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ILS
American Coastal Insurance is the latest first-time sponsor to issue a cat bond into the market through its Bermuda SPI, Armor Re.   3 May 2013
BSX upgrades trading tech
News
The Bermuda Stock Exchange (BSX) announced this week that it is now powered by NASDAQ OMX Group’s X-stream trading platform.   3 May 2013
‘The reports of my death have been greatly exaggerated’
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Despite some critics suggesting the Bermuda market has seen its day, the Island continues to hold a leading position internationally, with rising levels of alternative capital only likely to strengthen its position.   2 May 2013
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Bermuda-based insurance asset manager, Pillar Capital has announced the appointment of Bermudian Jeff Franklin as senior vice president and portfolio manager.   2 May 2013
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Marsh’s 2013 Terrorism Risk Insurance Report has found that take-up of terrorism coverage remains buoyant in the US despite limited attacks since September 11th, with around 60 percent of firms continuing to purchase such coverage.   2 May 2013
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Kane has announced the formation of Kane LPI Solutions as fund administrator for the company’s life, pension and investment (LPI) administration activities.   2 May 2013
ILS
Aspen is the latest player to join the push into the third party capital space, with the formation of Aspen Capital Markets.   1 May 2013
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Markel has received final regulatory and shareholder approval for its acquisition of Alterra, with the company promising a seamless transition for clients and brokers.   1 May 2013
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Michael Smith will be re-joining Endurance Specialty Holdings as CEO of ARMtech Insurance Services, a wholly-owned Endurance subsidiary writing crop insurance, effective immediately.   30 April 2013
News
Cat modelling firm, AIR Worldwide announced the availability of real-time climate risk analytics, a service providing a real-time view of risk specific to a unique set of assets.   29 April 2013

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