News

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Validus reports record results

Validus Holdings reported record years for Talbot Underwriting and Validus Reinsurance with $1.1 billion and $1.2 billion of gross premiums written, respectively.   31 January 2014

News

Neuman appointed Ironshore CIO

Joshua Neuman relinquishes his responsibilities on the Ironshore Board of Directors to take up the role of chief investment officer.   31 January 2014

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PCS eyes up marine and energy, but credibility must be there

PCS is considering the potential of developing the scope of its industry catastrophe loss data into marine and energy lines, but will only take a definitive step into that space when it has a credible offering.   31 January 2014

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Markel makes two specialty appointments

Markel has promoted Nick Hillman and Nick James to senior underwriters within the property treaty accounts section of its specialty division. Both will be based in London.   30 January 2014

News

Fitch: Bermuda players must maintain discipline in a difficult environment

Already Bermuda players have moved towards broadening policy terms and conditions, a trend Fitch believes could signal deterioration in underwriting discipline.   30 January 2014

News

ILS ‘inflicting pain’ on the traditional market

Share prices in the Bermuda re/insurance market have declined since the start of 2014 following an extended rally, reflecting a difficult renewals and troubled industry fundamentals, further exacerbated by ILS capital.   29 January 2014

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Nakada: ‘issuer pays’ model approach holding ILS back

The ILS industry is undergoing an important evolution, away from a purely ‘issuer pays’ model of risk analysis and towards greater emphasis on an ‘investor pays’ approach.   29 January 2014

ILS

Record number of cat bond issued in 2013

A record 29 cat bond transactions were brought to market in 2013, as annual issuance reached $7.1 billion, according to Willis Capital Markets & Advisory.   29 January 2014

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Will Oasis challenge cat modelling’s big three?

Some of the industry’s most influential companies including Lloyd’s, Allianz, Aon Benfield and Guy Carpenter have joined forces on a project that could revolutionise the way risk models are used by the industry.   29 January 2014

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XL Group makes crisis management hire

Ian Davidson’s appointment is in response to expected growth in the Australian food, beverage and grocery industry.   29 January 2014

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