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American Coastal Insurance is the latest first-time sponsor to issue a cat bond into the market through its Bermuda SPI, Armor Re. 3 May 2013
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The Bermuda Stock Exchange (BSX) announced this week that it is now powered by NASDAQ OMX Group’s X-stream trading platform. 3 May 2013
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Despite some critics suggesting the Bermuda market has seen its day, the Island continues to hold a leading position internationally, with rising levels of alternative capital only likely to strengthen its position. 2 May 2013
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Bermuda-based insurance asset manager, Pillar Capital has announced the appointment of Bermudian Jeff Franklin as senior vice president and portfolio manager. 2 May 2013
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Marsh’s 2013 Terrorism Risk Insurance Report has found that take-up of terrorism coverage remains buoyant in the US despite limited attacks since September 11th, with around 60 percent of firms continuing to purchase such coverage. 2 May 2013
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Kane has announced the formation of Kane LPI Solutions as fund administrator for the company’s life, pension and investment (LPI) administration activities. 2 May 2013
ILS
Aspen is the latest player to join the push into the third party capital space, with the formation of Aspen Capital Markets. 1 May 2013
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Markel has received final regulatory and shareholder approval for its acquisition of Alterra, with the company promising a seamless transition for clients and brokers. 1 May 2013
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Michael Smith will be re-joining Endurance Specialty Holdings as CEO of ARMtech Insurance Services, a wholly-owned Endurance subsidiary writing crop insurance, effective immediately. 30 April 2013
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Cat modelling firm, AIR Worldwide announced the availability of real-time climate risk analytics, a service providing a real-time view of risk specific to a unique set of assets. 29 April 2013
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