Fomenting a reinsurance revolution isn’t easy. Everyone wants change, but what that means is as varied as the people calling for it. So, when there’s a sign of consensus, immediate action is always best, writes Tom Johansmeyer of PCS, Verisk Insurance Solutions.
The proposal by the Government of Bermuda to relax the rules surrounding ownership of Bermudian companies might well lead to an increase the amount of investment in Bermuda, according to an exclusive new survey by Bermuda:Re+ILS.
The recent US tax cuts, officially known as the Tax Cuts and Jobs Act of 2017, will have an impact on those re/insurers that are based on Bermuda, according to an exclusive survey of readers of Bermuda:Re+ILS.
According to a survey of Bermuda:Re+ILS readers the market will see an increase in M&A activity over the year.
ILS as an investment class could benefit from diversity but this must be done with care. Objective triggers must be created carefully to allow for proper pricing, as Clive O’Connell of McCarthy Denning explains.
Rather than taking advantage of a potential market shift following Harvey and Irma, it’s more important that we think about the transformational steps we can take to expand the ILS market, says Tom Johansmeyer of Verisk Insurance Solutions.
In light of stiff competition—from new entrants such as London as well as the more established players—Bermuda has worked hard to maintain its position as the stock exchange of choice for ILS. Greg Wojciechowski of the Bermuda Stock Exchange explains how Bermuda’s support of the asset class is continuing to evolve.
AM Best expects to see more of Fannie and Freddie’s mortgage risks finding their way to the reinsurance market, says Emmanuel Modu, managing director at AM Best.
The understanding and ownership of scientific content will become a focal point of future catastrophe modelling, says Lixin Zeng, chief executive officer of Validus AlphaCat.
This year’s Monte Carlo Rendez-Vous was dominated by storms, both there and thousands of miles away. Bermuda:Re+ILS takes a look at what some of the industry’s movers and shakers had to say at the event as rates, storms and insurtech dominated discussions.