The Caribbean Catastrophe Risk Insurance Facility (CCRIF), which is backed by governments including Bermuda, has offered to pay approximately $20 million to the Government of Haiti, due to Hurricane Matthew. 10 October 2016
S&P Global Ratings has warned that if Hurricane Matthew causes substantial losses off the East coast of the US, up to 15 catastrophe bonds could be triggered as a direct result. 7 October 2016
AM Best has placed the financial strength rating (FSR) of A (Excellent) of Bermuda-based insurer, Endurance Specialty Insurance (Endurance) and its rated affiliates under review with positive implications following its recent agreement with Sompo Japan. 7 October 2016
Intrepidus Insurance Services (Intrepidus), an insurance broker based in Bermuda, has announced the appointment of Bermudian Edward Gouveia-DeSousa as its broker. 6 October 2016
Qatar Re, based in Bermuda, has been granted a licence by the Monetary Authority of Singapore (MAS) to operate a branch office in Singapore. 6 October 2016
John Charman, Endurance’s CEO, has announced that the company’s acquisition by Sompo Holdings represents a critical move for Endurance to achieve the scale it needs to remain relevant. 5 October 2016
Torlea Group has completed its acquisition of Kinetic Insurance Brokers, a Lloyd’s insurance broker, from Hamilton UK Holdings, a subsidiary of Hamilton Insurance Group. 5 October 2016
