News relating to the Bermuda and international insurance and reinsurance industry.
AXIS Capital is confident that 2014 will be a successful year for business in the face of mixed quarterly results.
Torrential rains from the same storm system that has spawned multiple tornadoes and severe thunderstorms across the Midwest and Southeastern US have caused flash flooding across the Florida Panhandle and Southern Alabama, says modelling firm AIR Worldwide.
Allied World has announced that its European division will launch a new onshore construction insurance segment.
Hamilton Insurance Group has appointed Keith Bernhard as head of internal audit.
XL has recorded impressive quarterly results despite challenging market conditions, reporting a combined ratio of 76.3 percent for reinsurance.
Montpelier Re has said that its Lloyd's and collateralised segments were behind premium growth in the first quarter.
Willis has appointed Jeroen Everling as CEO of Willis in the Netherlands.
Lancashire’s acquisition of Cathedral and its third party manager Kinesis have helped to drive impressive premium growth during the first quarter.
While there continues to be increased interest in political risk coverage globally, concerns over instability in the Ukraine have led insurers to largely stop underwriting political risk policies in the region.
According to ILS Advisers latest report into the cat bond market, cat bond issuance and sales hit a record high during the first quarter, but coupon rates declined precipitously.