News
News
Consolidation continues to reshape Bermuda’s risk transfer landscape, a process that has continued apace in recent years. With three more big deals in 2018—so far—Bermuda:Re+ILS has researched a guide to the main deals that have taken place over the past five years. 26 November 2018
News
Fitch Ratings has claimed that Japanese non-life insurance groups Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19). All three have offices or subsidiaries based on Bermuda. 26 November 2018
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Autonomous vehicle software provider Oxbotica will commence trials on London’s roads this month following successful ongoing trials in Oxford. During the trials, AXA XL and Nominet will be testing data transfer. 26 November 2018
News
As he approaches his first anniversary as chief executive of the Association of Bermuda Insurers and Reinsurers, John Huff speaks to Bermuda:Re+ILS about how he sees the risk transfer landscape changing. 26 November 2018
News
Argo Group continues to meet its targets as it focuses on a dynamic market. Argo Group chief executive officer Mark Watson talks to Bermuda:Re+ILS. 26 November 2018
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Specialist insurer Hiscox's group claims director Jeremy Pinchin is retiring at the end of February 2019. He will be succeeded by Grace Hanson who will join Hiscox in January. 23 November 2018
ILS
Bermuda-based Markel CATCo Investment Management has implemented a specific loss reserve to cover the potential losses arising from the 2018 events Hurricane Michael and Typhoon Jebi, while warning of exposure to the California wildfire and a loss creep from 2017 nat cat events. 23 November 2018
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AM Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating (Long-Term ICR) to “bbb+” from “a-” of Citadel Reinsurance Company. 22 November 2018
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Marsh, which has a significant presence on Bermuda, has released its Global Insurance Market Index for the third quarter of 2018. 22 November 2018
News
Arch Insurance has announced Hugh Sturgess is the new chief executive officer (CEO) of Arch Insurance International, as from the beginning of 2019, subject to regulatory approvals. 21 November 2018
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