News
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Aspen’s board of directors has, after “careful evaluation”, unanimously rejected the unsolicited proposal from Endurance to acquire Aspen for $47.40 per share. 14 April 2014
ILS
Reinsurer capital has reached a record high of $540 billion, according to the latest report by Aon Benfield, providing some indication of the competitive dynamics facing the sector. 14 April 2014
News
Endurance has made public efforts to enter into talks with Aspen to acquire the company, a move that would establish the combined entity as a global leader in specialty insurance and reinsurance. 14 April 2014
News
Bermuda-based PartnerRe has established a strategic partnership with Chedid Re, one of the largest reinsurance brokers in the MENA region, to provide PI and D&O capacity in the region. 14 April 2014
News
Willis has appointed David Spear, as vice president, senior health care in Bermuda; and Rui Huang and Quentin Perrot as senior vice president and vice president within its growing capital markets division. 14 April 2014
News
AM Best has upgraded the financial strength rating of a host of ACE subsidiaries from A+ (Superior) to A++ (Superior), including ACE Bermuda Insurance, ACE Tempest Re and parent, ACE Tempest Life Reinsurance. 14 April 2014
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Bi-partisan support from the US Senate regarding the renewal of TRIA is encouraging and will likely help to deliver stability to the market and transfer terrorism risk away from taxpayers. 11 April 2014
News
Four Bermuda market participants have launched an aviation consortium based out of Lloyd’s Asia that will write aviation insurance and reinsurance for the Asia Pacific and Middle East. 11 April 2014
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Guy Carpenter has appointed Okan Utkueri as managing director and head of the firm’s operations in Turkey. 10 April 2014
News
New Bermuda-based reinsurer, Watford Re’s investment strategy will enable it to underwrite casualty business that would not normally make the cut at a traditional casualty reinsurer, as Arch lands another innovative first. 10 April 2014
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