News relating to the Bermuda and international insurance and reinsurance industry.
According to a new recent report by Aspen, the Latin American market is beginning to open up, but reinsurers face a fiercely competitive environment.
Allied World has announced the launch of its initial property & casualty (P&C) offering in the Canadian market.
Jardine Lloyd Thompson Capital Markets, which is part of JLT Towers Re, announced it has arranged another private placement catastrophe bond.
Generali’s recent Lion I Re cat bond exceeded expectations at the insurer, both in terms of price and interest, and in the face of a fiercely competitive reinsurance market.
AM Best has downgraded troubled insurer Tower Group’s FSR from B (Fair) to C++ (Marginal).
Florida Citizens has managed to halve its rate on line for both traditional and convergence reinsurance capacity since 2011, as it has taken advantage of “seriously competitive dynamics”.
Third Point Re is to continue with its current business plan in spite of a difficult first quarter.
AXIS has announced that Joe England has been appointed chief underwriting officer, international division at AXIS Insurance.
Impact Forecasting has released the latest edition of its monthly global catastrophe report, revealing severe weather events in the US topped $1 billion of loss.
ACE Group has announced the launch of an exclusive mobile application that provides travel assistance services for its international casualty insureds doing business overseas.