Posts Tagged ‘Bermuda’

Ernst & Young Ltd. announces two senior leadership changes in Bermuda

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David Brown appointed as Senior Partner in Bermuda and Regional Insurance Leader and Jessel Mendes named Regional Growth Markets Leader

HAMILTON, Bermuda, Nov. 1, 2016 /PRNewswire-HISPANIC PR WIRE/ — Ernst & Young Ltd. today announced two leadership changes. David Brown will become the firm’s Senior Partner in Bermuda and Insurance Leader for the EY Bahamas, Bermuda, British Virgin Islands and Cayman Islands region, replacing Pete Cangany, who will retire from EY after 37 years with the organization. This transition will take effect on July 1, 2017, and Cangany will remain in the role until that time. Effective immediately, Jessel Mendes will assume the new role of Regional Growth Markets Leader, in addition to his current responsibilities as Partner of Ernst & Young Ltd. (EY Bermuda).

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Brown most recently served as the Insurance Industry leader for the Southwest Region of Ernst & Young LLP in the US and directed the Southwest Region FSO Assurance practice. He has more than 27 years of experience working with large multinational clients, including insurance companies with global operations, US domestic insurance enterprises and Bermuda-based global reinsurance companies. Cangany has served as Senior Bermuda Partner since July 2014, and has been regional Insurance Leader since January 2013.

“Under Pete’s leadership, we have been able to build a high-performing team in Bermuda, enhance our relationships with stakeholders across the market and expand our range of services and expertise,” said Dan Scott, Regional Managing Partner for the EY region including Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands. “We are very excited to have David assume this role and contribute to our legacy of leadership. His deep insurance and reinsurance experience, coupled with his knowledge of the market, will allow us to bring even more global resources to our Bermuda clients and help them capitalize on new opportunities. We are pleased to have Pete remain in the role through the end of June to provide guidance and assist in the transition process.”

In taking on the new role of Growth Markets Leader for the region, Jessel Mendes will be adding to his current responsibilities as EY Bermuda Partner. In addition to continuing to interact with EY Bermuda clients and other market stakeholders, as Growth Markets Leader he will focus on driving growth for EY firms across the region, maintaining a pulse on the market, overseeing the growth of EY service offerings, programs and initiatives, and determining how resources and capabilities can be best deployed to benefit clients. Mendes, who is a member of the board of the Bermuda Business Development Agency (BDA), will also leverage his extensive network of relationships to uncover new opportunities and help EY Bermuda and the region’s other firms build on their market position.

“We are positioned for the next phase of growth in Bermuda and across the region, so the timing for these changes is ideal,” added Scott. “We have been working diligently with Pete, David and our clients to lay the groundwork for a smooth transition. David has a deep understanding of the challenges organizations are facing and great insurance industry knowledge, so he was a natural choice to lead our Bermuda practice. With Jessel taking on a new role, we now have a great opportunity to serve our clients’ rapidly-evolving needs and accelerate growth.”

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young Ltd., Bermuda, a member of the global EY organization serving clients in Bermuda.

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James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Announces Dates for Its 2016 First Quarter Earnings Release and Conference Call

CaribPR Wire, PEMBROKE, Bermuda, April 12, 2016:  James River Group Holdings, Ltd. (NASDAQ:JRVR) announced today it will release its earnings for the quarter – ended March 31, 2016 after the market closes on Wednesday, May 4, 2016. The Company will also host a conference call to discuss its results with analysts and investors on Thursday, May 5, 2016 beginning at 9:00am (Eastern Daylight Time).

Investors may access the conference call by dialing (877) 930-8055, conference ID#79290889, or via the internet by going to www.jrgh.net and clicking on the “Investor Relations” link. Please visit the website at least 15 minutes early to register, download and install any necessary audio software. A replay of the call will be available at both the number above and the website until the close of business on June 4, 2016.

About James River Group Holdings, Ltd.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies founded by members of our management team. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) with a “positive outlook” by A.M. Best Company.

Visit James River Group Holdings, Ltd. on the web at www.jrgh.net

For more information contact:
Robert Myron
President and Chief Operating Officer
441-278-4583
InvestorRelations@jrgh.net
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James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Announces Dates for Its 2015 Fourth Quarter and Year-End Earnings Release and Conference Call

CaribPR Wire, PEMBROKE, Bermuda, Jan. 19, 2016:  James River Group Holdings, Ltd. (NASDAQ:JRVR) announced today it will release its earnings for the quarter and year ended December 31, 2015 after the market closes on Wednesday February 17, 2016. The Company will also host a conference call to discuss its results with analysts and investors on Thursday, February 18, 2016 beginning at 9:00am (Eastern Standard Time).

