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PartnerRe Q3 2018 results dip due to cat losses

Bermuda, Global16-11-2018

PartnerRe has announced that its third quarter results were impacted by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses from its investment portfolio.

Hamilton reveals list of insurtech startups at conference

Bermuda16-11-2018

Hamilton Insurance Group has unveiled the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda.

S&P conference looks at global reinsurance market

Bermuda, Global15-11-2018

Reinsurers have looked for strategic growth through new products and coverage, as well as possible mergers and acquisitions (M&A), according to panellists at the annual 2018 S&P Global Ratings Bermuda Reinsurance Conference, which took place at The Hamilton Princess Hotel on Nov. 6 and 7.

AM Best downgrades Maiden Holdings ratings

Bermuda, North America15-11-2018

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bbb-” of Maiden Holdings and its downstream intermediate holding company, Maiden Holdings North America.

PwC Bermuda welcomes IASB delay of IFRS 17 standard

Bermuda, Global15-11-2018

The International Accounting Standards Board (IASB) has decided, subject to the IASB’s due process, that the IFRS 17 insurance accounting standard will be delayed by one year and the extension of the deferral of IFRS 9 to the same date.

AM Best: 2018 California wildfires will hit record levels of damage

North America14-11-2018

AM Best is estimating that wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures.

New head of risk at Hamilton Re

Bermuda13-11-2018

Hamilton Re has announced that David Roache has joined in the newly-created position of senior vice president, Head of Risk XS.

New CEO appointed at BDA

Bermuda13-11-2018

Roland (Andy) Burrows has been appointed as the new chief executive officer of the Bermuda Business Development Agency (BDA) by its Board of Directors.

Marsh to create new speciality unit

Bermuda, Global13-11-2018

Marsh is to create the Marsh-JLT Specialty unit, which will combine the specialty teams of Marsh and Jardine Lloyd Thompson (JLT) Group.

Assured Guaranty combines subsidiary portfolios

Bermuda, Europe, London13-11-2018

Assured Guaranty has announced the successful combination of the portfolios and operations of its four international financial guarantee insurance companies. Assured Guaranty (London), Assured Guaranty (UK) and CIFG Europe, which were previously acquired by Assured Guaranty Europe, have been merged with and into AGE, with AGE as the surviving entity.

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