News relating to the Bermuda and international insurance and reinsurance industry.
In the second part of our interview with Julia Mather, head of Bermuda at Miller, regarding the ongoing success of the Bermuda U40s tour.
Everest Re announced on Friday the formation of Bermuda-domiciled special purpose reinsurer, Mt. Logan Re, through which it will extend global collateralised property cat capacity to the market.
According to Aon Benfield’s latest review of the global ILS market, a strong fourth quarter in 2012 resulted in a five-year high for the market, with issuance reaching $6.25 billion by the close of the year.
Risk modeller, AIR Worldwide released a report this week, aptly entitled Taking a Comprehensive View of Catastrophe Risk Worldwide, which seeks to answer key questions associated with 2011.
Blue Capital Global Reinsurance Fund, backed by Bermuda-based, Montpelier Re and listed on the London and Bermuda stock exchanges, announced this week that it has deployed 58 percent of its fund capacity.
Under-fire insurer, AIG has entered into a $400 million collateralised peak zone reinsurance contract with Bermuda incorporated, Compass Re.
Allied World Bermuda launched Constellation this week, a suite of five excess casualty coverage enhancements combined into one package.
Now entering its eighth year, the Bermuda U40s tour is an industry event that enables up-and-coming Bermudians to experience other global re/insurance markets first-hand.
It seems that sidecars are back in vogue in the Bermuda market, with Alterra, Argo, Lancashire, RenaissanceRe and Validus all launching or ramping up sidecars in recent weeks.
Argo is the latest re/insurer to enter the sidecar space, announcing on Monday the establishment of the group’s first sidecar, Harambee Re 2013-1.