News
News
Insurance giants Allianz and Generali have finished their long-term drive to consolidate reinsurance buying at the group level, a move that is pushing down their reinsurance spend. 4 February 2014
News
Allied World Bermuda has expanded its already enlarged casualty team with the appointment Jason Pugi as vice president, general casualty, who joins from AIG. 3 February 2014
News
Already Bermuda players have moved towards broadening policy terms and conditions, a trend Fitch believes could signal deterioration in underwriting discipline. 30 January 2014
News
Share prices in the Bermuda re/insurance market have declined since the start of 2014 following an extended rally, reflecting a difficult renewals and troubled industry fundamentals, further exacerbated by ILS capital. 29 January 2014
ILS
The strengths of the Bermuda market attracted Phoenix CRetro to the Island, with speed to market and its fast-growing ILS market proving decisive factors. 27 January 2014
News
Florida has set up a property insurance clearinghouse designed to offer consumers an alternative to state-backed Citizens, raising the prospect of greater private insurance and reinsurance buying in the Florida market. 24 January 2014
News
In their drive to develop business in diverse geographies, re/insurers may be unwittingly exposing themselves to legal challenges relating to contract wordings and clauses developed for one system of law and/or jurisdiction that may not be understood or even recognised in other jurisdictions. 24 January 2014
News
As part of the Bermuda Monetary Authority’s (BMA) 2014 business plan the Authority will participate in the full National Association of Insurance Commissioners (NAIC) qualified jurisdiction assessment. 23 January 2014
ILS
Kinesis Re has underwritten its first tranche of multi-class reinsurance agreements from January 1, extending collateralised combined aggregate limits in excess of $250 million to market. 22 January 2014
News
Amlin receives approval to open an office in Hamburg, Germany, with the new office due to be led by managing director, Martin Bircks. 20 January 2014
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