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News
The reinsurance sector saw significant rate reductions at the mid-year renewals as excess capital continues to chase muted demand. 2 July 2014
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Endurance has attacked Aspen’s defence against its increasingly hostile overtures, accusing Aspen of using governance and compensation questions to distract shareholders from the value inherent in the transaction. 2 July 2014
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Qatar Re has moved into its Pembroke offices in Bermuda as the company ramps up its global capabilities. 1 July 2014
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The SEC has declared effective Endurance’s registration statement relating to the exchange offer for all of the outstanding common shares of Aspen, as the M&A feud grows more rancorous by the day. 1 July 2014
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Bermuda-based run-off specialist Catalina Holdings has completed its reinsurance transaction with Delta Lloyd. 1 July 2014
ILS
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has worked with the World Bank to structure a catastrophe bond that would transfer some of its risks into the capital markets. 1 July 2014
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XL Group has pledged its support for specialist Shariah compliant managing general agency, Cobalt Underwriting, with cover for financial lines products spanning financial institutions, professional indemnity and management liability. 1 July 2014
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Hamilton Re has announced that Richard Sammons will join the company in the position of senior vice president, specialty. 1 July 2014
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Faber Global, the facultative and wholesale reinsurance arm of Willis Group, has announced the appointment of Alistair Lester as CEO. 30 June 2014
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Helios Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, has used a fully collateralised quota share reinsurance contract to release capital, allowing it to seek new opportunities. 30 June 2014
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