News relating to the Bermuda and international insurance and reinsurance industry.
Re/insurer Amlin’s Bermuda division saw renewal rates fall 8.3 percent in the first nine months of 2014.
Bermuda-based Athene Holding, the parent company of Athene Annuity & Life Assurance Company and Athene Life Insurance Company, has appointed Stephen Cernich as interim chief actuary.
According to a panel of CFOs speaking at the PwC/S&P Bermuda Reinsurance 2014 conference, effective capital deployment is a major theme for CFOs in the current market environment.
Insurers seeking risk-adjusted returns are focusing on the agility and responsiveness of both their investment and underwriting strategies to changing market conditions and opportunities.
Stephen Catlin, the chief executive officer (CEO) of Catlin, has been elected chair of the Association of Bermuda Insurers and Reinsurers (ABIR) for a two-year term.
Brian Duperrealt-led Hamilton Insurance Group has taken its first steps into the Lloyd’s market with the acquisition of Sportscover Underwriting.
Bermuda has a unique role to play in bringing ILS into the reinsurance market according to the welcome speeches at the ILS Bermuda Convergence 2014 conference.
The latest report from the Bermuda ILS Convergence 2014 conference is that true innovation in the market has not been on the product side but around the deployment of capital.
The latest finding from Bermuda:Re+ILS’s coverage of ILS Convergence 2014 is that ILS will not replace traditional reinsurance but rather work alongside it, said
Bermuda-based Catalina Holdings has completed its acquisition of Danielson Indemnity Company from Covanta Holdings.