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Last year, a record number of natural catastrophes occurred despite global insured losses being well below the ten year average. 25 March 2015
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The Florida Hurricane Catastrophe Fund (FHCF) has been approved to transfer up to $2.2 billion in risk to the private reinsurance market, with Bermuda potentially reaping the rewards. 25 March 2015
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Bermuda is expected to maintain a strong presence at next month’s Risk and Insurance Management Society (RIMS) annual conference. 24 March 2015
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AQR Capital Management has revealed that it will close its Bermuda-based reinsurance operations, AQR Re. 24 March 2015
News
Broker Willis has appointed Marc Paasch as the global head of alternative risk transfer (ART) solutions. 23 March 2015
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ABR Re, the joint venture between ACE and fund manager Blackrock, will seek to raise up to $1.3 billion of capital. 20 March 2015
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Goldman Sachs Bermuda-based vehicle Arrow Re has been placed on review for an upgrade by rating agency Moody’s. 20 March 2015
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It is next to impossible to reduce economic losses from disasters, which are currently at $240 billion per year. 19 March 2015
ILS
The Association of Bermuda Insurers and Reinsurers (ABIR), has welcomed the UK government’s plans to develop an insurance-linked securities (ILS) regime in the UK. 19 March 2015
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Technology and services provider Xchanging has signed up its first client to its global reinsurance placing platform. 19 March 2015
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