Munich Re recently released a report on 2012 cat losses, which indicated that US losses accounted for a far higher proportion of natural cat losses than usual. 7 February 2013
US Representatives Grimm and Maloney have introduced a bill into the US House of Representatives to extend the Terrorism Risk Insurance Act (TRIA) for a further five years. 7 February 2013
Asta Managing Agency has been given approval in principle by Lloyd’s to establish syndicate 2357, which will be backed by Bermuda-based, Nephila Capital. 6 February 2013
Validus chairman and CEO, Ed Noonan has announced that the company has signed a letter of intent to acquire Bermuda reinsurer, Longhorn Re, a writer of US-based single-crop reinsurance. 5 February 2013
Munich Re’s recently released report on 2012 cat losses argues that states need to strengthen loss prevention efforts to mitigate the threat of rising insured losses. 5 February 2013
In the second part of our interview with Julia Mather, head of Bermuda at Miller, regarding the ongoing success of the Bermuda U40s tour. 24 January 2013
Assured Guaranty announced that it intends to dispute its ratings downgrade from Moody’s, which reduced its insurance financial strength rating to Baa1 (stable outlook) for Assured Guaranty Re. 24 January 2013
27 special purpose insurers (SPIs) were established in 2012, as the Island played host to an increasing number of innovative vehicles looking to extend sidecar and dedicated cat fund capacity to the market. 24 January 2013
