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A new report from Fitch Ratings has claimed that the Bermuda re/insurance market remains viable in the face of declining profitability despite challenging market conditions and increased potential political threats from the US.   24 January 2017
News
Proposed tax legislation designed to defer the recognition of affiliated offshore reinsurance for US tax purposes will negatively impact businesses and consumers in the US, a new report sponsored by the Association of Bermuda Insurers and Reinsurers (ABIR) and written by economists at global consulting firm The Brattle Group has found.   24 January 2017
ILS
The insurance-linked securities (ILS) sector might see a bumper year ahead as a record number of catastrophe bonds mature – and most will likely be renewed – boosting what is also expected to be a bullish year for new issuance, according to a report by Aon Securities, the investment banking division of Aon Benfield.   24 January 2017
News
StarStone, the specialty insurer and subsidiary of Bermuda-based Enstar Group, has entered into a joint venture partnership with Malakite Underwriting Partners, a managing general agent (MGA), in Dubai as it targets growth in the MENA region.   23 January 2017
News
Bermuda will host the Bermuda Healthcare Forum in March, aimed at buyers for major hospital systems, long-term care facilities, physicians groups and health benefits and services providers from North American healthcare markets.   23 January 2017
News
Lloyd’s re/insurance broker RFIB Group has launched managing general agency (MGA) Limehouse Agencies under the non-executive chairmanship of Jack Gressier, the former COO of Bermuda-based Axis Capital.   20 January 2017
News
Randall & Quilter (R&Q) has announced the issue of $20 million of floating rate subordinated notes due December 2023 from R&Q Re (Bermuda), the group’s Class 3A insurer.   20 January 2017
News
A new survey from PwC claims that although CEOs around the world feel they have plenty to worry about in the year ahead, their confidence is rising. However, Arthur Wightman, PwC Bermuda leader stressed that more competition means that Bermuda must fight to keep its place.   19 January 2017
News
Bermuda-based XL Catlin has appointed Henna Karna to the post of chief data officer.   19 January 2017
News
The Bermuda Monetary Authority (BMA) and The European Insurance and Occupational Pensions Authority (EIOPA) have signed a memorandum of understanding (MoU).   18 January 2017

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