News relating to the Bermuda and international insurance and reinsurance industry.
ACE appoints Denmark casualty manager
New hire is part of a program of investment to further strengthen ACE’s proposition in the Nordic region.
Canopius toasts Bermuda
Canopius Group held a reception to celebrate its commitment to the Island.
AM Best affirms Validus Re’s strength
Validus Re’s strong risk-adjusted capitalisation, solid historical operating performance and experienced management team has led AM Best to affirm a financial strength rating of A and issuer credit rating of “a”.
XL Board will see shake-up at 2014 meeting
Anne Stevens is nominated and Herbert Haas stands down.
Guy Carpenter sharpens focus on cyber risk
Guy Carpenter launches a new specialty practice that focusing on the development and delivery of innovative cyber reinsurance solutions.
Validus tax decision may stoke political fires
The decision by a US District Court judge to knock back the IRS’s cascading tax theory as it relates to retrocessional excise tax refunds may stoke the political flames under foreign reinsurers according to Goldberg Segalla partner Jeffrey Kingsley.
Ironshore plunges into Yacht Insurance Sector
James Bishop, Jr. is appointed to lead Ironshore’s newest team.
Swan Re: our investors aren’t spooked by SAC Re
Swan Re, part of a new wave of hedge fund-backed reinsurers setting up shop in Bermuda, hasn’t encountered any headwinds on account of SAC Re’s recent troubles.
Cash steps in as Lund leaves BDA
Lund, whose resignation becomes effective February 28th, will return to his home in Canada.
BMA hits five registrations for January
Rubik Reinsurance, Hyaline Re, and Swan Re were all registered with the BMA in the first month of 2014.