Investors may access the conference call by dialing (877) 930-8055, conference ID# 12632972, or via the internet by going to www.jrgh.net and clicking on the “Investor Relations” link. Please visit the website at least 15 minutes early to register, download and install any necessary audio software. A replay of the call will be available at both the number above and the website until the close of business on March 19, 2016.

About James River Group Holdings, Ltd.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies founded by members of our management team. The company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) with a “positive outlook” by A.M. Best Company.

Visit James River Group Holdings, Ltd. on the web at www.jrgh.net

For more information contact:

Robert Myron
President and Chief Operating Officer
InvestorRelations@jrgh.net
441-278-4583
James River Group Holdings, Ltd. (NASDAQ: "JRVR") anuncia las fechas de la conferencia telefónica en la que dará a conocer las ganancias del cuarto trimestre y de fin de ano de 2015
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Cutting edge therapy for Psoriasis patients now available in the Caribbean

- Clinical trials with over 3,000 treated patients demonstrate its efficacy.

- Studies demonstrated that at least two thirds of the patients obtained 75% improvement of Psoriasis Activity Severity Index.

- This treatment significantly improves the quality of life of patients with moderate to severe plaque psoriasis.

PANAMA CITY, Dec. 2, 2015 /PRNewswire-HISPANIC PR WIRE/ – Psoriasis is a chronic skin disease that affects around 140 million people worldwide.  It’s more frequent between the ages of 15 and 25, but may develop at any age and highly impacts the quality of life.

Several types of psoriasis exist, which range from mild to severe and disabling. Plaque psoriasis is the most common form and is known for producing inflammation and scaly patches of thickened skin called “plaques”. It is caused due to a problem in the immunologic system, where white blood cells that normally become activated to fight infections, are in this case activated against the healthy skin cells.  The cause of the disease is unknown. The immunologic system is activated and produces inflammatory mediators which are responsible for the skin lesions.

During this process, white blood cells release chemical products called “cytokines”, which produce inflammation, reddening of the skin and make the cutaneous cells move from deeper skin layer to surface at a higher speed than normal, (almost 5 times). These cells accumulate and generate the scaly patches. Psoriatic lesions show the aspect of scales, sometimes with a white silver color, while the skin below is red and if scratched it can bleed. Two specific cytokines are increased in the pathogenesis of psoriasis and produce the inflammatory process of the disease (Interleukin 12 and Interleukin 23).

Ustekinumab is a monoclonal antibody that represents the first of a new class of psoriasis therapies that specifically and selectively targets IL-12/IL-23.

Ustekinumab is now available in the Caribbean, specifically in Aruba, Bahamas, Bermuda, Cayman Islands, Curacao and Jamaica.[i] Ustekinumab is commercialized under the brand Stelara™.

This therapeutic alternative is the latest generation of psoriasis treatment. With over 3,000 treated patients (in clinical trials) up to 5 years of treatment. The data obtained proves that the treatment is well tolerated and safe.

Clinical trials demonstrated that at least two thirds of the patients obtained a 75% improvement of the psoriasis, in accordance with the Psoriasis Activity Severity Index (PASI 75), after only two doses of Ustekinumab. This innovative treatment has a very convenient dosage regimen when compared with other biological therapies for psoriasis. After 5 years, approximately 80% of the patients treated with Ustekinumab maintain response.

Until recent years, psoriasis was considered a disease limited to the skin. Recent evidence, from important population studies in psoriatic patients, has demonstrated an increase in mortality and a decrease in life expectancy between 3 to 4 years in patients with psoriasis.

On the other hand, the impact of psoriasis notably influences the quality of life, and this is reflected in the increase of different social and psychoactive pathologies, and in the acquisition of unhealthy habits like tobacco and alcohol, favored by low self-esteem, anxiety, depression and the isolation which patients feel subjected to.[ii]

“Ustekinumab significantly improves the quality of life of patients with moderate to severe psoriasis, as well as their physical and mental functions. After 12 weeks of treatment, patients treated with Ustekinumab present a significant improvement in their mental well-being and their physical condition”, affirmed Dr. Eduardo Franco; Janssen’s Medical Director for Central America and the Caribbean.

The itching and pain, the plaques in their hands and feet may hinder the performance of certain tasks or participation in some activities. Overtime, about 40% of psoriatic patients develop arthritis. “The most severe cases of psoriasis may even generate immobility of the patient. Some patients compare the reduction of their physical activities to the ones generated by other diseases as cancer or heart diseases”, pointed out Dr. Jose Antonio Herrera, Immunology Medical Manager for Janssen.

