Sachs Capital Partners, Vestar Capital Partners, New Mountain Capital, and Merrill Lynch Global Private Equity.
Vance General Insurance Company	Formed 19 October 2001. Class 1.
Vecta 1	Formed August 29, 2011 as a Special Purpose Insurer by Aurigen Services.
Vigilant Insurance Co	Formed 20 December 2001. Class 3.
Volunteer Insurance	Formed May 9, 2002. Class 1.

Bermuda's international and local insurers from M to Z Part 2

Specialty risk, captive, excess liability, property catastrophe, etc. offered by multi-nationals

Introduction

M

N

O

P

Q

R

S

T

U

V

W-Z

125+ files on other aspects of Bermuda