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Global insurance rate increases have slowed despite the impact of Superstorm Sandy, according to Marsh’s latest quarterly briefing, but there may yet be impetus to reduce primary retentions. 20 December 2012
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Business Bermuda released a report detailing the Island’s role in the global economy, just in time for the start of the New Year. 20 December 2012
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Bermuda-based re/insurer, Alterra has announced that is to be acquired by US-based specialty insurer, Markel in a deal that will create a company that is expected to write $4.4 billion of premium annually. 20 December 2012
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XL and SCOR have agreed to back a new Lloyd’s syndicate formed by Randall & Quilter Investment Holdings. Syndicate 1991 was launched in August and will begin underwriting in the New Year. 13 December 2012
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Bermuda’s decision to adopt Solvency II equivalence has proved the right one for the island, even as the Bermuda Monetary Authority (BMA) slows the pace of implementation. 13 December 2012
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ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry. 13 December 2012
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White Mountains Solutions Holding Company, a wholly-owned subsidiary of Bermuda-domiciled White Mountains Insurance Group, has entered into a definitive acquisition agreement with a small runoff subsidiary of AIG. 13 December 2012
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Pillar Capital Management, a Bermuda-based insurance asset manager focused on collateralised reinsurance and catastrophe-linked securities, has formed a strategic partnership with Transatlantic Re. 13 December 2012
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The lack of investment returns being achieved by traditional reinsurers combined with the growing demands of regulatory capital are helping drive the rise of alternative capital in the industry. 13 December 2012
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At a phone conference hosted by the Reinsurance Association of America (RAA) on Monday, Brad Kading of the Association for Bermuda Insurers and Reinsurers made a strong case for the re/insurance sector. 13 December 2012
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