About Janssen

Janssen is a Company dedicated to the research of providing innovative products that help protect and improve the life of people, and face and solve the most important and unresolved medical needs of our times, in the areas of oncology, immunology, neurosciences and infectious, cardiovascular and metabolic diseases.

Across the different companies of the Johnson & Johnson group, our people are united in the passionate pursuit of solutions through science, in benefit of the patients.

Present in over 50 countries, we share the commitment of the founders of the Company, of innovating in ideas, products and services for the patients of the whole world.

[i] Ustekinumab was approved by the following Health Authorities:
Aruba: Drug Registration Board,
Curacao; Drug Registration Board
Jamaica: Ministry of Health.
Cayman Islands, Bahamas and Bermuda are not regulated countries.

[ii] 2009 Latin American Psoriasis Consensus, treatment guides, Latin American Psoriasis Society

Fact Sheet Psoriasis

  1. Psoriasis is a chronic disease that affects over 140 million people worldwide.
  2. It presents itself more frequently between the ages of 15 and 25, but may develop at any age and highly impacts the quality of life.
  3. The main cause for this disease is unknown. The immunologic system is activated and produces inflammatory mediators which stimulated white cells and infiltrate the skin layers. The deep layer cells move to the outer layer of the skin at least 5 time faster than usual, and this produces the characteristic plaque of the psoriasis.
  4. There are several clinical forms of the disease, plaque psoriasis being the most common form. It is known for producing inflammation and scaly patches of thickened skin called “plaques”.
  5. Moderate to severe plaque psoriasis, notably influences the quality of life.  Severe cases of psoriasis may even generate immobility of the patient.
  6. Some patients compare the reduction of their physical activities to the ones generated by other diseases such as cancer or heart disease.
  7. Ustekinumab is now available in the Caribbean, specifically in Aruba, Bahamas, Bermuda, Caiman Islands, Curacao and Jamaica.[i]  Ustekinumab is commercialized under the brand Stelara™.
  8. Clinical trials with over 3,000 patients treated with Ustekinumab have demonstrated its efficacy. At least two thirds of the patients obtained a 75% improvement of the Psoriasis Activity Severity Index.
  9. After 5 years, approximately 80% of the patients treated with Ustekinumab maintain response.

[i] Ustekinumab was approved by the following Health Authorities:
Aruba: Drug Registration Board,
Curacao; Drug Registration Board
Jamaica: Ministry of Health.
Cayman Islands, Bahamas and Bermuda are not regulated countries.

CONTACT:  Janssen, JoanTownsend, (507) 64306252 or (507) 3989740, tojoa

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James River Group Holdings, Ltd. (NASDAQ:JRVR) Announces Dates for Its 2015 Third Quarter Earnings Release and Conference Call

CaribPR Wire, PEMBROKE, Bermuda, Oct. 13, 2015: James River Group Holdings, Ltd. (NASDAQ:JRVR) announced today it will release its earnings for the quarter and year-to-date ended September 30, 2015 after the market closes on Wednesday November 4, 2015. The Company will also host a conference call to discuss its results with analysts and investors on Thursday, November 5, 2015 beginning at 9:00am (Eastern Standard Time).

Investors may access the conference call by dialing (877) 930-8055, conference ID# 17443071, or via the internet by going to www.jrgh.net and clicking on the “Investor Relations” link. Please visit the website at least 15 minutes early to register, download and install any necessary audio software. A replay of the call will be available at both the number above and the website until the close of business on December 4, 2015.

About James River Group Holdings, Ltd.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies founded by members of our management team. The company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) with a “positive outlook” by A.M. Best Company.

Visit James River Group Holdings, Ltd. on the web at www.jrgh.net


James River Group Holdings, Ltd. (NASDAQ:JRVR)  Anuncia las Fechas de la Publicación de sus Ganancias del Tercer  Trimestre de 2015 y de la Conferencia Telefónica

CaribPR Wire, PEMBROKE, Bermudas, Oct.  14, 2015 — James River  Group Holdings, Ltd. (NASDAQ:JRVR) anunció hoy que publicará las  ganancias del trimestre y del año hasta la fecha que finalizaron el 30  de septiembre de 2015 luego del cierre del mercado el miércoles, 4 de  noviembre de 2015. El jueves, 5 de noviembre de 2015, a partir de las  9.00 a. m. (hora estándar del este), la compañía ofrecerá una  conferencia telefónica para analizar los resultados con analistas e  inversionistas.

