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2015 saw a 3.5 percent decrease in traditional capital committed to reinsurance, falling $13 billion from the $370 billion at year-end 2014, according to the latest reinsurance market report from Willis Re.   23 August 2016
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Endurance Global Risk Solutions, a Bermuda-based specialty property/casualty provider, has introduced a workers’ compensation product for Global Risk Solutions clients, a line of business that addresses the middle market and large account risk management clients within specific global industry verticals.   23 August 2016
News
PartnerRe, the Bermuda-based reinsurer, has appointed Bilge Ogut and Nikhil Srinivasan as non-executive directors to its board.   22 August 2016
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Fitch Ratings has affirmed an insurer financial strength (IFS) rating of A+ to the operating subsidiaries of AXIS Capital, although states several key rating triggers that could lead to a downgrade.   22 August 2016
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AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) of Renaissance Reinsurance (RenRe) and Renaissance Reinsurance of Europe (Dublin, Ireland). The outlook for these ratings remains negative.   22 August 2016
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Scottish Re Group, which has its principal executive office in Bermuda, has reported an increase in its comprehensive income in the second quarter of 2016, while its net premiums earned continues to grow.   19 August 2016
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Aspen US Insurance, a Bermuda-based insurer, has opened a new office in Dallas, Texas, to offer products and services to regional customers and brokers.   19 August 2016
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The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that its members provided a collective boost of $834.3 million to Bermuda’s economy in 2015.   18 August 2016
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Marsh Captive Solutions has appointed Shelby Weldon as team leader of a group of captive management professionals in the Bermuda office.   17 August 2016
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S&P Global Ratings (S&P) has highlighted possible execution risks in Arch Capital Group’s (ACGL) $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC).   17 August 2016

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