Bermuda once again finds itself on the European Union’s so-called ‘blacklist’, but the government is committed to laying the groundwork for removing the jurisdiction from this list as soon as possible. Bermuda Re+ILS reports.
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Bermuda:Re+ILS investigates.
It’s been a busy year for the reinsurance industry on Bermuda. Bermuda:Re+ILS surveyed readers to find out what caught people’s attention the most over the course of the year.
After a tough couple of years what might lie ahead for the reinsurance market in 2019? Bermuda:Re+ILS reveals the results of its latest reader survey.
Bermuda will “keep on keepin’ on” and doing what it is doing when it comes to insurance-linked securities (ILS), says Greg Wojciechowski, chief executive officer of the Bermuda Stock Exchange. Here he looks back at 2018 and forward to 2019 as the jurisdiction continues to work hard to develop and keep its solid platform.
The insurance industry is changing quickly, and technology is the primary catalyst transforming the sector, a report by PwC on insurtech trends has concluded. Bermuda:Re+ILS examines some of the main findings of the report.
As consolidation continues to reshape the landscape for re/insurers, Alan Bossin of Appleby Bermuda gives Bermuda:Re+ILS his take on what is driving this activity, where pricing is, what the risks are and how a jewel can be found in even the most ostensibly weak target.
Thirty-six percent of reinsurer respondents to an AM Best survey view their current innovation strategies as a key component of overall objectives, and more than half prefer to work with others. Sridhar Manyem and Victoria Ohorodnyk of AM Best discuss these findings and others.
The ILS markets will continue to evolve and flourish with Bermuda front and centre of future development. That was the overall takeaway of the ILS Convergence 2018, held in Bermuda in early October.
Multi-cat bonds or other ILS solutions are the only viable solution for coping with natural disasters in the Eastern European and Commonwealth of Independent States region, and Bermuda could have a big role to play in making this happen, says Kirill Savrassov, chief executive of Bermuda-based Phoenix CRetro Reinsurance.