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Timetric’s Insurance Intelligent Center (IIC) has predicted a steady rise in the Bermuda insurance industry which is expected to reach $167.1 billion by 2019. 12 July 2016
News
Validus Holdings has provided an initial estimate of its net losses from second quarter 2016 notable and non-notable loss events. 12 July 2016
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The Organisation for Economic Co-operation and Development (OECD) has released a discussion draft which deals with the design and operation of the group ratio rule under Action 4 of the BEPS Action Plan, and a standardised IT-format for the exchange of tax rulings (ETR) between jurisdictions – the ETR XML Schema – under BEPS Action 5. 12 July 2016
ILS
Artex, the Bermuda-based alternative risk management subsidiary of Arthur J Gallagher, has positioned itself for growth in the alternative risk market, and has updated its logo and brand platform. 11 July 2016
News
Aspen Insurance has appointed Sean McPhillips as senior vice president (SVP), head of US primary casualty. 11 July 2016
ILS
Broker-dealer Swiss Re Capital Markets has structured and placed the issuance of $100 million of insurance-linked securities (ILS) by Laetere Re on behalf of United Property & Casualty Insurance Company, Family Security Insurance Company and Interboro Insurance Company, known collectively as UPC. 8 July 2016
News
Lancashire Holdings, a Bermuda specialty re/insurer, has appointed Robert Lusardi as its non-executive director, effective immediately. 8 July 2016
News
PartnerRe has made a series of appointments to coincide with its restructuring into three main business segments: property/casualty, specialty, and life and health. 7 July 2016
News
Ironshore International has appointed Jörg Eickstädt as head of direct and facultative property, who will be based in London. 7 July 2016
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Harrington Reinsurance Holdings, along with its subsidiary Harrington Re, has raised approximately $550 million of equity and $50 million of debt, including a $100 million equity investment by a subsidiary of AXIS Capital and an approximately $50 million equity investment by affiliates of The Blackstone Group. 6 July 2016
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