Rating agency, Fitch upgraded Validus Re’s insurer financial strength rating from “A-” to “A”. Validus Holdings also received an upgrade from “BBB” to “BBB+” for their senior unsecured debt rating. 4 March 2013
Shareholders of Alterra Capital Holdings and Markel Corporation have overwhelmingly approved Markel’s move to acquire the Bermuda-based re/insurer. 28 February 2013
Ironshore announced this week that it will enter the Bermuda healthcare market with Iron-Starr, just days after news that it had acquired Excess Risk Reinsurance. 25 February 2013
The US-based division of Everest Re has announced the formation of Specialty Insurance Group (SIG), a managing general agency focused on the sports and leisure industries. 22 February 2013
JLT Re has announced that it has launched a programme in partnership with Florida insurer, Weston Insurance Company to depopulate Citizens Property Insurance Company, reducing the latter’s exposure by $30 million. 19 February 2013
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
