News

News

AM Best: US insurers have limited exposure to alleged PG&E wildfire link

According to AM Best the US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, which has ravaged northern California.   21 November 2018

News

Will Markel’s big bet pay off?

Markel stunned the market in August when it unveiled its plan to acquire Nephila Capital. While there is risk attached to the deal, it is based on an informed prediction of how the risk landscape will change, says Jed Rhoads, president and chief underwriting officer, Markel Global Reinsurance.   21 November 2018

News

RMS issues California fire loss estimate

RMS has estimated that insured losses from The Camp and Woolsey Wildfires in California are expected to reach between $9 billion and $13 billion.   20 November 2018

News

DARAG looks at Bermuda and North America with new acquisition

DARAG Guernsey has acquired the entire share capital of SOBC Services via its wholly owned subsidiary, SOBC DARAG Holdings.   20 November 2018

News

AXA XL targets alternative capital via purchase

AXA XL's reinsurance operation has announced that it has bought up all of the third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management.   20 November 2018

News

Sirius posts Q3 2018 loss due to storm losses

Bermuda-based Sirius International Insurance Group has posted a net loss of $28 million for the third quarter of 2018, up from the net loss of $179 million it made in the same period of 2017.   19 November 2018

News

Brit creates new UK-based special purpose vehicle

Brit has launched Sussex Capital UK PCC, a new multi-arrangement Insurance Special Purpose Vehicle (mISPV).   19 November 2018

News

The evolution of blockchain

PwC has unveiled its second report examining the importance of blockchain to the insurance sector. Bermuda:Re+ILS examines some of the main findings of that report.   19 November 2018

News

Boring renewals, but dynamic times on Bermuda

While the renewals negotiations are uninspiring, a mixture of consolidation, developments in insurtech, cryptocurrencies and the debate around diversity means Bermuda’s risk transfer sector is dynamic and optimistic at the moment, according to the inaugural Bermuda:Re+ILS renewals survey.   19 November 2018

News

PartnerRe Q3 2018 results dip due to cat losses

PartnerRe has announced that its third quarter results were impacted by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses from its investment portfolio.   16 November 2018

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