Los inversionistas pueden participar en la  conferencia llamando al (877) 930-8055; el número de identificación de  la conferencia es el 17443071. O bien a través de Internet en www.jrgh.net haciendo clic en el enlace “Investor Relations” (Relaciones con los  inversionistas). Ingrese al sitio web al menos 15 minutos antes del  evento para inscribirse y descargar e instalar el software de audio  necesario. La repetición de la conferencia estará disponible en el  número de teléfono y en el sitio web antes mencionados hasta el cierre  de la jornada el 4 de diciembre de 2015.

Acerca de James River Group Holdings, Ltd James  River Group Holdings, Ltd. es un holding empresarial de seguros con  sede en las Bermudas que posee y opera un grupo de compañías  especializadas de seguros y reaseguros fundadas por miembros de nuestro  equipo gerencial. La compañía opera en tres segmentos especializados de  seguros y reaseguros de responsabilidad y patrimoniales: líneas de  excesos y excedentes, seguros de productos especiales admitidos y  reaseguros de responsabilidad. En cada uno de los segmentos, la compañía  tiende a enfocarse en cuentas asociadas con pequeñas y medianas  empresas. A.M. Best Company calificó con “A-” (excelente) y una  “perspectiva positiva” a cada una de las subsidiarias de seguro  reguladas de la compañía.

Visite el sitio web de James River Group Holdings, Ltd. en www.jrgh.net.

Para obtener más información, comuníquese con:

Robert Myron

Presidente y director de Operaciones

InvestorRelations@jrgh.net

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Redbridge announces Life and Disability Binding Authority

CORAL GABLES, Fla., July 9, 2015 /PRNewswire/ — Redbridge is proud to announce that effective June 1, 2015, Redbridge Reinsurance Managers, LLC began operating with Life and Disability Reinsurance Binding Authority with worldwide territory for insureds domiciled in Latin America, Bermuda, the Bahamas and the Caribbean. We are authorized for a limit of USD 2,000,000 and are 100% supported by Lloyd’s Syndicate 779.

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Redbridge Reinsurance Managers is based in Coral Gables, Florida and is a Lloyd’s authorized coverholder. We guarantee quality service, and commit to provide a prompt quote once all required information is received.

The programs we are offering are as follows:

Group Life Reinsurance

  • Group Life Insurance
  • Total and Permanent Disability
  • Credit Life
  • Credit Disability
  • Credit Involuntary Unemployment Insurance

Personal Accident Reinsurance

  • Individual Accidental Death and Dismemberment (AD&D) Insurance
  • Travel Protection

Individual Life Reinsurance

  • Individual Life Insurance

For any business related inquiries please contact:

Mariano Ruiz (Argentina) – mruiz@redbridge.cc
Roberto Gomez (Dominican Republic) – rgomez@redbridge.cc
Mario Aguilar (Guatemala) – maguilar@redbridge.cc
Guiselle Monge (Costa Rica) – gmonge@redbridge.cc

Our authorized binding executives:     Edmund Santiago, esantiago@redbridge.cc
Dr. Boris Garcia Zakzuk, bgarcia@redbridge.cc

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CONTACT:  Redbridge,  305-232-9040

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Markel Corporation names Mike Clancy Chief Operating Officer, Claims

RICHMOND, Va., May 28, 2015 /PRNewswire/ – Markel Corporation (NYSE: MKL) announced today that Mike Clancy has been named Chief Operating Officer, Markel Claims, effective June 15. In Clancy’s new position, he will be based in Richmond, Virginia and report to Nick Conca, Chief Claims Officer.

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Clancy will focus primarily on accelerating efforts to improve the customer experience and manage the relationship between claims and underwriting teams. To support these initiatives he will be leveraging Markel’s data and analytics capabilities, driving process improvement efforts, and applying technology to make the claims process easier to navigate.

Clancy joined Markel in January 2012 as a Managing Director. In his current role, he has partnered with leadership teams across Markel’s divisions, departments, and the Office of the President to focus on creating business efficiencies and developing tools and resources to support operating discipline.

Prior to joining Markel, Clancy worked for the Boston Consulting Group (BCG) and was a consultant for Markel. He has more than 20 years of experience consulting to the insurance and financial services industries. He has worked extensively with both carriers and brokers in the insurance space, focusing on growth strategies, the consumer experience, and business transformation. Prior to joining BCG, he held various positions in financial services consulting, including co-founding research and advisory firms in New York and Washington, DC.

