News

News

Bermuda secures A+ ratings and positive outlook from S&P

Ratings agency Standard & Poor’s (S&P) has affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as its A-1 short-term rating and its AA+ transfer and convertibility assessment on Bermuda.   13 May 2019

News

The rise of activist investors

Bermuda re/insurers Argo and RenaissanceRe have both received unwanted attention from so-called activist investors. As the trend gains traction globally, other players may need to brace themselves for similar challenges. Bermuda:Re+ILS investigates.   13 May 2019

News

Third Point Re CEO to step down, US leadership shuffled

Third Point Re CEO Robert Bredahl has resigned from his position with immediate effect, with Daniel Malloy, current CEO of the company’s main operating subsidiary, succeeding him on an interim basis.   10 May 2019

News

Third Point Re has “record quarter”, aims to improve underwriting profitability

Bermuda reinsurer Third Point Re started 2019 with a record first quarter income of $132.9 million, driven by strong investment returns, although the company is still paying out more money in claims than it is receiving in premiums.   10 May 2019

ILS

Bermuda ILS sector will move sustainable finance agenda forward: BSX

The Bermuda Stock Exchange (BSX) has introduced an environmental, social and governance (ESG) initiative to promote sustainable and responsible growth for its member companies and listings, with insurance-linked securities (ILS) recognised as a sustainable development investment.   9 May 2019

News

Aon Reinsurance Solutions appoints US vice chairman

Aon has appointed Jay Demeusy as US vice chairman of its Reinsurance Solutions business.   9 May 2019

ILS

Jamaica Government partners with World Bank to develop cat bond

The Government of Jamaica is on course to developing its first ever catastrophe bond through a partnership with the World Bank.   9 May 2019

News

Blockchain: Betting on Bermuda

Dave Edwards of ChainThat tells Bermuda:Re+ILS about the company’s new blockchain-powered risk and capital exchange on Bermuda.   9 May 2019

News

RenaissanceRe posts strong profits and 72% combined ratio in Q1

Bermuda-based reinsurer RenaissanceRe had a strong start to 2019 this quarter, having over tripled its profits and posting a combined ratio of 72 percent.   8 May 2019

News

Everest Re Group improves profitability, grows reinsurance business in Q1 2019

Bermuda re/insurer Everest Re Group had a profitable first quarter this year, and expanded both its insurance and reinsurance businesses.   8 May 2019

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