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A new reinsurance sidecar has been launched on Bermuda by Chaucer. This is the first such venture launched by the speciality insurer.   21 December 2017
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Bermuda-based legacy acquisition specialist Enstar Group has completed another legacy transaction taking it to 21 such deals in Lloyd’s since its inception.   21 December 2017
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Hamilton Underwriting has successfully reached a deal that rids it of a legacy book it inherited when the Bermuda-based company purchased Sportscover Underwriting in April 2015.   21 December 2017
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Aspen has made a strategic investment in a new crop reinsurer in partnership with CGB Diversified Services but has sold AgriLogic, its own US crop insurance business, a part of the deal.   20 December 2017
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Bermuda-based Nephila Capital has made a significant equity investment in a new multi-class and multi-territory international managing general agent (MGA) platform set to start trading in the first quarter of 2018.   20 December 2017
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Insured global losses resulting from natural and man-made disasters in 2017 are around $136 billion, well-above the annual average of the previous 10 years, and the third highest since sigma records began in 1970, according to the latest sigma report by Swiss Re.   20 December 2017
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The debate over what US tax reforms, which could be signed into law by US President Donald Trump before Christmas, will mean for Bermuda insurers and reinsurers has started as lobby groups continue to press the point that the proposals will concentrate risk in the US and increase premiums for consumers.   19 December 2017
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While some Bermuda reinsurers may be anticipating a prolonged hard market following the heavy losses of 2017, this wish may be stymied by further alternative capacity entering the market – a worry that has prompted AM Best to maintain its 2018 outlook for the global reinsurance sector at negative.   19 December 2017
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Bermuda has become the first UK Overseas Territory to sign Country-by-Country Competent Authority Agreements with the UK and US. Both recent agreements comply with OECD Base Erosion and Profit Shifting (BEPS) tax-transparency standards.   18 December 2017
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Bermuda-based Kuvare Life Re, a subsidiary of US Kuvare Holdings, will assume approximately $850 million of fixed annuity reserves in a reinsurance transaction with an international unnamed insurance company.   18 December 2017

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