“Mike’s strong knowledge of Markel’s business, in all its complexity, combined with his industry expertise, will allow us to improve performance across the entire Claims organization,” said Conca. “I am excited to welcome him to our leadership team and look forward to reinforcing claims services as one of Markel’s core strengths and compelling competitive advantages.”

About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.

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CONTACT: Paul Broughton, 804-527-7618, pbroughton@markelcorp.com

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Markel announces leadership changes to its Global Reinsurance division

RICHMOND, Va., April 24, 2015 /PRNewswire/ — Markel Corporation (NYSE: MKL) announced today that Jed Rhoads, President and Chief Underwriting Officer of Markel Global Reinsurance, has assigned the following responsibilities to the divisional management team.

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Andrew Barnard, Managing Director, and Peta White, Managing Director, will co-head Global Reinsurance operations in Markel’s Hamilton, Bermuda office. Barnard leads the international property and retro business, and White leads the North American property business. Additionally in Bermuda, Erik Manning, Managing Director, leads the alternative market initiatives and development.

Don Bahr, Managing Director, and Tod Costikyan, Managing Director, will co-head Global Reinsurance operations in Markel’s Summit, New Jersey office. Bahr leads the casualty reinsurance segment that includes general liability, professional liability, non-standard auto, and medical malpractice. Costikyan leads the areas of specialty reinsurance to include workers compensation, surety, energy, trade credit, confiscation, marine, aviation, public entity, aviation/satellite, and agriculture. Also based in the Summit office, Steve Leitz has been promoted to Chief Administrative Officer for Markel’s Global Reinsurance operations.

Richie Whitt, President and Co-Chief Operating Officer of Markel Corporation, stated, “Since last fall, Jed has transitioned to his role in leading Markel’s Global Reinsurance division, and he has created a management team that is strong with deep underwriting and leadership talent in each of our reinsurance platforms.”

Rhoads commented, “I am excited to work with this team that includes experienced industry professionals with a wide breadth of knowledge. With this strong reinsurance leadership team, we believe that Markel will continue to be well positioned to successfully compete in today’s global reinsurance marketplace.

We want to again thank Dave Kalainoff for his contributions to the Global Reinsurance division and congratulate him on his upcoming retirement, effective June 1,” added Rhoads.

Rhoads will split his time between the Bermuda and Summit offices.

About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.

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CONTACT:  Paul Broughton, 804-527-7618, pbroughton@markelcorp.com

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Beechwood Opens Headquarters in Hamilton, Bermuda

NEW YORK, March 12, 2015 /PRNewswire/ – Beechwood Re announced today the opening of its affiliate Beechwood Bermuda International Limited’s new headquarters in Hamilton, Bermuda. The office, located at Cumberland House, 1 Victoria Street, will support both Beechwood’s reinsurance business that provides capacity to Life, Health, and Annuity insurance companies and Beechwood’s wealth management business that offers direct-written investment products to global (non-U.S.) investors. The new office, according to David Lessing, Executive Vice President of Beechwood, “represents an important next step in Beechwood’s commitment to offering unique solutions for our clients. It allows us to more effectively leverage the world-class infrastructure and expertise available in Bermuda.”

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Beechwood’s Bermuda office will be managed by Graham Mackay, FSA, whom Beechwood has appointed Chief Operating Officer and Head of Underwriting. In this role, Graham will be responsible for key operating functions of the company and the underwriting and management of reinsurance transactions written into Bermuda.

Graham has provided reinsurance solutions and services to clients for over 30 years, covering the full range of products written by life and annuity insurers in key global markets. Graham joins Beechwood from Ernst & Young, LLP where he led their Life Reinsurance Practice serving clients in Bermuda, the Cayman Islands and the U.S.  Prior to EY, Graham held senior management and technical roles with global reinsurers including Mercantile & General Reinsurance, Lincoln Reinsurance, ING Reinsurance, Imagine Re, and Duncanson & Holt and established Milliman’s life actuarial practice. Graham is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and a Member of the American Academy of Actuaries.  He holds a Bachelors of Mathematics from the University of Waterloo.

About Beechwood Re, Ltd. and Beechwood Bermuda International Ltd.
The Beechwood family of companies includes Beechwood Re, a reinsurer domiciled in Grand Cayman and regulated by the Cayman Islands Monetary Authority (CIMA), and Beechwood Bermuda International Ltd., a licensed long-term insurer regulated by the Bermuda Monetary Authority (BMA).  The companies were formed with the belief that there is a shortage in attractive capacity for the life and annuity markets, driven by a need for flexibility and creativity in underwriting and product development in markets associated with asset risk.  The Beechwood companies provide life, annuity, and long-term care reinsurance to primary insurance companies in the U.S. and internationally, and direct-written investment products to clients globally.

