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ILS
As an insurance-linked securities (ILS) hub, Bermuda will benefit from another good year as (ILS) issuance is set to reach new heights in 2015. 15 January 2015
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Validus, the Bermuda-based re/insurer, has deepened its footprint in the US following the opening of a new office in Boston. 14 January 2015
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Bermuda-based Hiscox is set to acquire two businesses from insurance services and investment company Randall & Quilter (R&Q). 14 January 2015
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Bermuda-based PartnerRe has witnessed its head of catastrophe reinsurance depart for Lloyd’s. 13 January 2015
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Ironshore International has boosted its presence in Dubai with the acquisition of Lloyd’s coverholder Visionary Underwriting Agency. 13 January 2015
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Eden Re II, a Bermuda-registered special purpose insurer, has issued $290 million of notes to investors. 12 January 2015
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Proposed new entity XL Catlin, the result of a $4.1 billion takeover, has been well received by rating agencies despite potential risks. 12 January 2015
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Bermuda-based Catlin will be acquired by XL Group in a $4.1 billion deal, with XL’s CEO Mike McGavick taking the reins. 9 January 2015
ILS
Valiudus subsidiary AlphaCat Managers boosts its ILS offering and renews its sidecar with $564 million of new subscriptions and commitments for deployment during 2015. 9 January 2015
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Rating agency AM Best has maintained its negative outlook on the reinsurance sector as continuing market challenges hinder the potential for positive rating actions. 8 January 2015
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