News

Re/insurance

The cutting of coats to suit the cloth

EY’s latest survey highlights continued success in operational cost reduction across the speciality insurance and reinsurance market. Pete Cangany, Chris Maiato and Craig Russell explained the remaining opportunities for cost reduction and containment to Bermuda:Re+ILS.   20 October 2014

Re/insurance

In pursuit of perils

Risk models are more important than ever to the way re/insurers operate. It is therefore no surprise that a growing demand has developed for models covering new perils, new regions and customised offerings, as Steve Bowen explains to Bermuda:Re+ILS.   20 October 2014

News

Category 4 Gonzalo takes aim at Bermuda: AIR

According to catastrophe modelling firm AIR Worldwide, as of 11AM Atlantic Standard Time on Thursday, October 16, 2014 Hurricane Gonzalo’s eye was located about 485 miles (780 km) SSW of Bermuda.   17 October 2014

News

Ironshore enhances kidnap and ransom coverage

Bermuda-based Ironshore International has enhanced its insurance coverage for kidnap & ransom risks to protect corporate entities, as well as private family exposure to unexpected events.   17 October 2014

News

Till Capital completes Omega acquisition

Bermuda-based reinsurance provider Till Capital has acquired Omega Insurance, a Canada based insurance provider.   17 October 2014

News

Kading: Regulatory standards and protectionist measures are business risks

President of the Association of Bermuda Insurers and Reinsurers (ABIR), Brad Kading, has cited international insurance regulatory standards and various protectionist measures as posing a risk to global business.   17 October 2014

News

Platinum’s profits plummet in Q3

Platinum Underwriters faced a tough environment in the third quarter of 2014, as net income and premiums fell.   16 October 2014

News

XL insurance CFO promoted to underwriting EVP

The chief financial officer (CFO) of XL Group’s insurance operations has been appointed to the newly created position of executive vice president, underwriting and ceded reinsurance.   16 October 2014

News

Hiscox Re appoints Caribbean chair

Bermuda-based reinsurer Hiscox Re has appointed Bevis Tetlow as chair of North America and Caribbean.   16 October 2014

News

Stauffer to retire from OIL

The president and chief executive officer (CEO) of Bermuda-based Oil Insurance Limited (OIL) is set to retire at the start of 2016.   16 October 2014

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