27 special purpose insurers (SPIs) were established in 2012, as the Island played host to an increasing number of innovative vehicles looking to extend sidecar and dedicated cat fund capacity to the market. 24 January 2013
Risk modeller, AIR Worldwide released a report this week, aptly entitled Taking a Comprehensive View of Catastrophe Risk Worldwide, which seeks to answer key questions associated with 2011. 17 January 2013
Now entering its eighth year, the Bermuda U40s tour is an industry event that enables up-and-coming Bermudians to experience other global re/insurance markets first-hand. 17 January 2013
Under-fire insurer, AIG has entered into a $400 million collateralised peak zone reinsurance contract with Bermuda incorporated, Compass Re. 17 January 2013
Blue Capital Global Reinsurance Fund, backed by Bermuda-based, Montpelier Re and listed on the London and Bermuda stock exchanges, announced this week that it has deployed 58 percent of its fund capacity. 17 January 2013
According to Aon Benfield’s latest review of the global ILS market, a strong fourth quarter in 2012 resulted in a five-year high for the market, with issuance reaching $6.25 billion by the close of the year. 17 January 2013
Everest Re announced on Friday the formation of Bermuda-domiciled special purpose reinsurer, Mt. Logan Re, through which it will extend global collateralised property cat capacity to the market. 17 January 2013
Allied World Bermuda launched Constellation this week, a suite of five excess casualty coverage enhancements combined into one package. 17 January 2013
It seems that sidecars are back in vogue in the Bermuda market, with Alterra, Argo, Lancashire, RenaissanceRe and Validus all launching or ramping up sidecars in recent weeks. 13 January 2013
