Rating agency AM Best has maintained its negative outlook on the reinsurance sector as continuing market challenges hinder the potential for positive rating actions. 8 January 2015
The number of insurance-linked securities (ILS) on the Bermuda Stock Exchange (BSX) has seen record growth of 53 percent with the value of securities growing by 64 percent. 7 January 2015
Bermuda-based Third Point Re has invested $5 million in Hiscox’s separately managed insurance-linked securities (ILS) platform, as it prepares to close down its ILS fund. 6 January 2015
Bermuda-based Kaith Re, a segregated accounts company belonging to Hannover Re, has facilitated the first ever Swiss Franc catastrophe bond. 6 January 2015
Financial guaranty insurance Assured Guaranty is set to acquire Radian Asset Assurance, which conducts the financial guaranty business of Radian Group. 5 January 2015
Re/insurer Catlin has sold its investment in insurer Box Innovation Group to Aioi Nissay Dowa Insurance Company of Europe for £85 million. 5 January 2015
Reinsurance and retrocessional reinsurance fund CATCo Reinsurance Opportunities Fund will return $35 million to investors, following a successful year. 5 January 2015
