News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda-based Validus Holdings posted a fall in profits for 2014, as losses in the third quarter took their toll.
Bermuda-based Mt. Logan Re, Everest Re’s special purpose reinsurer, has strengthened its board of directors.
Bermuda is ready to fight to retain its top position for the creation, listing and servicing of insurance-linked securities (ILS) in 2015.
Bermuda-based PartnerRe has confirmed that the January renewals were “extraordinarily competitive” and its renewal book shrank slightly.
Insurance services and investment company Randall & Quilter (R&Q) has acquired two Bermuda-based captives.
The competitive stresses of the re/insurance market are driving increasing consolidation in the Bermuda market.
Rating agencies have mixed views on PartnerRe’s and Axis Capital’s proposed merger, raising concerns over integration risks.
Many reinsurers will struggle to sustain new investment and competitive relevance despite lower costs and uplifts in premium rates.
The chief executive officer (CEO) of Bermuda-based JLT Insurance Management (JLTIM) has departed.
Bermuda-based Axis Capital and PartnerRe have agreed an $11 billion merger, which will create one of the five biggest reinsurers globally.