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Lancashire Holdings has revealed that it has had exposure to approximately $30 million in loss events within its marine portfolio. 8 October 2018
News
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Bermuda-based Transmonde Services Insurance Company. The outlook of these ratings remains stable. 8 October 2018
ILS
The re/insurance market faces a number of key challenges in the near future, including the question of if they want to be the Blockbuster of the market or the Netflix, according to Anthony Rettino founding principal & portfolio manager at Elementum Advisors. 4 October 2018
News
The internet of things is a game changer for the insurance industry, according to Ben Rose, lead consultant & engagement leader at Aon Inpoint. 4 October 2018
News
It’s vitally important for the future of Bermuda that businesses work with the Government and the regulators to keep the Island at the forefront of the industry, according to Bermuda’s Premier David Burt at the 2018 ILS Convergence conference. 3 October 2018
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Bermuda continues to stand as the rock of reinsurance, according to Kathleen Faries, Head of Bermuda for Tokio Millennium Re. 3 October 2018
News
RenaissanceRe Holdings has issued a statement in response to a letter from a major institutional shareholder to its board of directors calling for a rethink of its strategy. 2 October 2018
News
Institutional asset management firm TimesSquare Capital Management, which has a large stake in RenaissanceRe, has written to RenRe’s board of directors to urge for an immediate review of strategic alternatives, including an exploration of a potential sale of the company. 2 October 2018
News
Christopher O’Kane, chief executive officer of Aspen, has suggested that the senior management of the company will stay on after Apollo takes control of it. 2 October 2018
News
Blue Marble Microinsurance, a startup that provides socially impactful, commercially viable insurance protection to the underserved, and coffee company Nespresso have launched a pilot weather index insurance program for smallholder coffee farmers in Colombia. 2 October 2018
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