News

News

Sirius posts Q3 2018 loss due to storm losses

Bermuda-based Sirius International Insurance Group has posted a net loss of $28 million for the third quarter of 2018, up from the net loss of $179 million it made in the same period of 2017.   19 November 2018

News

Brit creates new UK-based special purpose vehicle

Brit has launched Sussex Capital UK PCC, a new multi-arrangement Insurance Special Purpose Vehicle (mISPV).   19 November 2018

News

The evolution of blockchain

PwC has unveiled its second report examining the importance of blockchain to the insurance sector. Bermuda:Re+ILS examines some of the main findings of that report.   19 November 2018

News

Boring renewals, but dynamic times on Bermuda

While the renewals negotiations are uninspiring, a mixture of consolidation, developments in insurtech, cryptocurrencies and the debate around diversity means Bermuda’s risk transfer sector is dynamic and optimistic at the moment, according to the inaugural Bermuda:Re+ILS renewals survey.   19 November 2018

News

PartnerRe Q3 2018 results dip due to cat losses

PartnerRe has announced that its third quarter results were impacted by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses from its investment portfolio.   16 November 2018

News

Hamilton reveals list of insurtech startups at conference

Hamilton Insurance Group has unveiled the lineup of insurtech startups that will pitch their new digital tools at the GR Innovation & Insurtech conference on November 19 at Rosewood Bermuda.   16 November 2018

News

Digital assets: on Bermuda’s wishlist

The government of Bermuda has been making a major push to attract Bitcoin and other electronic currencies to the Island. Bermuda:Re+ILS takes a look at the latest developments.   16 November 2018

News

Mixed outcomes for Bermuda’s re/insurers

Results for the first half and second quarter of 2018 have painted a rather mixed picture for the Island’s re/insurers. Bermuda:Re+ILS reports.   16 November 2018

News

S&P conference looks at global reinsurance market

Reinsurers have looked for strategic growth through new products and coverage, as well as possible mergers and acquisitions (M&A), according to panellists at the annual 2018 S&P Global Ratings Bermuda Reinsurance Conference, which took place at The Hamilton Princess Hotel on Nov. 6 and 7.   15 November 2018

News

AM Best downgrades Maiden Holdings ratings

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” from “bbb-” of Maiden Holdings and its downstream intermediate holding company, Maiden Holdings North America.   15 November 2018

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