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AM Best affirms Validus Re’s strength
Validus Re’s strong risk-adjusted capitalisation, solid historical operating performance and experienced management team has led AM Best to affirm a financial strength rating of A and issuer credit rating of “a”.   25 February 2014
News
Canopius toasts Bermuda
Canopius Group held a reception to celebrate its commitment to the Island.   25 February 2014
News
Guy Carpenter sharpens focus on cyber risk
Guy Carpenter launches a new specialty practice that focusing on the development and delivery of innovative cyber reinsurance solutions.   21 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
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
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
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
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
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
ILS
Louisiana Citizens: rate suppression hinders depopulation
Maintaining non-competitive market rates is essential to Louisiana Citizens’ depopulation drive, while rate suppression in other US states will only sustain public involvement in insurance provision.   10 February 2014

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