News relating to the Bermuda and international insurance and reinsurance industry.
Schroders has launched the Schroders Investment Fund Core Insurance Linked Securities fund, which will invest in a diversified portfolio of ILS.
Nicholas Givelet has been appointed risk engineer in its Continental Europe environmental insurance team as it continues to invest in building its environmental risk expertise.
Endurance has appointed Graham Evans, formerly president of professional lines at Axis, to head a new international insurance platform offering multi-line capabilities. He will be based in London.
According to Ian Forwood of NIIT Technologies, flexibility that includes deterministic methods alongside traditional cat models is the way forward for the reinsurance industry.
Ironshore’s Lloyd’s syndicate, Pembroke, has increased its global terrorism and sabotage capacity to $300 million.
Bermuda-based Tower Group has substantially increased its loss reserves by $365 million in order to fill holes in its 2009 to 2011 accident year business.
Rumours are flying around regarding SAC Capital looking for a buyer for its Bermuda reinsurance business, SAC Re.
Bermuda-based Blue Capital Re, which offers collateralised reinsurance in the property cat space, has registered its intent to make an IPO with the US Securities and Exchange Commission.
Ironshore’s Pembroke managing agency has received approval from Lloyd’s to establish a new syndicate that will be begin writing business in 2014.
RMS has launched its latest offering, RMS (one), a comprehensive risk management platform that will enable niche modellers to piggy-back on the capabilities of RMS.