Silverton Re, formed by Aspen Re’s capital markets division to provide additional collateralised capacity to support the reinsurer’s global reinsurance business, will be capitalised at $65 million. 2 December 2013
AXIS has received formal approval for the launch its own Lloyd’s syndicate in 2014, AXIS Syndicate 1686, which will deliver £119 million to the Lloyd’s market. 29 November 2013
Hardy Underwriting has announced that it has ceased underwriting business from Bermuda following a “strategic business review”. Hardy will remain domiciled on the Island. 29 November 2013
A new Bermuda class is likely to comprise life reinsurers and/or hedge-fund backed reinsurers, looking to take advantage of the Island’s beneficial regulatory and tax regime. 28 November 2013
AIR Worldwide and Willis Re's matching estimates for typhoon that ripped through the Philippines in early November are a fraction of the $6 to $14 billion in damage due to low insurance penetration. 20 November 2013
The industry will need to pay attention to price discipline in response to the influx of new convergence capital, and as it struggles with troubled investment returns. 14 November 2013
