Market
Insurtech in Bermuda
18 companies · 59 stories · $750M disclosed
Insurtech Daily tracks 18 insurance and insurtech companies headquartered in Bermuda — 9 reinsurers, 6 insurers and 2 insurtechs, across 59 stories going back to Sep 4, 2024. Between them they have disclosed $750M across 2 funding rounds, the largest Chariot Re's $700M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| Chariot Re | $700M | Strategic | — | Coverager | |
| mea | $50M | Growth | SEP | FinTech Global+5 |
Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| mea | Insurtech | — | 10 | $50M |
| Mosaic | Insurer | Hamilton | 9 | — |
| Arch | Insurer | Hamilton | 7 | — |
| Hiscox | Insurer | Hamilton | 5 | — |
| SiriusPoint | Reinsurer | — | 5 | — |
| AXIS Capital | Insurer | — | 4 | — |
| Banyan Risk | MGA | — | 3 | — |
| Everest | Reinsurer | — | 3 | — |
| Chariot Re | Reinsurer | — | 2 | $700M |
| Cedar Trace | Reinsurer | — | 2 | — |
| Mythen | Insurtech | — | 2 | — |
| Ariel Re | Reinsurer | — | 1 | — |
| Aspen | Insurer | — | 1 | — |
| Darag | Reinsurer | Hamilton | 1 | — |
| Hamilton | Insurer | Hamilton | 1 | — |
| PartnerRe | Reinsurer | — | 1 | — |
| Vantage | Reinsurer | Hamilton | 1 | — |
| Xitus Re | Reinsurer | — | 1 | — |
Coverage
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Hiscox USA names a new finance chief from Liberty Mutual
The hire comes as Hiscox USA continues expanding its specialty insurance platform
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Insurance moves: Nirvana, Peach, Vontobel, HF, Darag and Liberty Specialty
Nirvana adds an experienced cyber lead as Liberty Specialty and Darag also make senior hires
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Tech Update: Mosaic Launches AI-Enabled Digital Underwriting System for SMEs
Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative…
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Mosaic launches HALO digital underwriting system
Mosaic Insurance has launched HALO, a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative combines broker trading…
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Cedar Trace plans $300 million Lloyd’s syndicate
Cedar Trace was established in 2024 and is led by insurance veteran Brian Duperreault.
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Mosaic expands North American financial lines business
Mosaic Insurance is a global specialty insurer founded in 2021 by industry veterans Mitch Blaser and Mark Wheeler.
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Mosaic launches AI lab and engineer programme
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Mosaic launches AI lab and engineer programme
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Mosaic launches AI lab and engineer programme
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Mosaic launches AI Lab
The insurer hired its first cohort of four AI, machine learning, and data science specialists.
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Insurance moves: Carbon Underwriting, Liberty Mutual, Mosaic and 5Star Life
Carbon Underwriting has hired its first dedicated US casualty head with fresh growth capital behind the role, and Mosaic has expanded its finpro team with two new integrated products for digital asset and asset…
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Mosaic launches AI Lab and Forward Deployed Engineer Programme
Mosaic Insurance, a global specialty insurer, has announced the launch of an AI Lab and Forward Deployed Engineer (FDE) Programme, designed to accelerate practical artificial intelligence (AI) adoption across its…
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Cyber reinsurance market to shift focus to strategic deployment: Ariel Re’s Carr
Ample capacity and sustained competitive pricing will characterise the cyber reinsurance market, but the core discussion is shifting from sheer volume to strategic deployment, Daniel Carr, Head of Cyber Underwriting at…
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SiriusPoint’s Govrin flags property rate pressure and rising AI adoption across re/insurance
Speaking in an interview during the 68th edition of the Rendez-Vous de Septembre (RVS) in Monte Carlo, David Govrin, SiriusPoint’s Group President and CEO of Global Reinsurance & London Market Specialty, discussed the…
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Cedar Trace brings Bermuda's US$1 billion platform to Lloyd's
A Bermuda platform that wrote more than US$1 billion in GWP in under two years is opening a Lloyd's syndicate with a delegated authority portfolio alongside its reinsurance book - for coverholders and MGAs, that is a…
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Chariot Re raises $700 million to expand life and annuity reinsurance platform
Chariot Re launched in July 2025 and has since reinsured approximately $20 billion of liabilities through three transactions.
