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ACE Group has received provisional approval from local regulators to establish a representative office in Myanmar. 3 June 2013

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EQECAT and RMS agree to share data schemas

Risk modelling firms EQECAT and RMS have agreed to share data schemas to help clients using multiple models to better understand their results and assumptions. 31 May 2013

ILS

Convergence capital will drive strategic change

Rising levels of convergence capital will require a change of strategy among reinsurers, with those that lack an identifiable brand or the underwriting expertise likely to be left behind. 30 May 2013

News

Neal Bill revived

Congressman Richard Neal has reintroduced a controversial bill that would deny tax deductions for reinsurance premiums paid to foreign affiliates by domestic insurers. 30 May 2013

News

Guy Carp study links ocean temperature and cyclones

The Guy Carpenter Asia Pacific Climate Impact Centre, a joint study conducted annually by Guy Carpenter and City University Hong Kong, linked rising ocean temperatures with increased tropical cyclone activity. 28 May 2013

News

Cash leaves Endurance, replaced by Charman

David Cash has left Endurance after three years as CEO, effective immediately, to be replaced by former Axis president and CEO John Charman. 28 May 2013

News

Moody’s Bermuda downgrade linked to insurance industry

Following a review for possible downgrade initiated on April 3rd, Moody’s Investor Service has downgraded Bermuda’s government bond rating and placed a negative outlook on the rating. 24 May 2013

News

XL and Cobalt look to tap global Shariah market

XL Group recently announced it had established a binder relationship with Cobalt Underwriting, an underwriting agency specifically created to provide Shariah compliant commercial insurance and reinsurance products. 23 May 2013

News

Bermuda Premier says regulations must keep pace

The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry. 23 May 2013

News

Oklahoma won’t move the market or change assumptions

According the Property Claims Service at Verisk Analytics the impact of the event is too soon to characterize, but the single event on its own will not move the re/insurance market. 23 May 2013

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