News
News
Montpelier achieved a combined ratio of 39 percent during the fourth quarter of 2013 thanks to a benign catastrophe year and in spite of headwinds associated with rising competition. 7 February 2014
News
January’s extreme weather in the US will cost the industry over $1.5 billion in insured losses according to a monthly catastrophe report from Impact Forecasting. 7 February 2014
News
Bermuda welcomes a new class 3A reinsurer, Swan Re, with assets managed by Swan Wealth Advisors as the reinsurer pursues an asset management-led business strategy. 5 February 2014
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
PartnerRe’s ramped up its non-cat business in the fourth quarter of 2013, increasing net premiums written by 29 percent to $1.2 billion, as the company drives growth through new business segments. 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
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
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