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Speciality re/insurer Brit has selected Bermuda as the domicile for a newly formed collateralised reinsurance platform it builds out its “strategy to build long term relationships with the capital markets.” 13 December 2017
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The results of some Bermuda reinsurers have been particularly hard hit by the hurricane activity in the US and the Caribbean. One of the few reinsurers to post a combined ratio under 100 percent in the first nine months was PartnerRe. 12 December 2017
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The parent of Bermuda reinsurer Endurance has said it wants to become a top 10 global insurance group in terms of earnings and return on equity (ROE) after 2020. 12 December 2017
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A delegation from Bermuda, which included representatives from the Bermuda Business Development Agency (BDA) and the Ministry of Economic Development, have offered an upbeat message on the potential of Bermuda gaining more business from Latin America. 11 December 2017
ILS
The former chief underwriting officer of Ariel Re and chief underwriting of specialist reinsurance at ILS Capital Management has launched a new venture on Bermuda planning and structuring marine, energy and aerospace reinsurance or retrocession programmes. 11 December 2017
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Bermuda reinsurer Validus Holdings has said it does not anticipate potential changes to US tax law having a material impact on its results or operations. 8 December 2017
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Two subsidiaries of Bermuda-based Argus Group Holdings have been upgraded by AM Best as a result of a combination of improved earnings diversification in recent years and the de-risking of the group’s balance sheet. 8 December 2017
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The chief financial officer of Brit has highlighted the importance of Bermuda as a hub for the company stressing its Solvency II compliance and depth of expertise as being important reasons for this. 7 December 2017
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The chief executive of Markel CATCo Investment Management has tipped the business to grow by 30 percent in 2018 – and it has appointed a new Bermuda chief executive to help manage this growth. 7 December 2017
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Aspen has hired David Schick, the former was executive vice president of group strategy and transformation at Maybank, a Malaysian bank, as its group chief operating officer. 7 December 2017
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