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BMA welcomes three more SPIs


The BMA welcomed a further three special purpose insurers (SPIs) in October, bringing the total number of SPIs formed this year to 32.

Convergence making underwriters increasingly invaluable

Bermuda, Europe, North America25-11-2013

The quality of underwriting talent is set to become increasingly important in the face of rising levels of convergence capital, as teams are deployed across traditional and alternative reinsurance structures.

2013: Bermuda outpaces Cayman in ILS


Bermuda has outpaced Cayman in the ILS space for the first time in 2013, by both the value of ILS issuance and the number of bonds issued, according to a new report released by the BMA.

Bringing aggregation analysis into the front office

Asia-Pacific, Bermuda, Europe, North America22-11-2013

Re/insurance software specialists Sequel’s new insurance aggregation software, Sequel Impact promises to bring aggregation monitoring and analysis into the front office.

Hurlburt joins Aspen Re as head of North American Surety

North America22-11-2013

Scott Hurlburt worked previously as vice president, specialty lines at Partner Re.

Aon CEO elected to council of Lloyd's


Dominic Christian, CEO of Aon UK and executive chairman of International at Aon Benfield, will begin his three-year term on February 1, 2014.

Wilken promoted to president of Argo Re


In his new role Andrew Wilkin will oversee the company's property catastrophe reinsurance operations based in Bermuda.

Haiyan insured losses estimated between $500 and $700 million


AIR Worldwide and Willis Re's matching estimates for typhoon that ripped through the Philippines in early November are a fraction of the $6 to $14 billion in damage due to low insurance penetration.

McKeown appointed CEO of New Ocean Capital Management


McKeown, who has held senior executive positions with Guy Carpenter and ACE Tempest Reinsurance Company, has been appointed CEO of the investment management company recently formed by XL Group and fund managed by Stone Point Capital.

Greater focus on underwriting discipline and new perils

Bermuda, North America14-11-2013

The industry will need to pay attention to price discipline in response to the influx of new convergence capital, and as it struggles with troubled investment returns.

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