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Bermuda re/insurer Maiden Re has terminated its existing quota share agreement with AmTrust covering small commercial business in favour of a new deal with Swiss Reinsurance America. 3 January 2019
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The Bermuda Monetary Authority's revised Bermuda Solvency Capital Requirements (BSCR) models and rules for commercial insurers have now come into force to help ensure the regulatory regime is more effective and more in line with international standards. 3 January 2019
ILS
Bermuda's alternative capital business continues to establish itself within the global reinsurance market, with industry estimates placing Bermuda's share of total capacity at $51.9 billion - or 58 percent - of the global total of $89 billion as at December 31, 2017. 3 January 2019
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Arch Capital subsidiary Arch Insurance Europe has completed its acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. 2 January 2019
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Enstar Group has announced the completion of the acquisition of Maiden Reinsurance North America by one of Enstar’s subsidiaries. 2 January 2019
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The Bermuda Monetary Authority has issued a new report looking at the state of cybersecurity in the market at the moment. 21 December 2018
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Hamilton Re is inviting applications from students entering their junior year of college who are interested in participating in Hamilton Re’s intern programme during the summer of 2019. 21 December 2018
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AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of Markel Corporation and all of its Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs (see below for a detailed list of Long-Term IRs and indicative Long-Term IRs). 21 December 2018
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It’s been a busy year for the reinsurance industry on Bermuda. Bermuda:Re+ILS surveyed readers to find out what caught people’s attention the most over the course of the year. 20 December 2018
News
After a tough couple of years what might lie ahead for the reinsurance market in 2019? Bermuda:Re+ILS reveals the results of its latest reader survey. 20 December 2018
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