News

News

Fitch: Bermuda players must maintain discipline in a difficult environment

Already Bermuda players have moved towards broadening policy terms and conditions, a trend Fitch believes could signal deterioration in underwriting discipline.   30 January 2014

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Markel makes two specialty appointments

Markel has promoted Nick Hillman and Nick James to senior underwriters within the property treaty accounts section of its specialty division. Both will be based in London.   30 January 2014

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Nakada: ‘issuer pays’ model approach holding ILS back

The ILS industry is undergoing an important evolution, away from a purely ‘issuer pays’ model of risk analysis and towards greater emphasis on an ‘investor pays’ approach.   29 January 2014

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XL Group makes crisis management hire

Ian Davidson’s appointment is in response to expected growth in the Australian food, beverage and grocery industry.   29 January 2014

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ACE underwriting income up 110 percent in 2013

ACE Group has released strong annual results, reporting a P&C combined ratio of 88 percent and underwriting income of $1.8 billion, up over 110 percent from 2012.   29 January 2014

ILS

Record number of cat bond issued in 2013

A record 29 cat bond transactions were brought to market in 2013, as annual issuance reached $7.1 billion, according to Willis Capital Markets & Advisory.   29 January 2014

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Will Oasis challenge cat modelling’s big three?

Some of the industry’s most influential companies including Lloyd’s, Allianz, Aon Benfield and Guy Carpenter have joined forces on a project that could revolutionise the way risk models are used by the industry.   29 January 2014

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ABIR: IAIS standards must take account of existing investment

ABIR extends its support to the IAIS’s international solvency capital standards, but cautions that it must build on existing regulatory investment and reflect the capital needs of the P&C sector.   29 January 2014

News

ILS ‘inflicting pain’ on the traditional market

Share prices in the Bermuda re/insurance market have declined since the start of 2014 following an extended rally, reflecting a difficult renewals and troubled industry fundamentals, further exacerbated by ILS capital.   29 January 2014

ILS

Data must come first as cat bonds reach for new geographies

Catastrophe bonds could be useful tools in developing markets, EY partner Craig Redcliffe tells Bermuda:Re, but reliable data and accurate models must be developed first.   28 January 2014

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