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The fourth quarter of 2018 proved challenging for Blue Capital Reinsurance Holdings, the collateralised reinsurer owned by Sompo International Holdings, as it tackled with a significantly higher loss and loss adjustment expense ratio in connection with substantial cat losses from 2018 and 2017. 31 January 2019
News
High levels of claims from two years of California wildfires contributed to a challenging 2018 for Bermuda reinsurer RenaissanceRe, although CEO Kevin O’Donnell remains positive for a successful 2019. 30 January 2019
ILS
Treefrog Consulting, a Bermuda-based re/insurance and ILS technology firm, has created an underwriting, pricing and portfolio management web application to help reinsurance and ILS businesses speed up pricing. 30 January 2019
ILS
The Bermuda Monetary Authority (BMA) registered 75 re/insurance companies in 2018, up from 58 in 2017, a 29.3 percent increase year-on-year. 29 January 2019
News
Langhorne Re, a reinsurer targeting large life and annuity blocks, has appointed Marvin Pestcoe as executive chair and CEO of Langhorne Re Bermuda. 25 January 2019
News
Specialty re/insurer Argo Group has established a graduate training programme in Bermuda for those looking to gain experience and exposure to the re/insurance industry. 25 January 2019
News
Qatar Re's Gunther Saacke will step down from his role as CEO and executive director of the Bermuda reinsurer at the company's next board meeting, scheduled for March. 25 January 2019
ILS
Sizeable increases in retrocession rates driven by a decreased demand in the insurance-linked securities (ILS) market could indicate that reinsurance pricing in Bermuda may regain momentum in mid-219 when accounts that had a greater catastrophe loss impact are up for renewal. 25 January 2019
News
Everest Insurance, part of Bermuda-based Everest Re Group, has expanded its life sciences product to include property, commercial auto, and workers compensation. 24 January 2019
News
Bermuda licensed 11 new life re/insurers by November 2018, with more expected in statistics for December and Q1 2019, according to statistics from the Bermuda Business Development Agency (BDA). 22 January 2019
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