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A new report by Aon Benfield claims that reinsurance capacity continues to outpace the growth of reinsurance demand despite insurers continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation.   11 January 2017
News
Bermuda-based XL Group has estimated that it could face net losses of approximately $245 million relating to natural catastrophes in the fourth quarter of 2016.   10 January 2017
News
The run-off market on Bermuda has been boosted by the creation of Premia Holdings, the largest ever start-up re/insurer dedicated to run-off, with more than $500 million in capital in an indication of the growing importance and anticipated growth of the legacy market globally.   10 January 2017
News
A new AM Best briefing has claimed that the speed of convergence capital entering the market seems to have slowed.   10 January 2017
News
Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, has appointed Matthew Isaly to the newly created position of senior vice president, head of information systems.   10 January 2017
News
Soft pricing, low profits and political instability will represent the three main challenges for the re/insurance market in 2017, according to an online survey of the market carried out by Bermuda:Re+ILS.   9 January 2017
News
Aon's latest reinsurance market outlook claims that 2016 saw the return of reinsurance capital growth, increasing by 5.3 percent to $595 billion for the nine months ending September 30, 2016, compared to a decline of 2 percent for the full year 2015.   9 January 2017
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Bermuda domiciled special purpose insurer Versutus has been renewed with expanded collateralised reinsurance capacity by owner and specialty re/insurer Brit in order to support its property treaty portfolio for 2017.   9 January 2017
News
2017 could see a huge spike in demand for cyber insurance due to fear of high-profile cyberattacks, according to a number of reports as well as experts that include Inga Beale, the CEO of Lloyd’s.   9 January 2017
News
ICAT Syndicate 4242 and Neon, both specialist Lloyd’s underwriters, have announced a reciprocal capacity arrangement to bring additional per risk capacity to the Bermuda Property Direct and Facultative (D&F) market.   6 January 2017

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