News

News

Validus tax decision may stoke political fires

The decision by a US District Court judge to knock back the IRS’s cascading tax theory as it relates to retrocessional excise tax refunds may stoke the political flames under foreign reinsurers according to Goldberg Segalla partner Jeffrey Kingsley.   20 February 2014

News

Swan Re: our investors aren’t spooked by SAC Re

Swan Re, part of a new wave of hedge fund-backed reinsurers setting up shop in Bermuda, hasn’t encountered any headwinds on account of SAC Re’s recent troubles.   20 February 2014

News

Lancashire’s Kinesis facility executes first “Special Draw”

The draw allows Kinesis Re to underwrite fully collateralised reinsurance business outside of the traditional market renewal season.   19 February 2014

News

ACE makes Nordic appointments

ACE has promoted Per Bengtsson to property and technical lines manager for the Nordic region and Morten Stensholt has been appointed as property manager, Norway.   18 February 2014

News

Broker facilities impact profitability and underwriting judgement

The impact of broker sidecar facilities is already being felt in property insurance, and, while they represent a low cost and diversified strategy for re/insurance participants, there is a danger that certain such facilities may erode confidence in underwriting.   18 February 2014

News

Markel grows book, but Alterra proves drag on performance

Markel grew its gross written premiums by 56 percent to $3.9 billion in 2013, up from $2.5 million in 2012, as it strengthened its excess and surplus, specialty, London market and Alterra operations.   11 February 2014

News

Arch now eligible to issue US mortgage insurance

Following the completion of its acquisition of CMG Mortgage Insurance Company and PMI Mortgage Insurance Company, Arch has been classified as an eligible mortgage insurer by Fannie Mae and Freddie Mac.   10 February 2014

News

Aspen ramps up insurance segment

Aspen’s annual results reveal a ramping up of its insurance business, despite its reinsurance business being the more profitable segment.   10 February 2014

News

Catlin increases profitability and international footprint

Catlin strengthened its pre-tax profit by 27 percent and its net income by 29 percent during a strong year for the multi-class re/insurer, particularly in its international segment.   10 February 2014

News

Tower Group CEO resigns

Michael Lee, president and CEO of Bermuda-based Tower Group has resigned. William Fox is expected to become the company’s new president and CEO.   10 February 2014

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