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Bermuda-based reinsurance-linked investment manager CATCo Re has established a retrocessional reinsurance loss reserve for losses related to Sandy. 13 December 2012
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XL and SCOR have agreed to back a new Lloyd’s syndicate formed by Randall & Quilter Investment Holdings. Syndicate 1991 was launched in August and will begin underwriting in the New Year. 13 December 2012
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ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry. 13 December 2012
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White Mountains Solutions Holding Company, a wholly-owned subsidiary of Bermuda-domiciled White Mountains Insurance Group, has entered into a definitive acquisition agreement with a small runoff subsidiary of AIG. 13 December 2012
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Pillar Capital Management, a Bermuda-based insurance asset manager focused on collateralised reinsurance and catastrophe-linked securities, has formed a strategic partnership with Transatlantic Re. 13 December 2012
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At a phone conference hosted by the Reinsurance Association of America (RAA) on Monday, Brad Kading of the Association for Bermuda Insurers and Reinsurers made a strong case for the re/insurance sector. 13 December 2012
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Ironshore’s professional liability division, IronPro is introducing a Highly Protected Information (HPI) product that will provide IT coverage and specialist assistance to SMEs affected by cyber attacks. 6 December 2012
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A recent report by AM Best that states that despite ‘tepid’ industry returns the rating agency has faith in Bermuda are indicative of the strength and reputation of the Island’s re/insurance sector. 6 December 2012
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Bermuda re/insurer, ACE has appointed Edward Kopp as its deputy president and chief operating officer for Korea. 6 December 2012
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Endurance and Tokio Millenium Re (TMR) have both made significant contributions to programmes benefiting children in Bermuda. 6 December 2012
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