Four new syndicates were approved to write business at Lloyd’s in 2013, with two existing syndicates looking to increase capacity and a further three new entrants agreed in principle for 2014. 17 October 2013
With cat bond issuance set to surpass 2012’s record of $6.4 billion and Fitch estimating that it could reach $7.2 billion by year’s end, 2013 is set to be a bumper year for ILS with the fourth quarter still to come. 17 October 2013
A three-year $63 tax on health insurance plan enrolees will not stimulate reinsurance buying, but it will create a war chest for insurers and a “ready source of funds to smooth out the impact of high cost claims” associated with Obamacare. 16 October 2013
Hiscox expands its Bermuda casualty team with the addition of Nicholas Pascall as senior vice president and Sharmini Samuels as assistant vice president. 16 October 2013
The industry is on the cusp of profound change, with the rise of the reinsurance manager part of this substantial evolution. Rick Miller and Michael Popkin explore the new landscape. 16 October 2013
Canopius has appointed Grant Elliott as head of business development and Sally Coryn as head of corporate development as it strengthens its London operations. 15 October 2013
Jed Rhoads opens up about Markel’s high profile acquisition of Alterra in the first half of 2013. Now, balanced
between Virginia and Bermuda, he finally feels at home. 15 October 2013
Bermuda’s Convergence 2013 event, which will take place on 13 and 14 November, reflects growing interest in the potential of convergence capital to change the reinsurance landscape. 15 October 2013
Tokio Millennium Re has completed its redomestication to Switzerland following approval from the Swiss regulator, in a move that forms part of the reinsurer’s long-term strategic ambitions. 15 October 2013
