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In an announcement that will be of great interest to Bermuda’s growing insurance-linked securities (ILS) community, the US Federal Emergency Management Agency (FEMA), which manages the National Flood Insurance Program (NFIP), has said it is exploring the possibility of using an ILS transaction to transfer risk to the capital markets. 5 April 2018
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Bermuda-based Oil Casualty Insurance, a provider of excess property and liability insurance to a broad array of industries with a focus on the energy industry, has recruited a senior underwriter from Tokio Millennium Re Bermuda. 5 April 2018
ILS
The Association of Bermuda Insurers and Reinsurers (ABIR) is bringing together distinguished past leaders with current chief executives of Bermuda's global insurance market in a leadership forum to market ABIR's 25th anniversary this summer. 4 April 2018
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Catalina Holdings (Bermuda), a company that acquires and manages re/insurance companies in run-off, has acquired a 5.01 percent stake in Maiden Holdings. 4 April 2018
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The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations in the first two months of 2018 with 11 new re/insurers. 3 April 2018
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White Mountains Insurance Group has entered into an agreement to acquire a majority equity stake in NSM Insurance Group, a managing general underwriter (MGU) and programme administrator for specialty property and casualty insurance. 3 April 2018
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Bermuda-based specialty re/insurer Fidelis Insurance has appointed Alison Clarke as senior underwriter of its London underwriting team, effective April 3. 3 April 2018
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Brad Kading is widely acknowledged as having taken the profile of the Association of Bermuda Insurers and Reinsurers to another level during his 12 years at its helm. His successor John Huff describes to Bermuda:Re+ILS his plans for the role and why Bermuda should be bullish about its future. 29 March 2018
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Canopius, which has a major presence on Bermuda, has appointed Rebecca Marsden as credit and political risk underwriter. 29 March 2018
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Dominic Frederico, president and CEO of Assured Guaranty has released a statement in response to the latest revised fiscal plans that aim to solve the US Territory’s ongoing debt problem. 29 March 2018
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