Hardy Underwriting has announced that it has ceased underwriting business from Bermuda following a “strategic business review”. Hardy will remain domiciled on the Island. 29 November 2013
A new Bermuda class is likely to comprise life reinsurers and/or hedge-fund backed reinsurers, looking to take advantage of the Island’s beneficial regulatory and tax regime. 28 November 2013
Attracting jobs to the Island will be a key metric of the success of the newly-formed Bermuda BDA, but a “lead indicator” will be its ability to access and influence key decision-makers in re/insurance, funds and asset management. 27 November 2013
Bermuda has outpaced Cayman in the ILS space for the first time in 2013, by both the value of ILS issuance and the number of bonds issued, according to a new report released by the BMA. 25 November 2013
The BMA welcomed a further three special purpose insurers (SPIs) in October, bringing the total number of SPIs formed this year to 32. 25 November 2013
The quality of underwriting talent is set to become increasingly important in the face of rising levels of convergence capital, as teams are deployed across traditional and alternative reinsurance structures. 25 November 2013
Dominic Christian, CEO of Aon UK and executive chairman of International at Aon Benfield, will begin his three-year term on February 1, 2014. 22 November 2013
