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The OECD’s forum on harmful tax practices (FHTP) has formally approved Bermuda’s economic substance legislative framework, Curt Dickinson, Bermuda’s minister of finance, told the house on Friday. 29 July 2019
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PartnerRe significantly increased its net income in Q2 2019 compared to the same period last year, largely driven by its non life business, and in particular a successful quarter for its property and casualty business. 26 July 2019
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Guaranty Income Life Insurance Company (GILI), an affiliate of Kuvare US Holdings, will acquire Lincoln Benefit Life Company and its affiliates (LBL), subsidiaries of Bermuda-based RL. 26 July 2019
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Blue Capital Reinsurance Holdings will cease active operations and pursue an orderly run-off of its liabilities and in-force portfolio, returning capital to shareholders, the company has said. 26 July 2019
ILS
Markel Corporation is building a new retrocessional insurance linked securities (ILS) fund platform in Bermuda. 26 July 2019
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AXA XL has teamed up with Vindati, an insuretech managing general underwriter (MGU), to offer ocean cargo insurance for small and middle-sized businesses. 25 July 2019
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Kroll Bond Rating Agency (KBRA) believes the insurers it rates are appropriately reinsured for the remainder of the 2019 Atlantic hurricane season and California wildfires. 25 July 2019
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Lancashire Holdings saw its gross written premiums increase in the first half of 2019 compared with the same period last year, while profit slumped. 25 July 2019
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Natural disasters caused global economic losses worth $73 billion in the first six months of 2019, according to an Aon catastrophe report, titled Global Catastrophe Recap: First Half of 2019. 24 July 2019
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Chubb has reported steady Q2 results, with net income almost flat on the same period in 2018, and gross written premiums seeing modest rises. 24 July 2019
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