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Enstar Group, in conjunction with private equity firm Stone Point, has entered into a definitive agreement to acquire global specialty insurer Torus Insurance Holdings in a transaction with a total consideration of $692 million. 11 July 2013
News
Validus Re has said its estimated losses from the European floods in May and June of this year will total approximately $69.9 million. 11 July 2013
News
Tokio Millennium Re (TMR) signaled its support for President Obama’s Climate Action Plan, the goal of which is to mitigate the adverse effects of climate change. 10 July 2013
News
Enstar Group, in conjunction with private equity firm Stone Point, has entered into a definitive agreement to acquire global specialty insurer Torus Insurance Holdings in a transaction with a total consideration of $692 million. 9 July 2013
News
Lloyd’s CEO Richard Ward has announced his intention to relinquish his role at the end of December 2013. 9 July 2013
News
Modelling firm, AIR has released a model update re-examining Japanese earthquake risk following Tohoku, including insights into the risks posed by tsunamis and liquefaction. 5 July 2013
Re/insurance
Steven Horton has been promoted to vice president, financial lines manager at Iron-Starr Excess Agency based in Bermuda. 5 July 2013
News
Global reinsurers are having to offer improved pricing, terms and lines sizes in order to respond to increasing pressure from the capital markets, says Willis Re. 4 July 2013
News
The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO. 3 July 2013
ILS
Convergence capital is proving increasingly attractive to state risk pools as the interest shown by capital markets in the cat space shows no sign of waning. 2 July 2013
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