News relating to the Bermuda and international insurance and reinsurance industry.
Bermuda Premier Craig Cannonier has resigned in an effort to shore up support in the One Bermuda Alliance government following ongoing criticism over his acceptance of flights and hospitality from investors.
Blue Capital Global Reinsurance Fund, the reinsurance fund managed by Montpelier Re subsidiary Blue Capital Management, said retrocessional and cat bond prices dropped by 20 percent at the start of the year on the back of competition in the market.
Aspen has issued an investor presentation detailing the strong progress the company has made as it continues to pursue an ambitious growth strategy in the face of continued hostile overtures from Endurance.
Third Point Re has said that deteriorating market conditions in the reinsurance market have prompted it to limit the size of its catastrophe investment fund.
One of the biggest shareholders in Aspen Insurance sold a large percentage of its stock in the insurer during the first quarter, it has emerged.
Access to decision-makers, rapid production of policy documentation, better information on underwriter risk appetite and global coverage top brokers' wish lists, a survey by ACE has found.
Argo International has hired an experienced marine underwriter from RSA.
Argo Group has announced that Axel Schmidt has been hired as group chief underwriting officer.
The inherent conservatism of re/insurers is discouraging them from considering asset allocations that can help increase investment returns without any corresponding increase in volatility.
US property & casualty insurers suffered losses throughout the first quarter of 2014, driven primarily by higher weather-related losses and elevated non-cat losses.