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Fitch Ratings has upgraded Lloyd's of London's Insurer Financial Strength (IFS) rating to 'AA-' from 'A+'. 11 June 2014
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Endurance’s use of a scheme of arrangement to force Aspen’s hand in its latest bid for the company, would have significant implications for Bermuda should the move succeed. 11 June 2014
ILS
Jardine Lloyd Thompson Capital Markets, part of JLT Towers Re, has closed a $44 million private placement catastrophe bond. 10 June 2014
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The amount of reinsurance ceded offshore by US insurers increased again in 2013 with Bermuda the most common domicile for offshore reinsurers used. 10 June 2014
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Re/insurance broker Willis Group has launched the UK’s first Shariah compliant commercial real estate insurance. 10 June 2014
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The industry is increasingly becoming split into different tiers of reinsurers – but there is little hope for those that find themselves in the lowest tiers. 10 June 2014
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Willis has reinforced its position as a leading risk adviser and insurance broker for the TMT sector with the appointment of new regional leaders for North America and Europe. 9 June 2014
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Endurance has announced the commencement of an exchange offer for all of the outstanding common shares of Aspen. 9 June 2014
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Marsh has announced the appointment of Kristie Bouryal as its chief marketing and communications officer, effective immediately. 9 June 2014
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A number of leading organisations are supporting a UK government scheme aimed at encouraging businesses to protect themselves against cyber threats. 9 June 2014
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