News

News

Montpelier Re focuses on preferred signings

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

US faces costliest winter weather season since 2011

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

Swan Re to pursue asset management-led strategy

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

Allianz and Generali: consolidated reinsurance buying hits purchase appetite

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: non-cat business driving growth

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 expands casualty practice

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

Fitch: Bermuda players must maintain discipline in a difficult environment

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

ILS ‘inflicting pain’ on the traditional market

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

Speed to market and burgeoning ILS attracts Phoenix CRe

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

Citizens’ downsizing continues

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

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