Media Relations – Julianne Pepe – jpepe@beechwood.com – (646) 356-1629

RELATED LINKS
http://www.beechwoodbermuda.com
http://www.beechwood.com

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Markel Global Reinsurance adds Erik Manning, Jamie Welsby and John Duda to its team

RICHMOND, Va., Sept. 11, 2014 /PRNewswire/ — Markel Corporation (NYSE: MKL) announced today that Dr. Erik Manning and  Jamie Welsby have been appointed Managing Directors of Markel Global Reinsurance (Markel Re), Markel Corporation’s reinsurance operating division. In addition, John Duda has been appointed Assistant Vice President, Reinsurance Underwriter for Markel Re.

Jed Rhoads, President and Chief Underwriting Officer, Property Reinsurance for Markel Re, commented, “We are very pleased to be adding Erik, Jamie and John to our Bermuda leadership team. They bring a wealth of knowledge and experience in the managed third party capital property reinsurance business that will be an asset to us as we seek to expand our presence in that marketplace. They will enhance our analytical capabilities and help develop a broader product offering, as well as assist with fundraising and the servicing of our clients, brokers, and investors. Their activities will not be limited to the assumed retrocessional reinsurance we write on Markel paper and New Point, our eight year old special purpose insurance vehicle.

“Erik, Jamie and John will bolster our existing Managed Cat and Retro team located in Bermuda that currently comprises Andrew ‘Barney’ Barnard, Crystal Doughty and Elena Marshall. We are committed to the retrocessional market and growing our managed third party capital business.”

Erik Manning recently served as Managing Director, Specialty Practice for Guy Carpenter Bermuda. Previously, Erik was Director, ICG/DCM at Deutsche Bank (based in London). Prior to joining Deustche Bank, he was Senior Structure, Insurance Linked Securities at ABN, AMRO. He has also worked at RK Carvill and Company, Ltd. Erik earned his bachelor’s degree from Appalachian State University and his master’s degree from University of Sheffield. He has a doctorate degree in Theory of Risk from Birkbeck, University of London.

Jamie Welsby was most recently Principal at Logic Reinsurance Underwriting Management, Ltd., which he co-founded. Prior to helping create Logic, Jamie was Head of Property Reinsurance at RBC Reinsurance in Toronto. He has 23 years of reinsurance underwriting and management experience. He also worked with GE Insurance/Frankona, where he held the positions of Global Property Portfolio Leader, Global Catastrophe Leader, and Pricing Actuarial Leader based in Munich, Germany. Jamie is a graduate of McMaster University.

John Duda most recently served as a Portfolio Manager for Logic Reinsurance in Toronto. His experience also includes roles at Benfield (then Aon Benfield) and Guy Carpenter, working in the Canadian and Advisory teams. John has an analytics background and has focused on the placement of property catastrophe business. He has also worked for Zurich Financial Services in London. John earned his bachelor’s degree in Math from the University of Waterloo.

About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.

CONTACT:  Jed Rhoads, President and Chief Underwriting Officer, Markel Global Reinsurance, +1-441-294-6745, Jed.Rhoads@Markelcorp.com

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Caribbean Leaders Urged To “Compete For Wallet Share” At Inaugural Invest Caribbean Forum

W. Dave Dowrich, VP of Investment at Goldman Sachs, 2nd from r., with Chairman of the CTO, Ricky Skerritt, l; Minister Minors of Bermuda, 2.d from l., and Brian Lilly, r., CEO of Lilly Broadcasting and owner of WSEE TV and One Caribbean Weather, premier sponsors of the event. (Sharon Bennett image)

W. Dave Dowrich, VP of Investment at Goldman Sachs, 2nd from r., with Chairman of the CTO, Ricky Skerritt, l; Minister Minors of Bermuda, 2.d from l., and Brian Lilly, r., CEO of Lilly Broadcasting and owner of WSEE TV and One Caribbean Weather, premier sponsors of the event. (Sharon Bennett image)

CaribPR Wire, NEW YORK, NY, Fri. June 10, 2011: The Caribbean is being urged to compete for the global “wallet share” and step up the promotion of “its investment story.”

That’s the advice from W. Dave Dowrich, vice president of investment at Goldman Sachs and the keynote speaker at the inaugural Invest Caribbean Power Forum, convened by digital media solutions company, Hard Beat Communications and the Caribbean Tourism Organization in New York City on Thursday, June 9, 2011.

