News

News

Ironshore acquires employer stop loss specialist

Ironshore has announced its acquisition of Excess Risk Reinsurance (ERR), a managing general underwriter specialising in employer stop loss insurance, which will now operate as a wholly owned subsidiary of Ironshore.   18 February 2013

News

The lie of the land: A roundtable review of 2012

Bermuda Re brought together leading figures from the Bermuda market for a roundtable to discuss key issues in 2012 and beyond, with insights from the event providing an invaluable barometer of the market.   18 February 2013

News

Aon Benfield: 2011-2012 losses above the norm

The latest report from Aon Benfield’s Impact Forecasting unit found that global insured losses for 2011 and 2012 were well above the norm at $132.62 billion and $72.24 billion respectively.   14 February 2013

News

Allied World ramps up in Europe as it hails Bermuda

Allied World is expanding its European operations with the appointment of Julian James as president of its European operations, but Bermuda continues to receive praise.   14 February 2013

News

Validus moves to acquire US crop reinsurer

Validus chairman and CEO, Ed Noonan has announced that the company has signed a letter of intent to acquire Bermuda reinsurer, Longhorn Re, a writer of US-based single-crop reinsurance.   5 February 2013

News

Munich Re urges loss prevention efforts

Munich Re’s recently released report on 2012 cat losses argues that states need to strengthen loss prevention efforts to mitigate the threat of rising insured losses.   5 February 2013

Re/insurance

Tower Group’s Canopius transaction signals inversion

US property and casualty insurer, Tower Group has moved to acquire Canopius Bermuda Limited.   24 January 2013

Re/insurance

Assured Guaranty disputes rating downgrade

Assured Guaranty announced that it intends to dispute its ratings downgrade from Moody’s, which reduced its insurance financial strength rating to Baa1 (stable outlook) for Assured Guaranty Re.   24 January 2013

News

AIR: 2011 cat losses not outside the norm

Risk modeller, AIR Worldwide released a report this week, aptly entitled Taking a Comprehensive View of Catastrophe Risk Worldwide, which seeks to answer key questions associated with 2011.   17 January 2013

Re/insurance

Bermuda U40s: on tour

Now entering its eighth year, the Bermuda U40s tour is an industry event that enables up-and-coming Bermudians to experience other global re/insurance markets first-hand.   17 January 2013

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