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News
Endurance has made public efforts to enter into talks with Aspen to acquire the company, a move that would establish the combined entity as a global leader in specialty insurance and reinsurance. 14 April 2014
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Bermuda-based PartnerRe has established a strategic partnership with Chedid Re, one of the largest reinsurance brokers in the MENA region, to provide PI and D&O capacity in the region. 14 April 2014
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Bi-partisan support from the US Senate regarding the renewal of TRIA is encouraging and will likely help to deliver stability to the market and transfer terrorism risk away from taxpayers. 11 April 2014
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Four Bermuda market participants have launched an aviation consortium based out of Lloyd’s Asia that will write aviation insurance and reinsurance for the Asia Pacific and Middle East. 11 April 2014
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Aon’s latest political risk report has found that the BRICS have grown increasingly risky for international business, with mounting concern over political violence, government interference and sovereign non-payment risk. 10 April 2014
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Aon Benfield’s latest Impact Forecasting report has found that Brazilian agricultural losses accounted for around 20 percent of global quarter one losses from natural hazards in 2014. 10 April 2014
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New Bermuda-based reinsurer, Watford Re’s investment strategy will enable it to underwrite casualty business that would not normally make the cut at a traditional casualty reinsurer, as Arch lands another innovative first. 10 April 2014
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Guy Carpenter has appointed Okan Utkueri as managing director and head of the firm’s operations in Turkey. 10 April 2014
News
Rates declined more steeply in April than many anticipated, with the US mid-year renewals anticipated to heap further pressure on the property catastrophe reinsurance market. 9 April 2014
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AIR Worldwide’s Touchstone software platform has welcomed a host of third party modelling firms to provide property catastrophe data to the open source system. 9 April 2014
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