Investment returns are the biggest concern facing reinsurers with prospects for medium-term improvements appearing bleak, according to AM Best. 25 April 2013
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday. 23 April 2013
Bermuda continues to strengthen its position within the alternative capital space, with new formations in 2013 dominated by special purpose insurers. 23 April 2013
Daniel Wadley has been appointed EVP and head of a new pro insurance unit at Endurance, as the re/insurer responds to growing demand for E&O coverage among professional firms. 22 April 2013
Standard & Poor’s has indicated that despite Bermuda’s revision to a negative outlook , the Island’s re/insurance industry’s counterparty credit and financial strength ratings remain unchanged. 22 April 2013
As of May 1st PartnerRe will split its global property and casualty business unit into two dedicated teams, focused on meeting the needs of PartnerRe's clients in mature and high-growth markets individually. 19 April 2013
Terror incidents in the US have been thankfully few since the tragic events of September 11th. But the attack in Boston looks set to reignite the debate over the reinstatement of TRIPRA. 18 April 2013
The US budget has revived efforts to impose a discriminatory tax on international re/insurers, but its passage remains tied to the ‘grand bargain’ yet to be struck over the economic recovery. 16 April 2013
ACE has established a new $95 million sidecar, Altair Re, which will provide collateralised capacity for its global reinsurance business. 16 April 2013
Addressing the rising role that collateralised capacity is playing in the market, Simon Burton, CEO of S.A.C. Re, warned that there is an increasing disconnect between rates for traditional and collateralised capacity. 15 April 2013
