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Well-positioned for future growth

Bermuda:Re+ILS sat down with Charles Cooper, chief executive, Reinsurance at XL Catlin, to discuss where the company stands as it prepares for integration with AXA.   6 September 2018

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Catalina creates new M&A and resinsurance position

Catalina Holdings has announced that Parri Spector has joined the business as director of M&A and reinsurance transactions.   6 September 2018

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New head of US property at Arch

Arch Insurance announced that Valerie Turpin has joined the company as executive vice president (EVP) and head of US property. She succeeds Michael Kmetz, who has taken a different role within the firm.   6 September 2018

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New ABIR study shows Bermuda’s impact on EU

A new study by the Association of Bermuda Insurers & Reinsurers (ABIR) claims that Bermuda’s global (re)insurance market has a growing positive impact on the European Union, with companies providing critical coverage to European policyholders and businesses.   6 September 2018

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Capsicum Re announces collaboration with AIR

Capsicum Re is collaborating with catastrophe modelling firm AIR Worldwide as part of a joint effort to enhance the insurance industry’s modelling of “silent” cyber incidents.   5 September 2018

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S&P: reinsurers likely to barely cover their cost of capital in 2018-19

In a new report S&P Global Ratings said that although the 2017 US hurricane season had a significant impact on returns, they had only been 1 percentage point higher than the cost of capital during the benign first half of 2017.   5 September 2018

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R&Q completes third loss portfolio deal for an RRG in a year

Bermuda-based Randall & Quilter Investment Holdings (R&Q) has restated its commitment to the risk retention group sector having completed its transaction in the past year.   4 September 2018

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AM Best: Property-cat rates will not improve while excess alternative capacity abounds

Property catastrophe pricing remains at the mercy of the alternative capital market and any hope for near-term improvement in the market is directly correlated to the current level of excess capacity in the overall market today, according to AM Best.   4 September 2018

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Sompo International launches in Luxembourg ahead of Brexit

Bermuda re/insurer Sompo International Holdings has said a new unit in Luxembourg represents a timely definition of its post-Brexit capabilities for clients around the world.   4 September 2018

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AM Best affirms INPEX ratings

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Bermuda-based INPEX Insurance (IIL). The outlook of these credit ratings is stable.   3 September 2018

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