Dowrich, addressing a packed room at the New York Marriot Marquis Hotel in Times Square, insisted that the Caribbean’s investment “product” stacks up against most other regions of the world, including the BRICS (Brazil, Russia, India and China) on several fronts, such as political stability, accessibility and ease of doing business.

But “where we fall down is in selling and telling our investment story, i.e. the ‘Promotion – P’ of the principles of marketing,” he said of the CARICOM region, whose combined Gross Domestic Product is put at US$90 billion.

Comparing the Caribbean to private companies going public and the need to ensure that their story continues being told to their existing and future investor base, Dowrich said the Caribbean and its leaders must see investment in a similar vein.

“We therefore need to be sure that at every opportunity, our story is told on a consistent basis and told by credible and trust worthy folks such as our senior ministers, and then reinforced by our teams on the ground, who can ‘talk the talk’ of those that need to hear it,” he said.

Dowrich was one of four speakers who addressed the event yesterday. Others included Minister of Business Development & Tourism of Bermuda, Patrice Kimberly Minors; Martin Mohabeer, the Guyana-born Managing Director of Spackman Group and CEO of Spackman Capital and David Brillembourg, CEO of the Brilla Group.

Minors for her part insisted that Bermuda remains open to doing business while Brillembourg advised that attention be turned to Latin American pension funds as potential investors in the Caribbean region.

Mohabeer announced the SEAF Caribbean Growth Fund, insisting that the Caribbean small business market is “tremendously underserved.”

“With this fund we hope to change that,” said Mohabeer, while adding that the fund will make investments in small to middle enterprise firms specializing in IT, media and technology and construction among other sectors.

Among the over 120 attendees at the event were several money managers from the New York’s investment community as well as top tourism officials from the Caribbean including the Hon. Chairman of the Caribbean Tourism Organization and Minister of Tourism and International Travel for St. Kitts/Nevis, Ricky Skerritt; Hon. Richard Sealy, Minister of Tourism, Barbados; Hon. Ed Bartlett, Minister of Tourism, Jamaica; Commissioner of Tourism of St. Eustacius, Clyde Van Putten; Secretary General of the Caribbean Tourism Organization, Hugh Riley; Sylma Brown Bramble, director of CTO North America; Alec Sanguinetti, Director General of the Caribbean Hotel and Tourism Association, Josef Forstmayr, President, Caribbean Hotel and Tourism Association, and other top CTO officials as well as  Caribbean directors of tourism.

“This event surpassed our expectation,” said Felicia Persaud, CEO of Hard Beat Communications, which conceptualized and co-presented the event with the CTO. “We look forward to making this an annual part of Caribbean Week in New York.”

“The Caribbean Tourism Organization was proud to team up with Hard Beat to present this event, since in these tough economic times, investment in the Caribbean is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” commented Brown-Bramble.

The Bermuda Department of Tourism and the Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, were the official sponsors of the ‘Invest Caribbean Power Breakfast.’

Additional sponsors included the PR Newswire, CaribPR Wire, The Bahamas Weekly, News Americas Now and the Caribbean American Chamber of Industry and Commerce.

ABOUT HARD BEAT COMMUNICATIONS

Hard Beat Communications brands itself as a Digital Media Solutions Company. The company does this through its Digital Content Creation and Dissemination and syndicated digital newswire – New Americas Now, formerly CaribWorldNews, its CaribPR wire release dissemination section, part of the PR Newswire; its Media Buying and Event Promotions arm and its New Media Solutions department.

ABOUT THE CTO

The Caribbean Tourism Organization exists to increase significantly the inclusion of the Caribbean region in the set of destinations being considered by travelers. The CTO, with headquarters in Barbados, comprises 32 member countries, including English, French, Spanish and Dutch countries and territories, as well as private sector allied members. Every year, the CTO presents “Caribbean Week In New York,” which Caribbean Week in New York is a celebration of the sights, sounds, colors, culture and unique vacation attributes of the Caribbean.

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AirTran Airways Proclaims "Bermuda Shorts Day" in Baltimore/Washington

- Low Cost Leader Celebrates New Nonstop Flights from the National Capital Region to Bermuda -

 BALTIMORE and WASHINGTON, April 7, 2011 /PRNewswire/ — AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today began new nonstop service between Baltimore/Washington International Thurgood Marshall Airport (BWI) and L.F. Wade International Airport in St. George’s, Bermuda.

 To mark the first flight, the airline proclaimed today “Bermuda Shorts Day” in the Baltimore/Washington area. As part of this special occasion, AirTran Airways gave one lucky winner and a guest a free trip to Bermuda and $25 discount ticket vouchers to anyone who wore Bermuda shorts to Arundel Mills Mall. Passengers on today’s first flight were regaled with colorful Gombey dancers, a steel drum band and island-themed food and drinks during a celebration at the airport. 

