Marsh’s 2013 Terrorism Risk Insurance Report has found that take-up of terrorism coverage remains buoyant in the US despite limited attacks since September 11th, with around 60 percent of firms continuing to purchase such coverage. 2 May 2013
Markel has received final regulatory and shareholder approval for its acquisition of Alterra, with the company promising a seamless transition for clients and brokers. 1 May 2013
Michael Smith will be re-joining Endurance Specialty Holdings as CEO of ARMtech Insurance Services, a wholly-owned Endurance subsidiary writing crop insurance, effective immediately. 30 April 2013
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
