News relating to the Bermuda and international insurance and reinsurance industry.
James Bishop, Jr. is appointed to lead Ironshore’s newest team.
Swan Re, part of a new wave of hedge fund-backed reinsurers setting up shop in Bermuda, hasn’t encountered any headwinds on account of SAC Re’s recent troubles.
Lund, whose resignation becomes effective February 28th, will return to his home in Canada.
Rubik Reinsurance, Hyaline Re, and Swan Re were all registered with the BMA in the first month of 2014.
The draw allows Kinesis Re to underwrite fully collateralised reinsurance business outside of the traditional market renewal season.
The impact of broker sidecar facilities is already being felt in property insurance, and, while they represent a low cost and diversified strategy for re/insurance participants, there is a danger that certain such facilities may erode confidence in underwriting.
ACE has promoted Per Bengtsson to property and technical lines manager for the Nordic region and Morten Stensholt has been appointed as property manager, Norway.
Pine River Capital Management, the $14.3 billion hedge-fund firm, is reported to be looking to raise up to $750 million to capitalise a new Bermuda-based reinsurer called Pine River Re.
Lee Stacey heads the new casualty unit as the company continues to build its underwriting proposition for corporate clients across the country.
A survey of global CEOs has found that 80 percent believe that they face increasing demands for transparency, with an emphasis being placed on the reputational position of firms.