News

News

Allied World makes raft of Bermuda appointments

Allied World has made twelve appointments in Bermuda, a number of which were promotions, as the company continues to cement its reputation on the Island.   25 March 2014

News

LMG seeks to halt London’s global decline

London Market Group chairman, Steve Hearn, says that he intends to arrest the London market’s global decline and explore those levers that will sustain and grow the capital’s influence in the global insurance marketplace.   25 March 2014

News

Hamilton Re continues to build an impressive team

Bermuda-based Hamilton Re has promoted Peter Skerlj to chief risk officer as the company continues to build an impressive team.   25 March 2014

News

M&A market waiting for next large-cap deal

Deutsche Bank has indicated that the outlook for insurance industry M&A is positive, with all eyes on potential big-cap deals, even if mid-market transactions are likely to predominate.   24 March 2014

News

Wilton Re to be acquired by Canada Pension

Bermuda-based Wilton Re is to be acquired by Canada Pension Plan Investment Board (CPPIB) for $1.8 billion, as the Canadian fund manager looks to develop its presence in the insurance space.   24 March 2014

News

ACE’s realigns its AsiaPac financial lines team

Bermuda-based ACE has reshuffled the management of its Asia Pacific financial lines business.   21 March 2014

News

Arch deal with FHFA creating appetite for private solutions

Following the success achieved by Arch at the end of last year in unlocking mortgage insurance risk from state-backed Freddie Mac, the Federal Housing Finance Agency has signalled its intent to seek further private market solutions.   21 March 2014

News

Bermuda lags behind Europe in ERM disclosure

A recent report by Guy Carpenter has found that while the global re/insurance industry is strengthening its disclosure of ERM practice and methodology, Bermuda continues to lag behind Europe in terms of transparency.   20 March 2014

News

Hong Kong captives set to enjoy a 50% reduction in tax

Hong Kong’s Legislative Council has passed an Inland Revenue Amendment that will provide a 50 percent tax concession on the profits of captive insurers.   19 March 2014

News

Endurance launches data breach coverage

Bermuda-based Endurance has launched a new data breach product, Breach Assist, which will provide insureds with coverage for legal costs, forensic analysis and customer interaction following a data breach.   19 March 2014

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