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ILS

January renewals sees global re/insurance capital back at pre-pandemic levels: AM Best

The insurance-linked securities (ILS) and traditional reinsurance markets overcame “extraordinary losses in 2020” in the January 2021 renewals, with capital now back to pre-pandemic levels of $485 billion, according to AM Best. 24 March 2021

News

Lancashire prices $400m bond offering

Lancashire Holdings has priced an offering of $400 million in aggregate principal amount of 5.625 percent fixed-rate reset junior subordinated notes due 2041. 24 March 2021

News

The Hartford rejects Chubb’s acquisition offer

The Hartford has rejected a proposed acquisition by Chubb. 24 March 2021

News

COVID-19 rendering traditional approaches to cyber security redundant: CyberCube

The COVID-19 pandemic has rendered some traditional approaches to cyber security redundant, according to Michael Rogers, a retired admiral and a board member of CyberCube, the cyber risk analytics specialist. 24 March 2021

News

Re/insurers commit more than $2m to open source Oasis Loss Modelling Framework

A group of institutions representing the global re/insurance industry is making a sizable investment in the Oasis Loss Modelling Framework and open source standards. 23 March 2021

Life

Corant hires stratton to lead its reinsurance business in Bermuda

Corant Global has appointed Kevin Stratton to lead its new reinsurance operation in Bermuda. 23 March 2021

ILS

World’s first humanitarian cat bond unveiled in Guernsey

Guernsey has unveiled the first humanitarian catastrophe bond. 22 March 2021

ILS

Hamilton selects Singapore for its first cat bond

Hamilton Insurance Group has elected to issue its first catastrophe bond in Singapore. 22 March 2021

Life

AXIS strengthens its cyber and technology team with hires in Bermuda and the US

AXIS Insurance has made two appointments to its global cyber and technology team. 22 March 2021

Re/insurance

Bermuda for life

What was once a relatively small proportion of Bermuda’s re/insurance community has grown into a large and thriving life community. As the stature of this sector has increased, so has that of BILTIR, the association that represents it. Sylvia Oliveira, its chair, spoke to Bermuda:Re+ILS. 22 March 2021

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