Switzerland will provide a global platform for Tokio Millennium Re as it looks to pursue international strategic ambitions, crack the European market and reduce group volatility. 16 May 2013
Neil Currie is stepping down as CEO of RenaissanceRe and will be replaced by Kevin O’Donnell from July. Currie will remain at the company in an advisory role until February of next year. 16 May 2013
Fitch Ratings has upgraded ACE and its subsidiaries by one notch, from ‘A’ to ‘A+’, citing continued strong operating performance, a strong balance sheet and financial flexibility with moderate leverage. 16 May 2013
Tokio Millennium Re has announced its intention to redomicile its headquarters to Switzerland. Its Bermuda offices will become a major branch of the wider company, with the move expected by October. 14 May 2013
Q-Re announced its new management team, led by CEO Gunther Saacke and put together in order to “build Q-Re into a global multi-line reinsurer with a focus on specialty lines”. 13 May 2013
XL Group will offer Shariah compliant insurance coverage to large and middle market clients through a relationship with underwriting agency Cobalt. 9 May 2013
According to Fitch Ratings, the failure of the US Congress to renew the Terrorism Risk Insurance Act (TRIA) could “induce commercial insurers to retreat from larger metropolitan areas, raising premium rates. 9 May 2013
Montpelier Re’s reinsurance fund Blue Capital has topped $150 million of funds under management, buoyed by rising investor interest in the alternative space and its ability to leverage market insights and existing relationships enjoyed by Montpelier Re. 8 May 2013
Despite some critics suggesting the Bermuda market has seen its day, the Island continues to hold a leading position internationally, with rising levels of alternative capital only likely to strengthen its position. 2 May 2013
