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Universal application of contract wording will prove costly
News
In their drive to develop business in diverse geographies, re/insurers may be unwittingly exposing themselves to legal challenges relating to contract wordings and clauses developed for one system of law and/or jurisdiction that may not be understood or even recognised in other jurisdictions.   24 January 2014
Citizens’ downsizing continues
News
Florida has set up a property insurance clearinghouse designed to offer consumers an alternative to state-backed Citizens, raising the prospect of greater private insurance and reinsurance buying in the Florida market.   24 January 2014
News
As part of the Bermuda Monetary Authority’s (BMA) 2014 business plan the Authority will participate in the full National Association of Insurance Commissioners (NAIC) qualified jurisdiction assessment.   23 January 2014
News
Haucke joined Ironshore in 2009 as a senior production specialist and was named casualty manager of the western region in 2012.   23 January 2014
article
Rebecca Dupré has 25 years of excess casualty experience.   22 January 2014
ILS
The cat bond, which provides Achmea Reinsurance Company with EUR40 million of collateralized protection, is the first to provide Europe windstorm indemnity for a European insurance sponsor.   22 January 2014
ILS
Kinesis Re has underwritten its first tranche of multi-class reinsurance agreements from January 1, extending collateralised combined aggregate limits in excess of $250 million to market.   22 January 2014
article
The Northridge earthquake of 1994 served to prove the value of the Bermuda market at a time when it was facing negative attitudes from the Lloyd’s market.   22 January 2014
News
He will be responsible for overseeing the Group’s investment and asset management.   21 January 2014
News
XL appoints Christian Daniele as senior property facultative underwriter for its reinsurance division. Daniele will be based in Zurich.   20 January 2014

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