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Plenum, a Zurich-based insurance-linked securities (ILS) asset manager, has launched a new high yielding ILS Fund that will invest in collateralised reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant Re. 11 April 2016
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Bermuda’s insurance industry reputation and its recent seal of regulatory approval under Europe’s Solvency II regime are two of the key topics for discussion at this week’s Risk and Insurance Management Society (RIMS) annual conference and exhibition in San Diego, according to the Bermuda Business Development Agency (BDA). 11 April 2016
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Ironshore, the Bermuda-based insurer, has reached an agreement to acquire the remaining 80 percent equity interest in privately-held insurance holding company Lexon Surety Group, and its surety-related affiliates. 11 April 2016
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Bermuda-based reinsurance group Argo has appointed Craig Landi as president of Argo Pro US, reporting to Steve McGill, group head of professional lines. 11 April 2016
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The Bermuda Business Development Agency’s (BDA) Board of Directors has announced the appointment of a new Chair, effective April 1. 8 April 2016
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According to the latest Catastrophe Bond Report by Verisk Insurance Solutions, insurers and reinsurers issued approximately $2 billion in catastrophe bonds in the first quarter of 2016, up 35 percent from last year’s record result. 8 April 2016
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Bradley Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), recommended that the National Association of Insurance Commissioners’ (NAIC) to focus on six specific US National Flood Insurance reforms. 7 April 2016
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Bermuda-based insurer Ironshore has announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Iron-Starr Excess Agency. 7 April 2016
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PartnerRe has named Mario Bonaccorso, formerly managing director (MD) at EXOR, as chief financial officer (CFO). 6 April 2016
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Bermuda's Business Development Agency (BDA) has defended the reputation of the island as an offshore financial centre in the wake of the recent 'Panama Papers' leak that claim international tax evasion on the part of governments and individuals. 6 April 2016
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