News

News

ACE gets A++ (Superior) upgrade from AM Best

AM Best has upgraded the financial strength rating of a host of ACE subsidiaries from A+ (Superior) to A++ (Superior), including ACE Bermuda Insurance, ACE Tempest Re and parent, ACE Tempest Life Reinsurance.   14 April 2014

News

Bermuda markets establish Asian aviation consortium

Four Bermuda market participants have launched an aviation consortium based out of Lloyd’s Asia that will write aviation insurance and reinsurance for the Asia Pacific and Middle East.   11 April 2014

News

Bi-partisan support extended to TRIA renewal

Bi-partisan support from the US Senate regarding the renewal of TRIA is encouraging and will likely help to deliver stability to the market and transfer terrorism risk away from taxpayers.   11 April 2014

News

Watford Re: is Arch leading innovation in Bermuda?

New Bermuda-based reinsurer, Watford Re’s investment strategy will enable it to underwrite casualty business that would not normally make the cut at a traditional casualty reinsurer, as Arch lands another innovative first.   10 April 2014

News

Brazilian agriculture losses significant in 2014

Aon Benfield’s latest Impact Forecasting report has found that Brazilian agricultural losses accounted for around 20 percent of global quarter one losses from natural hazards in 2014.   10 April 2014

News

Global energy capacity at record high

The global oil and gas sector is facing a glut of capacity despite available premium for the sector being in decline, a recent report by Willis has found.   9 April 2014

News

ACE creates global property engineering unit

ACE has launched a global engineering risk management service that will deliver “comprehensive real-time risk control data” to international risk managers.   9 April 2014

News

Fitch: April heralds tough mid-year renewal

Rates declined more steeply in April than many anticipated, with the US mid-year renewals anticipated to heap further pressure on the property catastrophe reinsurance market.   9 April 2014

News

High-profile losses helping to drive cyber signings

Well-documented cyber breaches in the US and internationally are focusing minds and are helping underwriters increase and speed-up signings.   9 April 2014

News

Life reinsurer Aurigen looks to IPO

Bermuda-based Aurigen Capital is looking to complete an IPO in Canada, as the company looks to build on a number of recent acquisitions.   8 April 2014

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