News relating to the Bermuda and international insurance and reinsurance industry.
As soft pricing persists and growth opportunities remain vague, reinsurers could find themselves being prompted to re-evaluate their strategies in the near future.
A micro insurance venture incubator (MVI) has been launched on Bermuda by a group of re/insurers and brokers.
Current conditions mean that investors must weigh up the variety of reinsurance asset classes that are available to them and assess whether the influx of capital is set to intensify or slow down.
Tim Trainor, the practice leader for risk modelling firm EQECAT’s Bermuda branch, has left the company.
Verisk Analytics, through its division ISO, has undertaken a new initiative focused on identifying and developing data and analytics tools for reinsurers and insurance-linked securities (ILS) players.
The president of XL Insurance (Bermuda), Patrick Tannock, has been elected as chairman of the Association of Bermuda International Companies (ABIC).
Bermuda-based Third Point Reinsurance expects its net profits to fall by up to 79 percent from the prior year.
Bermuda-based Hiscox has said that assets under management in its Kiskadee insurance-linked strategies (ILS) funds have grown to over $400 million at January 1, 2015.
XL and Catlin will not have to pay a break fee, if the proposed $4.1 billion merger deal falls through.
Dermot O’Donohoe, the former chief executive officer (CEO) of Torus, has been appointed as CEO of Sportscover, Hamilton Insurance’s recently acquired Lloyd’s managing agent.