 ”We are excited to add Bermuda to our list of ‘island paradise’ destinations,” said John Kirby, AirTran Airways’ senior director of planning. “Reaching the famous pink sand beaches and unique culture of Bermuda has never been easier or more affordable.”

 In addition to this new service from BWI, next month AirTran Airways will add flights to this world-famous destination from Hartsfield-Jackson Atlanta International Airport, where it operates the world’s largest low-cost carrier hub.

 ”We are all very excited that AirTran Airways is making it easier than ever for Baltimore/Washington area residents to get to Bermuda’s world famous pink sand beaches in just two hours,” said Honorable Kim Wilson, JP, MP, Acting Minister of Business Development & Tourism. “The Mid-Atlantic region is very important to Bermuda and there is no doubt that our visitors, as well as Bermudians, will enjoy AirTran’s outstanding service.  We appreciate AirTran’s commitment to our destination and look forward to a strong partnership.”

 The following nonstop flights between Baltimore/Washington and Bermuda are now available:

 Nonstop Service Between Baltimore/Washington and Bermuda

     From        To      Flight  Departs Arrives Frequency

    —-        —     ——  ——- ——- ———

 Baltimore/

  Washington  Bermuda      1811 12:55pm  4:15p     Daily

             Baltimore/

   Bermuda   Washington    1812  5:05pm  6:40pm    Daily

AirTran Airways is a Fortune 1000 company and has been ranked the top airline in the Airline Quality Rating study twice in the past four years.  AirTran is the only major airline with Gogo Inflight Internet on every flight and offers coast-to-coast service on North America’s newest all-Boeing fleet. Our low-cost, high-quality product also includes assigned seating, Business Class and complimentary XM Satellite Radio on every flight. To book a flight, visit airtran.com.

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Blackberry Travel App Is Now Available In Most Caribbean Markets

CaribPR Wire, MIAMI, FL, Weds. April 6, 2011: BlackBerry® Travel™, an application that provides BlackBerry® smartphone users with an all-in-one integrated tool to plan, book, manage and share travel activities quickly and easily, is now available in the major markets of the Caribbean.

The new app was recently announced in February at MWC 2011 in Barcelona and is now ready for download for BlackBerry users in the following markets: Trinidad and Tobago, Jamaica, Barbados, Puerto Rico, Bermuda, Bahamas, Aruba, Cayman Islands, Virgin Islands and US Virgin Islands.

The BlackBerry Travel app offers convenient push notifications and seamless integration of travel itineraries and flight status updates into the familiar BlackBerry Calendar.  When a new booking confirmation or itinerary arrives in the user’s email inbox, the BlackBerry Travel app is automatically updated with the relevant itinerary details, which makes travel planning and management easier than ever. With the BlackBerry push technology, the BlackBerry Travel app can keep users informed and in control of their itineraries by monitoring flight statuses and promptly providing notifications about changes to their flight information. The app can even identify potential omissions or scheduling concerns with their itineraries, such as missing accommodations or timing conflicts, and provide users with suggestions.

The BlackBerry Travel app also brings together tools that travelers need while planning on the go, including:

  • Hotel booking
  • Currency converters
  • Weather forecasts
  • Local search functionality

In addition, BlackBerry smartphone users can share their travel information with colleagues, friends and family over email or through LinkedIn®, directly from the BlackBerry Travel app. The LinkedIn integration allows users to search for people in their network who will be in the same city, send messages to contacts and update their status.

The BlackBerry Travel app also features a web component that allows users to book flights and car rentals, as well as edit and print itineraries, from their computer.

The BlackBerry Travel app was built in collaboration with WorldMate, a leader in mobile travel platforms.  WorldMate and RIM are working together with leaders in the travel industries such as Continental Airlines, Expedia Affiliate Network, Hilton Worldwide, Starwood Hotels and Resorts, United Airlines to provide BlackBerry Travel app users with an amazing mobile experience.

The BlackBerry Travel app will be available as of today from BlackBerry App World™ (www.blackberry.com/appworld). The app is free and works on select BlackBerry smartphones running the BlackBerry® 5 OS (Device Software) or higher.* For more information please visit www.blackberry.com/travel

* BlackBerry Travel is available at launch for the BlackBerry® Bold™, BlackBerry® Curve™, BlackBerry® Storm™ and BlackBerry® Torch™ series of smartphones.

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