News relating to the Bermuda and international insurance and reinsurance industry.
Liberty Mutual has unlocked around $240 million of reinsurance capacity for its US property catastrophe program and global treaty property reinsurance business via an issue of insurance linked securities (ILS) on its Limestone Re platform.
The insurance-linked securities (ILS) market is set to bounce back from the recent drop of interest, according to an S&P Global Ratings’ report.
Randall & Quilter II Holdings, a subsidiary of Randall & Quilter Investment Holdings, has signed an agreement to acquire the entire issued share capital of Sandell Holdings, including its subsidiary Sandell Re.
Sompo Holdings has created a global transactions group (GTG) to take overall responsibility for all M&A, intercompany transactions and joint ventures globally.
Significant price weakness in the secondary cat bond market saw the ILS Diversified cat bond portfolio deliver negative returns in May, pulling overall fund performance into negative territory.
The PwC Insurance Summit will take place in Bermuda on November 7, 2019.
Monument Re has completed ITS acquisition of Nordben Life and Pension Insurance from BenCo Insurance Holding.
Richard Watson is to step down from his role as chief underwriting officer at Hiscox.
The National Association of Insurance Commissioners (NAIC) has revised the Credit for Reinsurance Model Law and Credit for Reinsurance Model Regulation, bringing them into line with arrangements in place for the European Union and United Kingdom.
Catastrophe risk modeling firm AIR Worldwide (AIR) has made a number of changes to its risk models.