The Bermuda Monetary Authority has granted Advent Re a class 3 reinsurer licence.
Advent Re will be capitalised at £37.5m and will underwrite retrocessional contracts.
Advent chairman Brian Caudle said: “I am delighted that we have established Advent Re at such an opportune time. I look forward to leading its development as our second reinsurance platform whilst continuing oversight of our Lloyd's operations and the broader strategic goals of the group.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
