News relating to the Bermuda and international insurance and reinsurance industry.
In its annual renewals review—this year entitled The route of profitable growth—Guy Carpenter highlighted capital management as one of the key means to drive growth in the re/insurance market.
Despite troubling global economic conditions, AM Best’s latest Global Reinsurance Outlook paints a stable picture for the reinsurance sector in 2013 and argues that it is well-positioned to ride out the ongoing crisis.
Arch Capital Group announced on Monday that the domestication of its Canadian insurance and reinsurance operations had been completed.
After 14 years in power, Bermuda’s Progressive Labour Party (PLP) was defeated in this week’s election by the One Bermuda Alliance (OBA), which will form the new government under its leader Craig Cannonier.
Bermuda-based re/insurer, Alterra has announced that is to be acquired by US-based specialty insurer, Markel in a deal that will create a company that is expected to write $4.4 billion of premium annually.
Global insurance rate increases have slowed despite the impact of Superstorm Sandy, according to Marsh’s latest quarterly briefing, but there may yet be impetus to reduce primary retentions.
Allied World Assurance Company (AWAC) announced on Wednesday that it has acquired a minority stake in Aeolus Capital Management as it expands its Allied World Financial Services.
Business Bermuda released a report detailing the Island’s role in the global economy, just in time for the start of the New Year.
PartnerRe announced on Tuesday that it has officially acquired California-based managing general agency (MGA) and reinsurance underwriter, Presidio Reinsurance Group.
The Patient Protection and Affordable Care Act (PPACA) is changing the US health care landscape and re/insurers have been obliged to respond, often through enlarged teams and a new approach to such risks.