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AI speeds up underwriting, but the decision stays human: Hiscox VP
Mike Maletsky says AI helps Hiscox underwriters see more risk data, but they still decide
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MetLife and General Atlantic-sponsored Chariot Re secures $700m in third capital raise
Chariot Re, the Bermuda-based Class E life and annuity reinsurer co-sponsored by MetLife and General Atlantic, has closed an oversubscribed third capital raise of approximately $700 million in equity and debt financing…
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INTX extends technology platform as Xitus Re expands run-off operations
INTX Insurance Software has extended its relationship with Bermuda-based property and casualty runoff reinsurer Xitus Re, with the INTX (Re)Insurance Operating System continuing to support the company as it adds…
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Exclusive: Everest's incoming construction head Buonpane resigns to rejoin insurtech Shepherd
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Banyan Risk and Accredited partner to launch US Inland Marine & Marine Property product
Specialist managing general agent (MGA) Banyan Risk has launched a new US Inland Marine & Marine Property product, with capacity provided by program partner Accredited Insurance Limited. The new line targets four core…
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Vantage appoints Lucy Fato as General Counsel
Vantage Group Holdings Ltd. (Vantage), a specialty re/insurance business, has appointed Lucy Fato as its new General Counsel as the company moves into its next phase following its acquisition by Howard Hughes Holdings.…
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Banyan Risk Enters US Inland Marine Market with Accredited Insurance Partnership
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SiriusPoint appoints Parvatikar as VP, Reinsurance Technology Platforms & Transformation Lead
SiriusPoint, a specialty insurer and reinsurer based in Bermuda, has appointed Ajay Parvatikar as VP, Reinsurance Technology Platforms & Transformation Lead. Parvatikar brings more than 25 years of professional IT…
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Hiscox announces current return estimates for Syndicates 33 and 6104
Bermuda-headquartered international specialist insurer Hiscox has released current estimates for the 2024 and 2025 accounts of Syndicate 33 and Syndicate 6104. For the 2024 year of account, Hiscox has raised its…
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Hiscox Capital Partners hires Spanos as Senior ILS Actuary
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Arch hands cyber and casualty leadership to one underwriter
James Barrett's expanded authority gives brokers a single point of contact
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Arch hands cyber and specialty casualty leadership to one underwriter
James Barrett's expanded authority gives brokers a single point of contact
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Everest to sell Mexico insurance operations to Fairfax
The transaction follows Everest's recent announcements of agreements to sell its Colombia and Canada insurance operations.
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AXIS to acquire renewal rights to DUAL North America’s Excess Liability business
AXIS Capital Holdings Limited, a Bermuda-based global specialty insurer and reinsurer, has announced it has agreed to acquire the renewal rights to DUAL North America’s (DUAL) Excess Liability business. DUAL operates as…
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Everest agrees to sell Mexico insurance business to Fairfax
Everest has agreed to sell its Mexico insurance operations to Fairfax Financial Holdings, continuing its strategic withdrawal from commercial retail insurance markets.
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AXIS Capital creates new head of technology & AI strategy role
The specialty insurer's new hire arrives after a strong quarter of US E&S-driven growth and 15 straight quarters of double-digit book value gains
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Arch favors buybacks over expensive M&A
Insurer recorded $201 million in catastrophe losses during the quarter from the Iran conflict and US severe convective storms.
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Banyan Risk launches insurance product for digital asset and emerging risk sector
Banyan Risk Ltd, a Bermuda-based specialty Managing General Agent (MGA), has announced the launch of a new Digital Assets & Emerging Risks product. The line will be underwritten through Banyan’s platform in Bermuda…
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Give insurance leaders results, not pilots: Mea CEO Martin Henley
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PartnerRe posts solid underwriting performance in H1’26, net income reaches $447m
Bermuda-based reinsurer PartnerRe has reported net income of $447 million for the first half of 2026, with return on equity of 8.1%, while its non-life combined ratio was 85.1%. Total revenues for H1 2026 fell 15.5%…
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Arch RoamRight partners with TravelJoy
Through this integration, advisors can quote and purchase Arch RoamRight travel insurance directly within TravelJoy.
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AXIS Capital adds Rahil Jogani to newly created role as Head of Technology & AI Strategy
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has appointed Rahil Jogani to the newly created role of Head of Technology & Artificial Intelligence (AI) Strategy, based in the New York office. In his…
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Arch posts $1bn Q2 profit despite higher catastrophe losses
Arch Capital Group reported net income of $1 billion for the second quarter of 2026, as higher catastrophe losses weighed on earnings despite continued underwriting profitability and growth in investment income.
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AXIS Capital adds McKinsey AI expert to its board of directors
The 40 most recent of 59 stories naming a company based in Bermuda.