The Association of Bermuda Insurers and Reinsurers (ABIR) has added to the chorus of objections to the recent report released by Oxfam about the world’s worst tax havens, with Bermuda at the top of the list for criticism. 14 December 2016
Insurance Europe, the European insurance and reinsurance federation, has called for an end to what it describes as ‘highly discriminatory’ collateral requirements for European cross border reinsurers writing risks in the US. 13 December 2016
AM Best is maintaining its negative outlook for the global reinsurance market, claiming that continued market challenges will hinder the potential for positive rating actions and may translate into negative rating pressures in 2017. 13 December 2016
Validus Holdings has announced that chairman and CEO Edward Noonan has reluctantly sold 273,000 shares of the company's common stock in open market transactions. 13 December 2016
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings, has announced that its Aspen Capital Markets division has renewed Silverton Re for 2017. 13 December 2016
Neon, a specialist Lloyd’s insurer, has hired Tom Hulst and Gavin Hunter as non-executive directors of Neon’s Bermuda operations, effective immediately. 12 December 2016
Tokio Solution, the Bermuda-based third party capital (TPC) arm of Tokio Millennium Re (TMR), has announced changes to its senior management as part of a wider restructuring and review of its TPC strategy. 12 December 2016
The Government of Bermuda has hit back after the Island was highlighted for criticism by a recent report by global charity Oxfam on taxes and transparency. 12 December 2016
