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Argo introduces re/insurance graduate training programme in Bermuda

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 CEO Saacke to leave company

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

Bermuda rates could increase mid-2019 from ILS capacity pullback: Fitch

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 expands life sciences coverages

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 $300bn life & annuity sector gained 11 re/insurers in 2018

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

News

Chubb expects $585m impact from cat losses in Q4

Re/insurer Chubb, which retains substantial operations on Bermuda, has estimated that catastrophe losses will cost the company $585 million pre-tax in the fourth quarter of 2018. 21 January 2019

News

Argo estimates $44m loss impact in Q4

Bermuda-based specialty re/insurer Argo Group has made a preliminary pre-tax catastrophe loss estimate for the three-month period ended December 31, 2018 of $32 million, primarily relating to Hurricane Michael and the California wildfires. 18 January 2019

ILS

Blue Capital revises Q4 cat loss estimates to $30m

Blue Capital Reinsurance Holdings, a Bermuda-based collateralised reinsurance provider and subsidiary of Sompo International, has updated its fourth quarter catastrophe loss impact to $30 million, net of reinsurance and reinstatement premiums. 17 January 2019

News

Hiscox Re and MS&AD invest in re/insurance trading insurtech

Hiscox Re, along with Japanese re/insurance group MS&AD, have invested in AkinovA, an electronic marketplace for the transfer and trading of re/insurance risk. 16 January 2019

ILS

Investors seek damages from Markel over CATCo loss reserves in lawsuit

Investors that purchased Markel Corporation securities between July 26, 2017 and December 6, 2018, have filed a class action lawsuit against the re/insurance holding company, alleging they were misled regarding the company's financial condition. 15 January 2019

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